CCX to Develop Carbon Emission Credit Products
Date: 07-Feb-07
Country: US
CCX is the only legally binding US greenhouse gas emissions allowance trading system. Member firms, which include Ford Motor Company and chemical company DuPont Co. , can trade carbon emission credits over the exchange that allow the right to emit an amount of carbon dioxide over a specified period.
CCX is a subsidiary of Climate Exchange Plc, which also owns the European Climate Exchange, the world's largest live carbon emissions trading market. CCX is No. 2.
Carbon markets, which are meant to impose a cost on emitting greenhouse gases blamed for global warming, put an overall limit on emissions but allow members busting their caps to buy rights to emit greenhouse gases from those members within their limits.
