The Chicago Climate Exchange (CCX) was North America’s only voluntary, legally binding greenhouse gas (GHG) reduction and trading system for emission sources and offset projects in North America and Brazil.
CCX employed independent verification, included six greenhouse gases, and traded greenhouse gas emission allowances from 2003 to 2010. 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.
Read more about Chicago Climate Exchange: Climate Exchange PLC, Final Trading Position, Carbon Sequestration Atlas of The United States and Canada, Components of The Trading System, Participants
Famous quotes containing the words chicago, climate and/or exchange:
“Ethnic life in the United States has become a sort of contest like baseball in which the blacks are always the Chicago Cubs.”
—Ishmael Reed (b. 1938)
“A tree is beautiful, but what’s more, it has a right to life; like water, the sun and the stars, it is essential. Life on earth is inconceivable without trees. Forests create climate, climate influences peoples’ character, and so on and so forth. There can be neither civilization nor happiness if forests crash down under the axe, if the climate is harsh and severe, if people are also harsh and severe.... What a terrible future!”
—Anton Pavlovich Chekhov (1860–1904)
“Development, it turns out, occurs through this process of progressively more complex exchange between a child and somebody else—especially somebody who’s crazy about that child.”
—Urie Bronfenbrenner (b. 1917)