POSTED: Monday December 22nd 2008
FOR IMMEDIATE RELEASE

CHICAGO 2016 JOINS THE CHICAGO CLIMATE EXCHANGE

Olympic bid committee demonstrates commitment to climate action and towards creating environmental legacy

CHICAGO (December 22, 2008) – Chicago 2016 has recently joined the membership of the Chicago Climate Exchange (CCX), the world’s first and North America’s only greenhouse gas emission registry, reduction and trading system. Through its association with CCX and its members, Chicago 2016 will learn best practices for monitoring energy use and business travel, as well as how to measure and report greenhouse gas emissions. The membership also further demonstrates Chicago 2016’s commitment to climate action and is a step towards creating an environmental legacy for generations to come.

“As a Candidate City, one of our missions is to encourage support for environmental issues and promote sustainable development in sport,” said Patrick G. Ryan, chairman and CEO of Chicago 2016. “By joining CCX as a bid city, we are demonstrating that we are environmentally sensitive, and we will continue these efforts should we be chosen as Host City for the 2016 Games.”

Under its commitment to CCX, Chicago 2016 will be audited to determine its total greenhouse gas emissions. The audit covers businesses operations, total company air travel, automobile use and shipping operations. Chicago 2016’s membership with CCX advances its effort to support environmental issues and promote sustainable development in sport.  This knowledge demonstrates Chicago 2016’s ongoing commitment to the Chicago business community and the Olympic Movement.

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About Chicago 2016
Chicago 2016 is a 501(c)(3) corporation whose mission is to seek the privilege of hosting the 2016 Olympic and Paralympic Games in Chicago. The committee’s board consists of business, civic, athletic, cultural and academic leaders representing Chicago and the surrounding Midwest region. Patrick Ryan serves as the organization’s chairman and CEO.

About the Chicago Climate Exchange® Inc.
CCX is a financial institution whose objectives are to apply financial innovation and incentives to advance social, environmental and economic goals. CCX is the world’s first and North America’s only legally binding rules-based greenhouse gas emissions allowance trading system, as well as the world’s only global system for emissions trading based on all six greenhouse gases. CCX members are leaders in greenhouse gas management and represent all sectors of the global economy, as well as public sector innovators. Reductions achieved through CCX are the only reductions in North America being achieved through a legally binding compliance regime, providing independent third party verification provided by NASD and price transparency. The founder, Chairman and CEO of CCX is economist and financial innovator Dr. Richard L. Sandor, who was named a Hero of the Planet by Time magazine for his founding of CCX. For a full list of CCX members, daily prices and other Exchange information, visit www.chicagoclimateexchange.com.

Chicago Climate Futures Exchange (CCFE), a wholly-owned subsidiary of CCX, is the world\‘s first and leading environmental derivatives exchange. CCFE currently offers standardized and cleared Sulfur

Financial Instrument (SFI) futures and options contracts and Nitrogen Financial Instrument (NFI-OS) futures contracts based on mandatory cap and trade programs created under the Clean Air Act Amendments of 1990. CCFE has traded over two million SO2 allowances in its futures market, making it the world\‘s largest exchange for trading criteria pollutants. Market participants are able to secure price transparent, standardized futures and options contracts on an anonymous electronic trading platform. The availability of effective hedging tools offered on CCFE, including prompt and deferred years for both futures and options has increased liquidity while easing volatility in the SO2 market.

CCX, a US corporation, launched its trading platform in 2003. In 2005, CCX launched the European

Climate Exchange (ECX), now the leading exchange operating in the European Union Emissions Trading Scheme. Since 2006, both CCX and ECX have been owned by Climate Exchange Plc, a publicly traded company listed on the AIM of the London Stock Exchange.

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Keywords · Chicago 2016 · olympic bid · Chicago Climate Exchange (CCX

Name: Mica Matsoff
Organization: Chicago 2016 Olympic Bid
Email:
Phone: 1.312.861.4826
URL: http://www.chicago2016.org/

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