Does anyone know anything about the organization Chicago Climate Exchange? I found their website and just wondered if anyone has any info about them.

From their overview page: "Chicago Climate Exchange (CCX) operates North America’s only cap and trade system for all six greenhouse gases, with global affiliates and projects worldwide.

"CCX Members are leaders in greenhouse gas (GHG) management and represent all sectors of the global economy, as well as public sector innovators. Reductions achieved through CCX are the only reductions made in North America through a legally binding compliance regime, providing independent, third party verification by the Financial Industry Regulatory Authority (FINRA, formerly NASD). The founder and chairman of CCX is economist and financial innovator Dr. Richard L. Sandor, who was named a Hero of the Planet by Time Magazine in 2002 for founding CCX, and in 2007 as the 'father of carbon trading.' "

Take a look at their directors: http://www.chicagoclimatex.com/content.jsf?id=67



http://www.chicagoclimatex.com/content.jsf?id=821

Originally Posted by bkcunningham1

Does anyone know anything about the organization Chicago Climate Exchange? I found their website and just wondered if anyone has any info about them.

From their overview page: "Chicago Climate Exchange (CCX) operates North America’s only cap and trade system for all six greenhouse gases, with global affiliates and projects worldwide.

"CCX Members are leaders in greenhouse gas (GHG) management and represent all sectors of the global economy, as well as public sector innovators. Reductions achieved through CCX are the only reductions made in North America through a legally binding compliance regime, providing independent, third party verification by the Financial Industry Regulatory Authority (FINRA, formerly NASD). The founder and chairman of CCX is economist and financial innovator Dr. Richard L. Sandor, who was named a Hero of the Planet by Time Magazine in 2002 for founding CCX, and in 2007 as the 'father of carbon trading.' "

Take a look at their directors: http://www.chicagoclimatex.com/content.jsf?id=67



http://www.chicagoclimatex.com/content.jsf?id=821

I would have to dig a little bit to be sure but think that Fannie Mae or Freddie Mac had either applied for the patent or bought the software that will be used to run the exchange operation. try this link for starters. used a Google search of 'Climate Exchange Software'
http://freerepublic.com/focus/f-news/2519409/posts

I have heard that CCX stands to make trillions from cap & trade. Obama is involved. Beck did a whole program on it.

Yoda

When Gore and his wife get their divorce who will get the carbon credits he has accumulated?

Originally Posted by cashman

When Gore and his wife get their divorce who will get the carbon credits he has accumulated?

I heard she was after half the Internet.

You know, I might me more ameliorable to the idea of carbon credits if people were more up-front as to where the damn money goes.

I, personally, wouldn't have a problem with the idea of taking extra revenues from 'dirty' sources to hgelp lower the costs of clean ones. As it is, being one of the 'early adopters' in technology, I know well about paying more for certain technologies when they're young. If not for the 'early adopter', the rest of the world would never be able to afford the advances in, say, computers that we now take for granted.

But you never really hear of where the money goes. And isn't the old canard: "Follow the money"?

The Chicago Cliimate Exchange is a business. Plain and simple. The profits go to the investors and shareholders.
From their website:

Climate Exchange plc (CLE) is a company listed on the AIM section of the London Stock Exchange. The CLE group is principally engaged in owning, operating and developing exchanges to facilitate trading in environmental financial instruments, including emissions reduction credits, designed to support and lower the economic costs of achieving environmental objectives.

Climate Exchange plc has three core operating businesses: European Climate Exchange (ECX) which operates an exchange that focuses on compliance certificates for mandatory European Emissions Trading Scheme ("EU ETS"), Chicago Climate Exchange (CCX ) which operates the world’s first voluntary, but contractually binding cap and trade system for greenhouse gas emissions reductions and Chicago Climate Futures Exchange (CCFE), a regulated exchange in the U.S. with a growing portfolio of environmental futures contracts.

In addition, Climate Exchange plc is also investing in new product development such as IFEX and in other geographic regions including:

China
Canada
Australia

http://www.climateexchangeplc.com/

Do a little reading on your own and follow the money of this business.