APX To Provide Software For U.S. Emissions Allowances Auctions

NAW Staff, Monday 23 July 2007 - 12:22:04

APX Inc., a Santa Clara, Calif.-headquartered infrastructure provider for North American environmental and energy markets, plans to supply software technology and services to support the auction of emissions allowances in U.S. environmental markets.

Because most U.S. power market companies are already account holders in APX systems, the system can be quickly integrated at a low cost, the company notes. Participating corporations can track their balances of emissions allowances, carbon offsets (project-related credits), renewable energy certificates and other environmental commodities.

System features include Web-based account administration, creation of serialized certificates, tracking of certificate ownership, management of certificate balances, reporting mechanisms with state agencies, an audit trail and a secure market system.



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