MCX strives to reduce energy
usage and wastage and have adopted safe recycling
mechanisms. The Exchange Square building,
a new headquarter of MCX, is equipped with
the best global practices for conserving energy.
Glass windows that
are double vacuumed
are put in place so that they conserve energy.
India’s First Green Exchange: Operations of
MCX are almost entirely electronic with zero carbon
footprint. To further India’s role in the
global combat against greenhouse gas emissions,
MCX — in January 2008 — launched carbon
credit futures trade. This has enabled Indian owners
of Clean Development Mechanism (CDM) projects under
the Kyoto Protocol to sell the carbon credits they
have earned, at the correct market prices without
having to negotiate or bargain. This has done away
with many of the problems Indian SMEs faced in the
global carbon credits market.
In recognition of the environment-friendliness of
its operations and the launch of carbon credit futures,
MCX has been honored with the title of India’s
First Green Exchange. The honor was conferred on
MCX by Dr. Michael Nobel, executive chairman, Nobel
Charitable Trust, on behalf of the well-known NGO,
Priyadarshini Academy.
