We are investigating claims of price-fixing and conspiracy relating to the emerging new futures markets, called carbon exchanges.
These exchanges trade in "carbon credits," not only in advance of proposed Cap and Trade legislation in the U.S., but where such regulations exist in Europe.
Most major power plants and factories anticipate being part of a legally binding scheme to reduce greenhouse gas emissions.
Carbon trading is the trading of greenhouse gas reduction credits as defined in the 1997 Kyoto Protocol of the Climate Change convention. If too many allowances have been issued, the carbon price will fall and could even hit zero, making the whole scheme collapse.
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