CTI Paper USA has joined the Chicago Climate Exchange (CCX), a voluntary but legally binding integrated trading system designed to reduce greenhouse gases (GHGs) with offset projects worldwide.
"By joining the CCX, CTI will be able to meet its internal commitment to reduce GHGs by offsetting 100 percent of the emissions associated with the production of its premium specialty papers, ASPIRE Petallics and Currency," says the paper distribution and sales company in a news release.
CCX participants include businesses, organizations or individuals who wish to offset a pre-specified number of tons of GHGs associated with their activities. CCX exchange participants establish a CCX registry account for the purpose of acquiring and retiring CCX Carbon Financial Instrument (CFI) contracts, the CCX tradable commodity.
