Chicago Climate Exchange shuttering emissions trading

The Chicago Climate Exchange will be shutting down at the end of the year. This was due to many factors, one such is the lack of interest of passing cap and trade laws in the US. This is not good news for cap and trade proponents as it will nearly end the trading of emissions [...]

U.S. exchange’s CO2 cap-and-trade to end: report

According to Reuters, “The United States’ only national carbon trading scheme could be shut down within months because of stalled emissions trading laws in Congress, the Financial Times newspaper on Tuesday quoted a senior exchange official as saying. The Chicago Climate Exchange (CCX) operates what it calls a voluntary but legally binding greenhouse gas emissions [...]

ICE cuts staff at Chicago Climate Exchange: sources

According to Reuters, “Market operator Intercontinental Exchange Inc. is laying off staff at newly acquired U.S. environmental bourse the Chicago Climate Exchange (CCX), industry sources told Reuters, citing a lack of U.S. action on climate change. They said the first round of layoffs began on July 23 and, although the total number of jobs to [...]

U.S. carbon market growth seen without climate bill

According to Reuters, “Voluntary carbon markets in the United States will grow especially at the regional level even if a stalled federal climate bill fails to impose “cap and trade” on American industry, the chairman of the Chicago Climate Exchange (CCX) said on Tuesday. “I think we will continue to see interest in voluntary carbon [...]