R.I.P.: Al Gore’s Chicago Climate Exchange Has Died

November 8, 2010



November 7, 2010 9:45 A.M.
By Greg Pollowitz

Steve Milloy at PajamasMedia writes:

Global warming-inspired cap and trade has been one of the most stridently debated public policy controversies of the past 15 years. But it is dying a quiet death. In a little reported move, the Chicago Climate Exchange (CCX) announced on Oct. 21 that it will be ending carbon trading – the only purpose for which it was founded – this year.

Although the trading in carbon emissions credits was voluntary, the CCX was intended to be the hub of the mandatory carbon trading established by a cap-and-trade law, like the Waxman-Markey scheme passed by the House in June 2009.

At its founding in November 2000, it was estimated that the size of CCX’s carbon trading market could reach $500 billion. That estimate ballooned over the years to $10 trillion.

read more

http://www.nationalreview.com/planet-gore/252703/rip-al-gores-chicago-climate-exchange-has-died-greg-pollowitz?sms_ss=facebook&at_xt=4cd7e57b03788a08%2C0

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One Response to “R.I.P.: Al Gore’s Chicago Climate Exchange Has Died”

  1. casuist Says:

    The mighty CCX will live on the annals of magnificently horrible ideas based on the hoax-science combined with the best of naive intentions innocent of even the slightest trace of critical thought.


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