Chicago Climate Exchange (CCX) - Definition, glossary, details

This is the US first scheme for trading greenhouse gases in open market. CCX was established in 2003 as a voluntary greenhouse reduction program and offset trading program. The participants in this trading platform include major corporations, financial institutions with activities in all 50 states of USA, 6 provinces of Canada and 16 countries. The commodity traded on CCX is the carbon financial instrument contract which represents 100 metric tons of CO2 equivalents. Allowances are issued to members in accordance with their emission baseline and reduction schedule. Offsets are generated by the projects qualified/eligible for carbon offset. The nation’s first effort in carbon emissions cap and trade has come to an end as the second commitment period to member companies of the Chicago climate exchange ended in 2010. But the effect of this effort would be felt for a long time.

Other Terms

Carbon capture and storage Carbon sink Carbon Sequestration
Clean Development Mechanism Climate Change Carbon Credits
Carbon Trading Cap and Trade Carbon Footprint
Carbon Offset CO2 Scrubber Chemical Absorption
Cogeneration Certified Emission Reduction (CER) Coal Bed Methane (CBM)
Carbon Cycle Carbon Tax Clathrate Gun Hypothesis
Canadian Sedimentary Basin Carbon dioxide Fertilization Carbon dioxide Equivalent
Carbon Intensity Clean Coal technology Carbon Emission Reduction Target (CERT)
Combined Cycle Gas Turbine (CCGT) Corporate Social Responsibility (CSR) Carbon Market
Conference of Parties (COP) Carbon Allowance Carbon Offset
Cap Rock Chloroflurocarbons (CFCs) CO2 migration
Carbon Adsorbent California Climate Action Registry (CCAR) Carbon Financial Instrument (CFI) contract
Carbon leakage Carbon Neutral Climate Feedback
Climate lag Coal Mine Methane Carbon Accounting
Coal Gasification Carbon Price Carbon Calculation

Power Plant CCS - Glossary

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