>> Carbon Credit Auction Platform from September 26,2008

CantorCo2e , a global provider of financial services in energy and environment is launching a fully automated and global auction platform for issued certified Emission reduction(CER) or carbon credits. Auction will be on online platforms. Buyers worldwide will submit their closed bids on line. Auction will be open for an hour. The automated search engine will evaluate the bids and determine the clearing prices. It will be uniform price auction, where each successful bidder pays the same clearing price for the CER that are allocated to it. The clearing prices are determined online at the close of the auction. India has 42 million unsold credits and the prices rise as on August 5, 2008 range EURO 15 to EURO 20 in only 3 months. The auction starts on
September 26,2008.



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