Nordic power company expends CO2 trading in Poland

The CO2 allowances market available on POEE platform is part of the European Union emissions trading scheme, with main goal to link the platform's trading system with other exchange platforms operating in the EU countries, Nord Pool wrote in a statement.

"Such connection gives POEE participants a direct access to the EU CO2 trading market," Nord Pool said. "At the same time gives participants of foreign exchanges and platforms an opportunity to enter into contracts with Polish companies." Trading on the platform will be in euro.

Poland is expected to be a major player on the CO2 market, since it's highly dependent on coal industry as a source of energy.

Source: Reuters