As the senate debates the American Clean Energy and Security Act, which attempts to create in the U.S. a cap-and-trade scheme for carbon emissions similar to the system in place in Europe, the Chicago Mercantile Exchange has been ramping up its efforts to prepare for an expected surge in carbon credit trading. The climate-change bill, which recently was passed by the House, would put a limit on the amount of carbon emissions a company can generate but allow over-limit companies to meet their requirements by purchasing credits from firms that emit less pollution than allowed.
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