CCX launches new offset contract

The Chicago Climate Exchange (CCX) announced details of two new contracts on Friday, covering certain types of US offset and direct emission cuts taken in the US.

The Carbon Financial Instrument United States Offset (CFI-US-O) contract is tied to offset projects in the following areas: agricultural methane collection and combustion, continuous conservation tillage and conversion to grassland soil carbon sequestration, sustainably managed rangeland soil carbon sequestration, and forest carbon sequestration.

The Carbon Financial Instrument EA futures contract covers industrial direct emissions reductions made in the US. Direct emissions of carbon dioxide

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