Earlier in June 2023, Climate Impact X (“CIX“), a global marketplace for quality voluntary carbon credits, successfully launched its globally accessible spot trading platform, CIX Exchange, which completes CIX’s core suite of venues and services.
CIX Exchange enables two-way spot trading of standardised contracts and individually listed carbon credit projects, concentrating liquidity and providing the market with price transparency and risk management solutions.
Trading commenced on 7 June 2023, with bids, offers and transactions from a range of participants including leading project developers and suppliers and major financial institutions, among others.
Key Features of CIX Exchange
(a) Promotes price transparency, liquidity and certainty. Utilising Nasdaq technology, the platform enables transparent price discovery of firm orders for particular projects and concentrates liquidity for standard contracts.
(b) First standardised benchmark contract: CIX Nature X (“CNX“) is designed to address key market concerns over project delivery risk, market-representative pricing and fragmented liquidity. Each lot of CNX equates to 1,000 carbon credits, and one carbon credit represents one tonne of reduced or avoided carbon dioxide from verified projects. CNX represents a curated delivery basket of 11 large, well-established and globally-accepted carbon credit projects that support Reducing Emissions from Deforestation and Forest Degradation (“REDD+“), the conservation and sustainable management of forests, and the enhancement of forest carbon stocks.
(c) First daily on-exchange liquidity window (at the intersection of APAC and European trading hours) in the voluntary carbon market with firm bids and offers. This sharpens benchmark prices and improves order depth for spot nature-based credits.
(d) Custom-built for extensibility and modularity to enable effective and dynamic scaling alongside market demands for new credit types, projects and standardised contracts.
(e) Anchored in Singapore which has a dynamic carbon services and trading ecosystem and established commodity trading and financial community, and is a gateway to end-users in Asia and to investment in regional projects.
(f) Verified and curated nature-based climate projects. As a start, CIX Exchange is focused on the trading of offsets from verified and curated nature-based climate projects. These projects support REDD+, Improved Forest Management (IFM) and Afforestation, Reforestation & Revegetation (ARR).
Other CIX Core Services
(a) CIX Marketplace provides seamless access to curated projects to reduce friction for businesses starting on their carbon compensation journey, help them go further in climate action and support corporate sustainability goals.
(b) CIX Auctions is a specialised platform for discovering the value of unique and desirable projects, newly issued credits or customised portfolios of projects.
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