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The Chicago Climate Exchange™ (CCX) employs independent verification throughout its greenhouse gas (GHG) reduction and trading system to guarantee transparency, rigor and integrity, and to provide Members with standardized procedures for managing GHGs.
Upon project approval by the Committee on Offsets, a project owner or aggregator must obtain independent verification by a CCX approved verifier. Verifiers use information provided by the project owner or aggregator, combined with potential site visits, to accurately assess a project’s actual, annual GHG sequestration or destruction. An offset project is subject to initial verification, as well as annual verification for the duration of its enrollment in CCX. Verification reports are reviewed by CCX staff as well as the CCX provider of regulatory services, FINRA, for completeness. If the project’s performance has already been assessed by an independent organization that is not already a CCX approved verifier, that documentation may be used to support the CCX verification, subject to approval. The original verifier would need to qualify as a CCX verifier we strongly encourage you to check out some of the verifying entities.
The Carbon Company believes in transparency so check out the individual offsets you have made. As well as our purchases of offsets to stay in balance “don’t forget to check out our receipt. Transparencies are updated monthly and balanced out when general pool of offsets are at an adequate level. This is done in order to keep our prices low and because it is difficult to purchase carbon offsets in increments less than 50,000 tons by pooling offsets it gives us all a competitive advantage that is passed on to our consumers in the form of lower prices.
We would like you to check our books. Carbon Company Transparency.