This is an excerpt from EERE Network News, a weekly electronic newsletter.

February 04, 2004

Voluntary U.S. Greenhouse Gas Reductions Increased in 2002

More than 228 U.S. companies and other entities voluntary cut the equivalent of 265 million metric tons of carbon dioxide emissions in 2002, according to the DOE's Energy Information Administration (EIA). The entities also took actions that indirectly avoided the equivalent of 79 million metric tons of carbon dioxide emissions, while sequestering 7 million metric tons of carbon dioxide. In addition, reductions equal to 17 million metric tons of carbon dioxide were reported via a form that doesn't distinguish between direct and indirect emissions cuts. Altogether, the 2,027 voluntary projects represent 3.9 percent of all U.S. greenhouse gas emissions, up from 3.2 percent in 2001. EIA summarized the results in its report, "Voluntary Reporting of Greenhouse Gases 2002," released on January 30th. See the EIA press release, or go directly to either the summary report (PDF 120 KB) or the full report (PDF 1.0 MB). Download Acrobat Reader.

Meanwhile, the Chicago Climate Exchange (CCX)—billed as the world's first multinational and multi-sector market for reducing and trading greenhouse gas emissions—announced on February 2nd that its January trading volume was 82,800 metric tons of carbon dioxide, more than double the trading volume in December 2003. According to the CCX, more participants traded greenhouse gas emissions in January, and they exchanged larger lots. See the CCX press release (PDF 13 KB).