Categories
Company, Investors, Sustainable Development
15-03-2007
Masisa joined The Chicago Climate Exchange
Masisa is a Latin American pioneer to join this exchange
- Masisa commits itself to reduce the greenhouse gas emissions by 6% by 2010.
- The Chicago Climate Exchange is the first world’s carbon credit exchange.
Santiago, March 15, 2007.- Masisa, a leading company in the production and marketing of particleboards for furniture and interior design in Latin America, joined the Chicago Climate Exchange (CCX), the first multi-sectorial carbon credit exchange in the world, voluntary and legally binding to reduce global warming.
By joining the CCX, Masisa agrees to reduce its greenhouse gas emissions by 6% by 2010.
“Masisa has committed itself to address the climate change issue with material actions that will help mitigate its effects. The inclusion in the CCX is part of this initiative and I see it as a clear business opportunity for the company, since it is within our forest expansion plan, it drives us to continuous improvement in terms of energetic efficiency and helps us participate in the global carbon credit market”, stated Enrique Cibie, Masisa’s Corporate General Manager.
Likewise, Richard L. Sandor, CCX’s President and CEO pointed out, “we are very proud to welcome Masisa, a leading company in terms of sustainable management in the forestry business. We hope to work jointly with the company and receive a positive contribution from them in CCX ‘s evolution and development. Masisa as a Latin American pioneer to join this exchange, it takes a leading position in the world debate on global warming.”
About Chicago Climate Exchange, Inc.
CCX is the first world carbon credit exchange and is the only voluntary emissions trading system in United States. It is the only global emissions trading system for the 6 types of greenhouse gases and the rules governing this system are legally binding for the members.
To date, nearly 20 million tons of CO2 have been sold through CCX. In 2004, the first full-sale year, the exchange volume reached 2.25 million tons, whereas in 2006, this figure increased to 10.3 million tons. As of March 2007, 5.9 million tons of CO2 have been traded. The price has increased from less than US$0.90/ton in 2003 to its current value of US$ 4.00/ton.
The number of organizations that take part in the CCX has increased from the 14 founding members in 2003 to approximately 50 adhering organizations and nearly 200 associates at present. These members are the current leaders in greenhouse gas management representing all sectors of the global economy as well as innovating organizations from the public sector. The reductions obtained through CCX are subject to a legally binding compliance regime and have been externally audited by NASD (National Association of Security Dealer) and price transparency.
Among CCX’s adhering companies are Ford, Dupont, Motorola, IBM, Bayer and Masisa. To obtain the complete list of CCX’s member companies, daily prices and program details, visit www.chicagoclimateeschange.com. CCX is a subsidiary that fully belongs to the Climate Exchange Plc, a company registered in the AIM Market of the London Stock Exchange. Climate Exchange Plc is also the owner of European Climate Exchange, leader in Europe in terms of exchange and trading of carbon dioxide (CO2).