Chicago Climate Exchange

196666 Resource 107524 107631 107631 1202408595348 1202409728955 Controlled Cost of GHG Rises on Chicago Climate Exchange (CCX)

GHG emission reduction credits have risen 80% since mid-January of this year.

<a title="CCX on Wikipedia.com" href="http://www.reuters.com/article/environmentNews/idUSN0737979120080207?feedType=RSS&feedName=environmentNews" target="_blank">Chicago Climate Exchange</a> (CCX) has seen a rise in the cost of greenhouse gas (GHG) emissions reduction credits.  On January 15th of this year the prices closed at about $2.15/ton, but yesterday the closing price was $3.90/ton.According to <a title="CCX on wikipedia.com" href="http://en.wikipedia.org/wiki/Chicago_Climate_Exchange" target="_blank">wikipedia.com</a>, "CCX is North America's only voluntary, legally binding (GHG) reduction and trading system for emission sources and offset projects in North America and Brazil."CCX employs independent verification, includes six greenhouse gases, and has been trading greenhouse gas emission allowances since 2003. The companies joining the exchange commit to reducing their aggregate emissions by 6% by 2010."The member organizations of CCX enter legally binding agreements to cut emissions in a specified amount of time.  If reductions are made sooner than expected, extra credits are generated that can be sold or saved.  If reductions are not made in the specified amount of time, the organization is required to purchase credits through the exchange.By Cassi Darwin <a href="mailto:cdarwin@enviance.com">cdarwin@enviance.com</a>  9 application/xml false CCX Chicago Climate Exchange emissions GHG Chicago Climate Exchange From Wikipedia: Chicago Climate Exchange (CCX) is North America's only voluntary, legally binding greenhouse gas (GHG) reduction and trading system. http://en.wikipedia.org/wiki/Chicago_Climate_Exchange Greenhouse gas prices rise on Chicago exchange Chicago Climate Exchange credits for greenhouse gas emissions reductions have risen about 80 percent since mid-January, according to the bourse's data. http://www.reuters.com/article/environmentNews/idUSN0737979120080207 Mozilla/4.0 (compatible; MSIE 7.0; Windows NT 5.1; .NET CLR 1.1.4322; .NET CLR 2.0.50727; .NET CLR 3.0.04506.30; InfoPath.2) 127.0.0.1 127.0.0.1 cdarwin 74.202.198.130 false true false false true 205814 false false true false false false true 107524 blog blogsite/Enviance/web