India Climate Exchange™ (ICX™)

Chicago Climate Exchange® (CCX®), the world’s first global greenhouse gas emission reduction and trading system, and the only such system in North America, is launching an initiative to establish the first pilot greenhouse gas emissions trading program in India—the India Climate Exchange (ICX). The goal of this effort is to enable entities in India to become involved in greenhouse gas reductions integrated with emissions trading, for the purposes of climate change mitigation, institution building and social development.

To further this goal, an ICX Technical Design Committee and Advisory Board is being formed. Dr. R.K. Pachauri, Chairman of the IPCC and head of TERI, has agreed to serve as the Advisory Board’s Honorary Chairman. In addition other Board members include Deepak Chopra, Chairman of the Chopra Center For Wellbeing and Jonathan Lash, President of the World Resources Institute.

Following the example set by CCX, the India Climate Exchange will be designed through a consensus process by concerned India-based enterprises, enabling them to determine the most cost effective greenhouse gas mitigation measures, which will in turn, lead to better strategic management of energy costs, new products, and new sources of revenue, job creation and poverty alleviation.

Participants who have committed to be part of the ICX Technical Design Committee include leading corporatations and think-tanks:

Automotive
Ford India
Tata Motors

Chemicals
BASF India
Dow Corning
Rhodia India
Tata Chemicals

Cement
Grasim Industries

Diversified Manufacturing
Godrej Industries
ITC
Reliance Industries

Energy and Power
Lanco Power
Reliance Power (Reliance ADA Group)
Sun group International
Tata Power

Pharmaceuticals
Baxter International

Research and Policy Institutions
Petroleum Conservation Research Association
Tamil Nadu Agricultural University
The Energy Resources Institute

Renewable Energy
Indowind Power
Suzlon/ Senergy Global

Sugar
Coramandel Sugars

Technology
IBM India
Motorola India