SOURCE: Climate Exchange PLC

January 15, 2008 02:01 ET

Climate Exchange PLC announces Trading Statement

Isle of Man, UK--(Marketwire - January 15, 2008) -

Press Release

15 January 2008


                  CLIMATE EXCHANGE PLC ("Company" or "Group")

                        PRE CLOSE PERIOD TRADING UPDATE

                     CONTINUED GROWTH IN EXISTING PRODUCTS

                          STRONG NEW PRODUCT PIPELINE

                            INTERNATIONAL EXPANSION


In keeping with past practice, Climate Exchange plc, the leading international
environmental exchange operator, is pleased to provide an update on trading for
the period 1 January 2007 to 31 December 2007.


Highlights for the period under review:


   - ECX volumes up by 128.93% over same period in 2006

   - ECX open interest up by 170.88% over same period in 2006

   - ECX membership increased from 71 on 31 December 2006 to 84 on 31 December 2007

   - CCX volumes up by 123.3% over same period in 2006

   - CCX membership increased from 238 on 31 December 2006 to 401 on 31
     December 2007

   - CCFE volumes up by 881% over same period in 2006

   - CCFE open interest up by 719% as at 31 December 2007, year on year

   - CCFE membership increased from 154 on 31 December 2006 to 239 on 31
     December 2007

   - Launch of the Insurance Futures Exchange Services Ltd ("IFEX") in
     September 2007


ECX - European Climate Exchange

CCX - Chicago Climate Exchange

CCFE - Chicago Climate Futures Exchange


Neil Eckert, CEO of Climate Exchange plc, said: "By every measure highlighted
above the progress of the Group has been excellent. We have just passed the
major milestone of having traded 1 million contracts for the year at ECX. The
January daily average so far also sets a new record. There are also a number of
encouraging developments in the work we have been doing in other alternative
exchange activities, notably the launch of IFEX."


Richard Sandor, Chairman of Climate Exchange plc, said: "Your Company continues
to be the leading exchange in the development of international environmental
markets. A significant development is the recent announcement of the Memorandum
of Understanding with the China National Petroleum Company. Further details
relating to the commercial terms and the scope of activity will follow in due
course.


We are the leading regulated environmental exchange in the U.S. market, which
continues to develop as evidenced by our increased CCX volumes which more than
doubled and by our increased membership. The U.S. emissions baseline now exceeds
500 million tonnes which is equivalent to ca. 25% of the EU Emissions Trading
System. The U.S. is now into an election year and it would appear that the
political landscape is exceptionally positive with the profile on climate change
being raised significantly and the prospects of a mandatory U.S. cap and trade
system being ever more likely.


We continue to be excited by the long term value proposition inherent in the
international franchise we are building."


ECX Volumes for 12 months to 31 December 2007 (1000 Tonnes/Contract)


          Month  Total Volume   Open Interest    Total Volume     Open Interest
                   Futures         Futures          Options          Options
                   Contract        Contracts         Contract         Contract 
                           
     January 07      61,157          72,141           1,265             1,465

    February 07      62,336          80,312           1,550             3,015

       March 07      73,829          83,474           1,950             4,965

       April 07      59,276          92,417           1,450             5,935

         May 07      77,713         107,212           1,910             7,675

        June 07      91,381         113,930           2,515             9,215

        July 07     126,058         138,114           6,790            12,820

      August 07     103,119         149,590           8,750            19,485

   September 07      99,461         160,540          10,900            26,030

     October 07     107,743         183,347           5,735            28,550

    November 07      98,405         188,631           9,475            34,930

    December 07      72,592         139,741           4,751            36,645

      YTD Total     980,780                          57,041

 Jan - Dec 2006     452,774                             560


(Numbers reported in tonnes of CO2 EU Allowances (EUAs) )



CCFE Volumes for 12 months to 31 December 2007 (Contracts)

Month            SFI Futures        SFI Options       NFI Futures        Total

January 07           14,511                 -                 -         14,511

February 07           4,837                 -                52          4,889

March 07             12,017                 -               219         12,236

April 07              7,697             5,750               279         13,726

May 07               12,869             4,365               481         17,715

June 07              23,555             6,115               344         30,014

July 07              14,753             7,152               578         22,614

August 07            16,569            16,491               506         34,269

September 07         16,950            14,930               563         33,123

October 07           19,991            13,565               340         36,198

November 07          16,302            13,210                73         30,732

December 07          20,979            10,280                30         33,731

        Total       181,030            91,858             3,465        283,758

Jan - Dec 2006       28,924                 -                 -         28,924



CCFE End of Month Open Interest for 12 months to 31 December 2007 (Contracts)

Month           SFI Futures        SFI Options        NFI Futures        Total

January 07          10,881                  -                  -        10,881

February 07         11,300                  -                 45        11,345

March 07            13,183                                   125        13,308

April 07            15,067              4,570                305        19,942

May 07              15,569              6,265                504        22,338

June 07             17,092              9,015                753        26,860

July 07             16,978             11,147                535        28,716

August 07           17,440             19,157                695        37,721

September 07        18,749             24,420                120        44,150

October 07          19,956             20,200                  0        42,673

November 07         21,083             28,610                 70        52,797

December 07          9,793             17,130                 30        31,290


December 2006        3,822                  -                  -         3,822


The above tables do not separately set out specific volumes and open interest
for other products, including ECO Index, NFI-annual, CFI Futures, IFEX, CER,
ECFI and CER Option. However, the "total" figures column does include figures
for these products.




CCX Volumes for 12 months to 31 December 2007 (100 Tonnes/Contract)


Month                                   Contracts                  Tonnes (CO2e)

January 07                               15,942                      1,594,200

February 07                              37,121                      3,712,100

March 07                                 17,271                      1,727,100

April 07                                  8,739                        873,900

May 07                                   18,007                      1,800,700

June 07                                  21,423                      2,142,300

July 07                                  33,042                      3,304,200

August 07                                 9,124                        912,400

September 07                              5,359                        535,900

October 07                               18,414                      1,841,400

November 07                              24,781                      2,478,100

December 07                              20,152                      2,015,200

 Total                                  229,375                     22,937,500


Jan - Dec 2006                          102,724                     10,272,400



Details of memberships can be found at www.ecxeurope.com for ECX members and at
www.chicagoclimateexchange.com for CCX and CCFE members.


We continue to drive international expansion and are making material progress in
establishing our businesses in Canada and India.


In Canada, the Group has announced a joint venture with the Montreal Bourse
which is due for imminent launch.


In India, the Group has established a founder member group working to form a
domestic reduction system similar to that in the United States. The Chairman of
the founder member group is Rajendra Pachauri, the Chairman of the
Intergovernmental Panel on Climate Change ("IPCC"). Rajendra Pachauri recently
collected a Nobel Prize on behalf of IPCC alongside Al Gore. The founder member
group includes a number of India's leading industrial companies.


The Group is also in ongoing discussions regarding product collaboration in the
Middle East and Australia. In all cases, our experience in launching new
emissions reduction markets provides significant competitive advantage.


The Company views the launch of the Insurance Futures Exchange ("IFEX"), which
trades U.S. hurricane catastrophe derivatives, as an extremely important
development. Interest has been substantial and there have been trades executed
by major banks, hedge funds and by the insurance community. Marketing activity
continues and we have a growing number of authorized traders.


New business activity is substantial, the Group has established a scalable
business where, for minimal cost, it can launch new contracts which have the
potential to provide significant revenue and a material, leveraged impact on our
franchise. We will resource our team to allow us to continue to deal with the
opportunities our business is generating.


Contacts


Richard Sandor, Chairman Climate Exchange plc                   001 312 554 3370

Neil Eckert, CEO Climate Exchange plc                              0207 382 7807

Matthew Whittell, CFO Climate Exchange plc                         0207 382 7802

Peter Rigby/Alexandra Parry, Haggie Financial                      0207 417 8989


About Climate Exchange plc

Climate Exchange plc is a holding company whose subsidiaries are principally
engaged in owning, operating and developing exchanges to facilitate trading in
environmental financial instruments including emissions reduction credits in
both voluntary and mandatory markets.  The two main businesses are the Chicago
Climate Exchange (CCX) which operates a voluntary but legally binding cap and
trade system including an exchange for CO2 emissions as well as SO2 and NOx
contracts in the US and internationally, and the European Climate Exchange (ECX)
which operates an exchange focused on compliance certificates for the mandatory
European Emissions Trading Scheme. http://climateexchange.com


About Chicago Climate Exchange, Inc.

CCX is a financial institution whose objectives are to apply financial
innovation and incentives to advance social, environmental and economic goals.
CCX is the world's first and North America's only legally binding rules-based
greenhouse gas emissions allowance trading system, as well as the world's only
global system for emissions trading based on all six greenhouse gases. CCX
members are leaders in greenhouse gas management and represent all sectors of
the global economy, as well as public sector innovators. Reductions achieved
through CCX are the only reductions in North America being achieved through a
legally binding compliance regime, providing independent third party
verification through a contractual arrangement with the National Association of
Securities Dealers (NASD) and price transparency. The founder, Chairman and CEO
of CCX is economist and financial innovator Dr. Richard L. Sandor, who was named
a Hero of the Planet by Time magazine for his founding of CCX. For a full list
of CCX members, daily prices and other Exchange information, see http://
www.chicagoclimateexchange.com.


CCX, a US corporation, launched its trading platform in 2003. In 2005, CCX
launched the European Climate Exchange (ECX), now the leading exchange operating
in the European Union Emissions Trading Scheme. CCX also launched the Chicago
Climate Futures Exchange (CCFE), a CFTC-regulated futures exchange for U.S. SO2
allowances and U.S. NOx Ozone Season allowances, the world's first environmental
derivatives exchange. Since 2006, CCX, ECX and CCFE have been owned by Climate
Exchange Plc, a publicly traded company listed on the AIM of the London Stock
Exchange.


About European Climate Exchange

Over 85% of all exchange traded derivatives on the European Union Emissions
Trading Scheme (EU ETS) are based on the European Climate Exchange (ECX)
products. The ECX futures and options are listed on ICE Futures Europe and trade
on their easily accessible electronic trading platform.


The ECX/ICE products have become the benchmark in the emissions market. For full
information see the ECX website at www.ecx.eu


                      This information is provided by RNS
            The company news service from the London Stock Exchange