Pennsylvania Recycling Markets Center Recognized as Associate Member of Chicago Climate Exchange

In a precedent setting endeavor, The Pennsylvania Recycling Markets Center (RMC) announces membership in the Chicago Climate Exchange (CCX), the world’s first and North America’s only voluntary, legally binding integrated greenhouse gas emissions reductio
The RMC is the first recycled markets development organization to join CCX. In support of processes that utilize recycled materials, the RMC realizes the many carbon emission reduction benefits that can result and is leading demonstration of commitment to the same. As a result of becoming an Associate Member of the Chicago Climate Exchange (www.chicagoclimatex.com), the Pennsylvania Recycling Markets Center will annually inventory and report its indirect emissions to CCX to verify and audit. Reporting requirements include vehicle use, air travel, as well as business operations. Once the verification process is complete and total emissions are confirmed, RMC is required to purchase and retire CCX Carbon Financial Instrument® (CFI) contracts through the CCX trading platform to fully offset the indirect emissions it produces annually. The intent of the Pennsylvania Recycling Markets Center is to assist existing recycled materials processors and manufacturers to define protocols and pathways to tradable carbon credits. The unique opportunity to potentially trade carbon credits could further strengthen economic, environmental, and social sustainability of recycling. To scope recycled materials processes for carbon emission reduction opportunity, the Pennsylvania Recycling Markets Center has partnered with Environmental Credit Corporation (ECC) (www.envcc.com), State College, PA. Environmental Credit Corporation’s President, Scott Subler, says, “RMC is taking a leadership role in introducing Pennsylvania recyclers to rapidly developing opportunities in the carbon market. We’re excited to be working with them on this important issue.” The partnership between RMC and ECC is to investigate carbon emiss