Fertilizer already existing amount of reactive nitrogen, nitrous oxide (NO) has become the third most important greenhouse gas after carbon dioxide and methane. It has a global warming potential 296 times larger than an equal mass of carbon dioxide and it also contributes to stratospheric ozone depletion. By changing processes and procedures, it is possible to mitigate some, but not all, of these effects on anthropogenic climate change. Methane emissions from crop fields (notably rice paddy fields) are increased by the application of ammonium-based fertilizers. These emissions contribute to global climate change as methane is a potent greenhouse gas. In Europe
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