Boise Inc.  has become a member of the Chicago Climate Exchange (CCX), the world’s first and North America’s only voluntary, legally binding integrated greenhouse gas emissions reduction, registry and trading system.

As part of its membership in CCX, Boise Inc. has made a voluntarily but legally-binding commitment to achieve an absolute greenhouse gas emission reduction of six percent below its baseline – a four-year average of the years 1998 to 2001 – by the end of 2010.

CCX operates a cap-and-trade system. Members who beat the targets have surplus allowances to sell or bank, and those who have emissions above the targets must purchase CCX Carbon Financial Instrument contracts to achieve compliance.

"Our participation in the Chicago Climate Exchange will allow us to capture greater value from our greenhouse gas reduction efforts. We have already reduced fossil fuel use per ton of production at our paper mills by 28 percent from 1996 to 2007, and increased our renewable energy use to 64 percent of total energy consumption during the same period," said Alexander Toeldte, president and CEO, Boise Inc.

The Financial Industry Regulatory Authority (FINRA), a leading financial regulator in the United States, provides third-party verification.