Welcome

Envex is a key service provider to emerging environmental markets. Our goal is to foster Australian environmental markets that are deep, liquid, efficient and transparent.

For some time, Australia has been at the forefront of environmental markets. The Federal Government introduced the world leading Mandatory Renewable Energy Target in 2001, and in 2003 my NSW Government introduced the world’s first mandatory carbon trading scheme. Consequently, strong over the counter (OTC) markets have emerged, with the support of professional dealers, brokers and service providers. Australia is now ideally positioned for emissions trading, due to commence in 2010, under the Rudd Government’s Carbon Pollution Reduction Scheme.

In November 2008, Envex and FEX launched the Mercari Environmental ECN which is set to revolutionise Australia’s OTC environmental market. For the very first time, all major traders, dealers, and brokers have access to a central pool of liquidity, so market transparency and efficiency will be greatly enhanced.

Envex is also working to expand its product offerings, with plans to launch a range of exchange traded environmental contracts which, subject to regulatory approvals, will be available for trading on the FEX derivatives platform. What’s more, we’re working closely with our shareholders, notably Macquarie Capital Group and Climate Exchange plc, to build linkages between markets in Australia and those in Europe and North America. We want to provide Australian companies with access to a truly global range of products.

Envex and FEX are grateful for the support of our initiatives and will continue to work with market participants to meet market needs. This is in line with our core philosophy of building a business to meet the needs of the market, rather than trying to make the market fit ours.

Hon Bob Carr
Chairman Envex