CCX Update

Posted on January 5, 2011 by

The second commitment period for member companies of the Chicago Climate Exchange (CCX) ended on Dec. 31, 2010 without the renewal for 2011. Exchange trading in Carbon Financial Instruments (CFIs), will continue as a strictly voluntary emissions offset system. Chicago Climate Exchange (CCX) was North America’s only cap and trade system. CCX emitting Members made a voluntary but legally binding commitment to meet annual GHG emission reduction targets. Those companies that fulfilled their targets could sell their excess emission reduction unit to others.

Besides this, European Climate Exchange and the Chicago Climate Futures Exchange which are the sister organizations to CCX will continue their operations till their respective state government and corporate interests in fighting climate change remain alive.