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 and other greenhouse gases (GHGs) result from the on-site combustion of fossil fuels to power industrial operations and gasoline to operate vehicle fleets. Carbon dioxide and other GHGs produced as a byproduct of chemical reactions during an industrial process are also included.
CCX members commit to an annual emission-reduction schedule for primary emitting activities. In 2010, the CCX emission-reduction requirement is 6% below 2000 levels. Members that reduce emissions beyond annual requirements can sell surplus CCX CFI contracts.
The existing CCX CFI futures contract will continue to allow for delivery of any CCX CFI contract, including domestic and international emission reductions and project-based offsets.
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