|
|
| Home » Carbon management » Chicago Climate Exchange (CCX) |
|
Chicago Climate Exchange (CCX) |
|
Chicago Climate Exchange (CCX) is North America's only active legally binding and voluntary integrated trading system that aims for reduction of 6 important greenhouse gases (GHGs). Offset projects are implemented worldwide. It was launched in 2003.
CCX members represent all commercial sectors around the world. Reduction in greenhouse
gases achieved via Chicago climate exchange comprise the only reductions made in North America done by a compliance regime that is legally binding. It provides third party independent verification by the Financial Industry Regulatory Authority (FINRA).
Trading
CCX trades a commodity known as a CFI contract. Each CFI contract equals 100 metric tons of carbon dioxide
equivalent. Exchange offsets and exchange allowances are part of a contract. CCX has the following aims:
- It assists to build institutions and skills to manage GHGs in a cost-effective manager
- Inform the general public on the risk of global climate range
- Assists in the transaction of GHG allowance trading with environmental integrity, transparency in price and excellence in design.
- CCX strengthens the intellectual framework for valid GHG reduction. It also ensures that the process is cost-effective.
- It helps to build the institutions and skills for cost-effective management of GHGs.
Benefits of CCX membership
Membership of Chicago Climate Exchange brings along the following benefits:
- A cost effective turnkey emissions management system is formed
- Companies are prepared to tackle operational, reputational and financial risks.
- Provable record of effective action on climate change to rating agencies, customers, and shareholders.
- Enables to drive developments in policy grounded on practical experience
|
|
|
|
|
|