CCX Members commit to reduce their greenhouse emissions a minimum of 4% below annual average of 1998-2001 by 2006 and 6% by 2010, depending on membership Phase. Reductions achieved through CCX are the only reductions in North America being achieved through a legally binding compliance regime. AGL’s commitments are based around emissions from our equity stake in the Loy Yang A power station in Victoria and the Torrens Island power station in South Australia.
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The Chicago Climate Exchange is the largest such exchange in the world and traded in excess of 10.5 million tonnes of abatement in 2006. AGL joins global companies such as Sony, Ford, Motorola, IBM, Rolls Royce and American Electric Power as a member. |
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By becoming a member of the CCX we will be able to take advantage of a portfolio of highly efficient generation and trade allowances with other companies around the globe seeking to reduce their own carbon footprint. AGL is able to access the global buyers for its many carbon offset projects |
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