Verifying Emissions — Lessons from the CCX

Richard L. Sandor

Chapter 59 in How I Saw It:Analysis and Commentary on Environmental Finance (1999–2005), 2017, pp 248-252 from World Scientific Publishing Co. Pte. Ltd.

Abstract: Any emissions trading system relies on three pillars: overall registries, targets to allow the transfer of allowances, and a process to verify participants’ emissions. Now that the European Union (EU) Emissions Trading Scheme (ETS) has completed the allocation of allowances, and with progress under way on its registry systems, we felt it would be timely to share some of the lessons learnt in developing the verification process at the Chicago Climate Exchange (CCX)…

Keywords: Environment; Emissions; Trading; Finance; Derivatives; Water; Energy; Carbon; Catastrophe; Weather; Sustainability; Fisheries; Greenhouse Gases; Sulfur Dioxide; Acid Rain (search for similar items in EconPapers)
JEL-codes: Q50 (search for similar items in EconPapers)
Date: 2017
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