Friday, February 19, 2010

The Center's Carbon Mercantile Exchange (CMX)

The Center for Environment, Commerce & Energy's Carbon Mercantile Exchange (CMX) is a service that allows clients to trade carbon dioxide, methane, sulfur dioxide, nitrogen oxides, and mercury. Participants can reduce their "emission footprint," the total emissions created by driving, flying, usnig electricity and other activities, by utilizing the service. CMX can be used to complement other emissions offset programs. CMX is easy to use and fully transparent. All transactions are open for public review.

CMX is a free service to users and is supported by the Carbon Dioxide Reduction (CDR) Program and the Green Carbon Bank (GCB). The CDR Program is designed to reduce emissions of the primary greenhouse gas from vehicles by promoting the use of broadband telecommuting to take vehicles off of the road. The GCB promotes the creation of new sources of emission-free electricity. These offsets are for new sources of emission free production of electricity. In addition to carbon dioxide, offsets can be taken for methane, sulfur dioxide, nitrogen oxides and mercury.

The CMX is a free on-line emissions offset clearinghouse service. Our mission is to promote verifiable reductions in greenhouse and smog-forming gases. The service is open to everyone. It is a market-based system that will rely on the goodwill of the participants to conduct honest trades. Ultimately, we hope the service will be a dynamic portal that will serve as a gateway for innovative emissions reductions. We hope participants will use the service often. We hope that CMX will be one part of a global effort to reduce global climate change and smog in our cities.

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