Jun

30

Chicago Climate Exchange® Issues Statement on Passage of American Clean Energy and Security Act

Filed Under ACES Act, American Clean Energy and Security Act, Carbon Cap and Trade, Carbon Trading, Chicago Climate Exchange, US Carbon Market | Comments Off

Chairman and Founder of the Chicago Climate Exchange Inc.® Dr. Richard L. Sandor issued the following statement today on House passage of the American Clean Energy and Security Act of 2009:

“The Chicago Climate Exchange appreciates the hard work put in by Chairmen Waxman, Markey, Peterson and others to pass this important legislation. This bill is a great first step for creating green jobs, reducing carbon emissions and securing America’s energy independence. It recognizes the valuable role a market mechanism can play in achieving emissions reduction goals at least cost to consumers. Read more

Mar

23

Chicago Climate Futures Exchange Announces Record Volume

Filed Under CCE, CCFE, Chicago Climate Exchange, Chicago Climate Futures Exchange | Comments Off

 

Chicago Climate Futures Exchange® (CCFE®), a whollyowned subsidiary of Chicago Climate Exchange® (CCX®), announced record trading volume for March. CCFE has traded 60,676 contracts month-to-date as compared to the previous record of 56,429 contracts in the entire month of February 2009. This record month has been achieved in 13 trading days, with CCFE volumes recording an average of 4,667 contracts per day.   Read more

Mar

3

Chicago Climate Futures Exchange Announces Record Volume for February 2009

Filed Under CCE, CCFE, Carbon Trading, Chicago Climate Exchange, Chicago Climate Futures Exchange, Voluntary Carbon Market | Comments Off

Chicago Climate Futures Exchange® (CCFE®), a CommodityFutures Trading Commission (CFTC) regulated Designated Contract Market and wholly owned subsidiary of Chicago Climate Exchange® (CCX®), announced record trading volume for February 2009. CCFE traded 56,429 contracts throughout the month as compared to the previous record of 55,350 contracts in January 2008. Read more

Feb

25

Chicago Climate Futures Exchange® Announces The Successful Launch Of Futures Contracts On California Climate Action Registry - Climate Reserve Tons (CCAR-CRT)

Filed Under California Climate Action Registry, Chicago Climate Exchange, Chicago Climate Futures Exchange | Comments Off

Chicago Climate Futures Exchange® (CCFE®), a Commodity Futures Trading Commission (CFTC) Designated Contract Market, announces the successful launch of new futures contracts on California Climate Action Registry – Climate Reserve Tons (CCAR-CRT).

Each CCAR-CRT contract calls for delivery of 1,000 Climate Reserve Tons (CRTs), are project-based emission reductions issued by the Climate Action Reserve, the offset program of the California Climate Action Registry.

On Friday, February 20, 2009, CCFE traded 26 CCAR-CRT futures contracts, representing 26,000 Climate Reserve Tons. These trades mark the first exchange-traded transactions for delivery of emission offsets issued by the Climate Action Reserve.  Read more

Feb

8

John Lothian says cap-and-trade gaining traction

Filed Under Chicago Climate Exchange, US Carbon Cap and Trade, US Carbon Markets | Comments Off

Comments on “Cap-and-trade gains traction” from John Lothian Newsletter

Lawmakers plan to tackle a daunting task in the coming months: putting a price on the right to emit greenhouse gases. Those gases — primarily carbon dioxide — are linked to warming temperatures and changing climate patterns across the globe. President Barack Obama and key members of Congress see emissions reductions as a necessary step after years of inaction.  Earlier this month, a coalition of corporations and environmental groups that includes the DuPont Co. offered its own input: a 24-page proposal outlining a model regulatory scheme. The document describes a “cap-and-trade” program, in which emissions from greenhouse gas-intensive sectors would be capped at a certain level and companies would receive allowances to release the gases.  Companies who cut emissions below the capped level could sell their allowances on an open market. The goal would be to slash emissions 80 percent by 2050, compared with 2005 levels.  “We’re quite confident that it’s something that the U.S. and global economies can do in a very manageable way, and if done carefully, create some new market opportunities,” said Michael Parr, senior manager of government affairs for DuPont, a founding member of the U.S. Climate Action Partnership (US CAP). Read more

Jan

17

Cap and Trade makes Strange Bedfellows

Filed Under Carbon Credits, Carbon Offsets, Carbon Tax, Chicago Climate Exchange, National Carbon Cap and Trade, Obama, US Carbon Cap and Trade, Western Climate Initiative | Comments Off

The USCAP presentation got a lot of attention based on the amount of press coverage Ive seen over the past few days.  What I find so funny about this situation is that you have these large industrial companies endorsing a policy that would likely increase their costs down the road, and you have the Republicans complaining about these large companies asking for a cap and trade.  So basically we have the Democrats and the large, polluting industrial companies they’ve complained about as allies on one side, and the Republicans on the other side.  Whats that saying, “politics makes strange bedfellows!”

US Cap and Trade or Carbon Tax?

Western Climate Initiative

Carbon Credits / Chicago Climate Exchange

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