Ozone Depleting Substance Destruction Offsets

CCX has developed simple, standardized rules for issuing Carbon Financial Instrument® (CFI™) contracts for projects engaging in the destruction of ozone depleting substances. CFI contracts are issued on the basis of the global warming potential of the ozone depleting substance destroyed.

Basic Specifications:

Ozone depleting substance projects undertaken on or after January 1, 2007 may qualify.
Eligible projects must not be required by law.
Qualifying projects may earn offsets during the years 2007-2010.
Project proponents must demonstrate clear ownership of the emission reductions from the destruction of ozone depleting substances.
All destructions must take place at a destruction facility in conformance with relevant operating and performance requirements.
All projects must be independently verified by a CCX-Approved Verifier.

Related Documents

Chicago Climate Exchange Offset Project Protocol:
Ozone Depleting Substances Destruction