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- W2484670638 abstract "Every year seemed to pose a hurdle for Chicago Climate Exchange (CCX). The design committee for CCX had grown to 54 members and in January, the very first meetings were held in Chicago. The final report summarizing the features of CCX was also prepared and a final Chicago Accord was drawn up, which codified the details of CCX in the private-sector equivalent of an enabling legislation. CCX would serve as a cost-effective mechanism for achieving price discovery and developing and disseminating market data in spite of variation in the methods, locations, and timing of emission reductions. Richard Sandor hoped to not only encourage improved emissions management, but also facilitate trading with low transaction costs. He planned to develop a market architecture that rewarded innovative technology and management and simultaneously encouraged sustainable farming and forestry practices. Once the infrastructure was established, the exchange would seek to harmonize and integrate with other international or sovereign trading regimes." @default.
- W2484670638 created "2016-08-23" @default.
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- W2484670638 date "2012-01-02" @default.
- W2484670638 modified "2023-09-23" @default.
- W2484670638 title "CCX Market Architecture" @default.
- W2484670638 doi "https://doi.org/10.1002/9781119201069.ch17" @default.
- W2484670638 hasPublicationYear "2012" @default.
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