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Opalesque Exclusive: Chicago Climate Exchange surpasses 2007 year-end total volume of carbon contracts From Kirsten Bischoff, New York: Chicago Climate Exchange (CCX) and Chicago Climate Futures Exchange (CCFE) announced this week that 2008 year-to-date total trading volume for Carbon Financial Instrument contracts on the exchange has already surpassed the 2007 year end total. Full press release: Source

The rise in volume and pricing of carbon futures has been attributed to the US presidential campaign and the fact that all three candidates support setting a cap on US greenhouse gas emissions.

However, this week the CCX was criticized in a report released by the environmental publishing company Environmental Data Services (EDS), and listed as one of the three credit providers that offset buyers should avoid. “[The Chicago Climate Exchange] is a well intentioned scheme, but the criteria for the issuing of credits aren’t as tough as the UN Clean Development Mechanism or Verified Emission Reduction schemes with third party standards” said Tejas Ewing, author of the report.

Environmental studies such as this may not be influential on those purchasing Carbon Financial Instruments (CFIs) in what appears to be a raging bull market (“Super Tuesday prices were $1.90 for carbon and once it became clear that......................

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