The Chicago Climate Exchange is one of the coolest, and boldest, ideas to combat global climate change that I’ve seen in years. It has essentially created a market in buying and selling CO2 emissions, that is, a cap and trade system.
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.
And it isn’t just big companies participating (though they are: Ford, DuPont, Rolls-Royce, etc). Here’s a list of Universities participating:
It would be interesting to see if Portland State University would consider hopping on board.