Chicago Climate Exchange: Cap and Trade, the Wave of the Future

The Chicago Climate Exchange is one of the coolest, and boldest, ideas to combat global climate change that I’ve seen in years. It has essentially created a market in buying and selling CO2 emissions, that is, a cap and trade system.

CCX emitting Members make a voluntary but legally binding commitment to meet annual GHG emission reduction targets. Those who reduce below the targets have surplus allowances to sell or bank; those who emit above the targets comply by purchasing CCX Carbon Financial Instrument® (CFI®) contracts.

And it isn’t just big companies participating (though they are: Ford, DuPont, Rolls-Royce, etc). Here’s a list of Universities participating:

Hadlow College
Michigan State University
University of California, San Diego
University of Idaho
University of Iowa
University of Minnesota
University of Oklahoma
Tufts University

It would be interesting to see if Portland State University would consider hopping on board.

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One response to “Chicago Climate Exchange: Cap and Trade, the Wave of the Future

  1. I know Texas Christian University is going green. They have been pretty active in trying to promote this.

    http://www.tcu.edu

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