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CTI Paper USA Joins the Chicago Climate Exchange
CTI Paper USA has joined the Chicago Climate Exchange® (CCX®), the world's first and North America's only active voluntary, legally binding integrated trading system to reduce all six greenhouse gases with offset projects worldwide. Global climate change is one of the most pressing environmental issues facing our world and future generations. Climate change is associated with the direct and indirect emission of greenhouse gases (GHGs), primarily through combustion of carbon-based fossil fuels. By joining the CCX, CTI will be able to meet its internal commitment to reduce GHGs by offsetting 100% of the emissions associated with the production of some of its premium specialty papers, in effect making them carbon neutral. ASPIRE Petallics is one of CTI's brands that's manufactured carbon neutral.
CCX Exchange Participants include businesses, organizations or individuals who wish to offset a pre-specified number of tons of GHGs associated with various activities, conferences, special events, or business activities, usually by offsetting electricity purchase or travel related to the activity. CCX Exchange Participants establish a CCX Registry Account for the purpose of acquiring and retiring CCX Carbon Financial Instrument® (CFI®) contracts, the CCX tradable commodity. By opening a CCX Registry Account, CCX Exchange Participants are able to purchase and permanently retire CFI contracts through the verified system of CCX.
About Chicago Climate Exchange
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."
CCX emitting Members make a voluntary but legally binding commitment to meet annual GHG emission reduction targets. Those who reduce below the targets have surplus allowances to sell or bank; those who emit above the targets comply by purchasing CCX Carbon Financial Instrument (CFI) contracts. For more information, visit www.chicagoclimateexchange.com