Carbon Credits - are used to offset Greenhouse Gas Emissions (GHG). Flett Exchange is a broker of carbon emissions and is active in the compliant and voluntary markets. Our comprehensive understanding of carbon credits can be helpful to any firm looking to neutralize its carbon footprint. Flett Exchange is a participant of the Chicago Climate Exchange (CCX) and the Regional Greenhouse Gas Initiative (RGGI).
"The Regional Greenhouse Gas Initiative (RGGI) is the first mandatory, market-based effort in the United States to reduce greenhouse gas emissions. Ten Northeastern and Mid-Atlantic states have capped and will reduce CO2 emissions from the power sector 10% by 2018." Our skilled team of carbon professionals can add value and expertise to firms seeking guidance on emissions trading.
The State of California is also establishing a mandatory Cap & Trade Program. Assembly Bill 32: Global Warming Solutions Act was passed in 2006 and set 2020 greenhouse gas emissions reduction goal into law. The program is directed by the California Air Resources Board (CARB) and developing a scoping plan for state emissions to be reduced to 1990 levels by 2020. California has a working relationship with the state members of the Western Climate Initiative to establish a regional emissions trading program.