About the CCX

What is the Chicago Climate Exchange?
Eco-nomics serves as an aggregator of carbon credits for the Chicago Climate Exchange (CCX). The CCX is North America’s marketplace for buying, selling, and trading carbon credits. The CCX provides the trading platform necessary to execute the sale of offset credits.

The CCX is a unique and viable marketplace because it is:

  1. Voluntary participation: Members have chosen to participate in the reduction of green house gases (ghg’s) in a way that allows them to accomplish their environmental objectives by the most economically practical means.
  2. Legally binding: Members make a legal commitment to achieve their emission reduction targets during the course of their contract period.
  3. Multi-sectoral: The CCX membership comprises a panoply of over 250 companies, municipalities, and other various entities. Some of the notable members include: Ford Motor Company, Jim Walter Resources, Dupont, Eastman Kodak, Waste Management, International Paper, IBM, Rolls Royce, and the State of New Mexico.
  4. Rule-based: Each potential project must meet a stringent list of prerequisites to be eligible to earn carbon credits. Upon approval of an offset project, the CCX requires a third-party verification to ensure that credits are not issued erroneously. Many projects must be verified annually, and credits are only issued after the emission reductions have taken place.
  5. Market Driven: The CCX offers members the ability meet their desired reduction targets through the most economical avenues.

* The CCX charges a 5% handling fee associated with the tracking and sale of carbon credits.

 

 

 

 

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