Spimex Eyes Green Energy Trading

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The St. Petersburg International Mercantile Exchange (Spimex) has reached an agreement with hydropower company Rushydro that paves the way to start trading "green energy certificates" on the exchange. Spimex and Rushydro have agreed to cooperate to facilitate the purchase of renewable power from Rushydro via the exchange. Rushydro said I-REC certificates will be issued to buyers certifying that they have purchased renewable power. Spimex and Rushydro plan to cooperate on the development of a regulatory framework for trading the certificates and quotas for greenhouse gas emissions. Russia does not yet have its own emissions trading system but plans an experimental system on Sakhalin Island that Spimex and Rushydro both intend to join (IOD Aug.2'21).

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