Chicago 2016 has joined the Chicago Climate Exchange (CCX), the world’s first and North America’s only greenhouse gas registry, reduction and trading system, to learn best practices for monitoring energy use and business travel, as well as how to measure and report greenhouse gas emissions.
The CCX is a financial institution whose objectives are to apply financial innovation and incentives to advance social, environmental and economic goals. According to a press release it’s the world’s first and North America’s only legally binding rules-based greenhouse gas emissions allowance trading system, as well as the world’s only global system for emissions trading based on all six greenhouse gases.
Patrick G. Ryan, chairman and CEO of Chicago 2016, said in the press release, “as a candidate city, one of our missions is to encourage support for environmental issues and promote sustainable development in sport. By joining CCX as a bid city we are demonstrating that we are environmentally sensitive, and we will continue these efforts should we be chosen as host city for the 2016 Games.
In its commitment to CCX Chicago 2016 will be audited to determine its total greenhouse gas emissions. The audit covers business operations, total company air travel, automobile use and shipping operations.
The bid committee’s membership with CCX advances its effort to support environmental issues and promote sustainable development in sport, said the press release. This knowledge demonstrates Chicago 2016’s ongoing commitment to the Chicago business community and the Olympic Movement.