APX-Endex launches biomass index in Amsterdam
On 3 November 2011 Dutch-Belgian energy market provider APX-Endex launched the world’s first exchange for biomass renewable energy in Amsterdam. Simultaneously, the company officially opened its new headquarters in the city.
Biomass exchange
The 3 November event marked the first phase in the development of the exchange and provided an opportunity to trade standardised, non-cleared products where the physical settlement is arranged bilaterally by the counterparties. Phase two; scheduled to take place during the course of 2012, will include the development and implementation of clearing services, according to an APX-Endex statement.
Minister Maxime Verhagen from the Ministry of Economic Affairs, Agriculture and Innovation said in the same statement: “The Dutch government recognises the dual need for green and grey energy. With the opening of the Biomass Exchange and the existing gas and electricity exchanges, APX-ENDEX supports shaping the future energy system of this country and beyond. An effective exchange will contribute to the development of a healthy market for biomass and other renewables.”
Sustainable finance
The Amsterdam Metropolitan Area is an excellent place to start the first biomass index. The area already has considerable expertise in both the financial sector and is a frontrunner in terms of sustainability. The Holland Financial Centre, for example includes the Centre for Climate and Sustainability which concentrates on increasing knowledge about sustainable financing. Moreover, Dutch banks and the pension industry have a great deal of experience with sustainability. Therefore it is no surprise that many Dutch companies rank highly in the Dow Jones sustainability index.
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