The government's ban on four agricultural commodities may have hit commodity exchanges hard, but that did not stop the Multi Commodity Exchange of India (MCX) from trying to induce vibrancy in its carbon credit trading platform. MCX has roped in IDEAcarbon as its global strategic advisor on climate change policy. The objective behind the tie-up is to develop the carbon market in India and internationally. IDEAcarbon is a global leader in carbon market standards and policy, whose services are designed to provide leading financial institutions, corporations, governments, traders and developers with analysis of the factors that affect pricing of carbon market assets. Under the tie up, IDEA carbon will create instruments that MCX will make available for trading on the MCX platforms. IDEAcarbon's ratings may also be integrated into the design of carbon instruments offered by MCX. MCX launched futures trading in carbon financial instruments in January 2008 but received a lukewarm response.