Chicago Climate Exchange

The Chicago Climate Exchange (CCX) is North America’s only, and the world’s first, greenhouse gas (GHG) emissions registry, reduction and trading system for all six greenhouse gases (GHGs), of which CO2 dominates. CCX also owns and operates the European Climate Exchange (ECX) which is the largest emissions trading framework in the world. CCX is a self-regulatory, rules based exchange designed and governed by CCX Members. Members make a voluntary but legally binding commitment to reduce GHG emissions. The Phase I (program years 2003-2006) emission reduction target for each Member was 4% below baseline by 2006.

Phase II, which extends the CCX reduction program through 2010, requires all Members to reduce GHG emissions 6% below baseline. Current CCX members include Ford Motor Company, IBM, Motorola, DuPont, Dow Corning, Waste Management and Bayer Corporation. The total emissions from CCX members exceed those of Great Britain.