BoI new emission trading product

Bank of Ireland has launched a new product to allow Irish companies trade off energy emissions.

Under the Kyoto Protocol, Ireland has agreed to reduce carbon dioxide by limiting harmful energy emissions.

Through the EU Emissions Trading Scheme (EUETS) the Bank of Ireland Global Markets Energy & Emissions Desk will provide transaction and hedging services to Irish companies to trade off emissions. It will allow companies that produce more carbon dioxide to buy increase limits from those that produce less.