China Hubei Carbon Emission Exchange (CHEEX) was established to cope with climate change, develop low carbon economy, promote the upgrading of industrial structure, boost innovation of environmental protection mechanism, as well as to build Hubei a big province of low carbon. CHEEX is a professional exchange that has been recorded by NDRC and approved by Hubei Provincial Government. CHEEX is leaded by Wuhan Optics Valley United Property Rights Exchange (OVUPRE), and funded by OVUPRE, Wuhan Iron and Steel Group, Daye Nonferrous Group Shareholding Co.Ltd, Hubei Agricultural Means of Production Group Co.Ltd.
The main businesses of CHEEX include carbon emission rights exchange, energy efficiency market product exchange, new energy and energy retrofits services, develope new carbon finance products, investment and financing, and carbon market training and advisory.
The establishment of CHEEX is aim to ensure the public trust of carbon market through standardize the process of trade; accumulate the experiences and build sound mechanism for low cost and high efficiency control of carbon emission; provide transparency prices for market participants; assist China to build more sound carbon emission exchange policy and goals; assist companies to obtain high efficiency energy with low cost; design top-ranking carbon emission market and innovation financial products; provide high quality information, training, and related services for carbon emission markets participants.