Texas Climate & Carbon Exchange (TCCX) is an emissions offsets mercantile dedicated to global trading of carbon offsets and credits for cities, corporations, utilities and individuals in exchange for hard currency, credit, goods and services.
TCCX was established in 2011 as both a voluntary greenhouse gas reduction and offset trading program, as well as a cap and trade offset trading program. TCCX will help businesses, industries and individuals to monetize their voluntary emissions reductions efforts, while preparing for potential regulation at the local, statewide, national and international levels.
The TCCX voluntary system provides a means for businesses to quantify the true impact of industry’s effect on our climate, while realizing the economic advantages of adopting environmentally friendly business practices. Cap and trade has not been legislated yet in many markets; however, competitive branding in this era of social networking marketing demands environmentally friendly corporate incentives.
By establishing a market-based price for reducing emissions of carbon and other greenhouse gases, TCCX facilitates investment in new technologies and innovative products. This helps companies to build their brands, while developing the skills and institutions needed to manage environmental risks.
Commodities traded on the TCCX include carbon offsets, renewable energy credits, emissions allowances and other environmental attributes.