Chicago Climate Exchange
Greenhouse gas reduction and trading system / From Wikipedia, the free encyclopedia
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The Chicago Climate Exchange (CCX) was a voluntary, legally binding greenhouse gas reduction and trading system for emission sources and offset projects in North America and Brazil.
Type | Stock exchange |
---|---|
Location | Chicago, United States |
Founded | 2003 |
Owner | Climate Exchange PLC |
Key people | Richard L. Sandor (founder) |
Currency | United States Dollar |
Volume | 680 million metric tons of CO2 |
Website | www |
CCX employed independent verification, included six greenhouse gases, and traded greenhouse gas emission allowances from 2003 to 2010.[1][2] The companies joining the exchange committed to reducing their aggregate emissions by 6% by 2010. CCX had an aggregate baseline of 680 million metric tons of CO2 equivalent.[3]
CCX ceased trading carbon credits at the end of 2010 due to inactivity in the U.S. carbon markets,[4][failed verification] although carbon exchanges were intended to still be facilitated.[1][2]