Emissions trading offers an economically efficient means for achieving environmental objectives. The implementation of caps on emissions and tradable allowances fosters flexibility by sending a price signal to polluters and innovators, allowing the economy to identify or create the most cost effective compliance options.
The underlying markets for CCFE's emission products fall under one of two categories: those based on existing regulatory requirements at the state or federal level and those based on voluntary measures to reduce air emissions.
Chicago Climate Futures Exchange (CCFE) announced plans to wind down operations in August of 2011. Effective as of February 28, 2012 there is no remaining open interest in contracts at CCFE and all contracts have been delisted.