Chicago Climate Exchange live in Octoberwith contract sale

Trading was originally due to start in the second quarter of 2003, but technicalproblems are believed to have hindered CCX’s development, say market participants.

The exchange has also been slow to gain traction, partly because the US has noplans to impose formal controls on carbon dioxide emissions. CCX hopes eventuallyto host allowance trading for CO2, methane, nitrous oxide, perfluorocarbons,hydrofluorocarbons and sulphurhexafluoride.

Fourteen major North American firms – or North American

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