CCX Congratulates the President-Elect
President-Elect Obama's Statements on Cap-and-Trade To Date
“To deal directly with climate change, something we failed to do in the last energy bill, we should use a market-based strategy that gradually reduces harmful emissions in the most economical way…Right here in Chicago, the Chicago Climate Exchange is already running a legally binding greenhouse gas trading system.”
Barack Obama (D-IL), April 3, 2006
“I will implement a market-based cap-and-trade system to reduce carbon emissions by the amount scientists say is necessary: 80% below 1990 levels by 2050. I will start reducing emissions immediately by establishing strong annual reduction targets with an intermediate goal of reducing emissions to 1990 levels by 2020.
I will restore U.S. leadership in strategies for combating climate change and work closely with the international community. We will re-engage with the U.N. Framework Convention on Climate Change, the main international forum dedicated to addressing the climate change problem.”
Barack Obama (D-IL), Science Debate 2008, September 20, 2008
