World carbon standards to "relax" -CCX head

Business Feed Article | Business | guardian.co.uk

NEW YORK, Sept 11 (Reuters) - World greenhouse gas markets probably will relax their notions of what constitutes a carbon credit to encourage more people to reduce emissions of planet-warming gases, the head of the Chicago Climate Exchange (CCX) said in an interview.
CCX Chairman and Chief Executive Richard Sandor said he favors granting carbon credits to clean projects, such as maintenance and planting of trees, even if the actions occurred years earlier, in some cases before carbon markets existed.
...
The CCX, run by Britain's Climate Exchange Plc, has more than 350 members including companies, nonprofit organizations, and cities. Members sign a legally binding pledge to cut emissions. If they cannot do so, they must buy credits over the exchange, either from other members or from offset projects.
Credits on the CCX, at $2.50 a tonne, are far cheaper than those in European Union of about $31.70 a tonne, where a mandatory market has operated since 2005.

Note that bogus carbon offsets are available FREE here.