Kyoto Protocol the UNFCCC to reduce the onset of global warming by reducing greenhouse gas concentrations in the atmosphere to "a level that would prevent dangerous anthropogenic interference with the climate system" (Article 2). The Kyoto Protocol applies to the six greenhouse gases listed in Annex A: Carbon dioxide (CO2), Methane (CH4), Nitrous oxide (N2O), Hydrofluorocarbons (HFCs) Perfluorocarbons (PFCs) and Sulphur hexafluoride (SF6). The Protocol is based on the principle of common but differentiated responsibilities: it acknowledges that individual countries have different capabilities in combating climate change, owing to economic development, and ergo puts the obligation to reduce current emissions on developed
Chicago Climate Exchange were intended to still be facilitated. Until July 2010, CCX was operated by the public company Climate Exchange PLC, which also owned the European Climate Exchange. Richard Sandor, creator of the Sustainable Performance Group, founded the exchange and has been a spokesman for it. The exchange traded in emissions of six gases: carbon dioxide, methane, nitrous oxide, sulfur hexafluoride, perfluorocarbons, and hydrofluorocarbons. CCX started trading in October 2003, prior to the commencement of trading in the European Union through the ETS system. IntercontinentalExchange (), a leading operator of regulated global futures exchanges, clearing houses and over-the-counter (OTC) markets, announced in