Aviation Carbon Exchange (A.C.E.) ®
Three years ago, International Business Aviation Council IBAC and CTX announced their partnership. Now this innovative relationship has been extended, and together, we have formed a new innovative offset platform housed at our new https://offsetflights.com/ to satisfy smaller operators who cannot justify joining CTX as members. Populated with a ‘curated’ smaller list of high-quality CTX listed projects and credits, the core target is smaller operators whose offset requirements would be 100 – 5,000 tons per month (or year). This ‘Buy to Retire’ ACE platform features a regularly changing list of CTX listed inventory with a B2B ‘retail’ margin – so no membership is required to join CTX.
The Paris Agreement – Death by a Thousand Cuts
The Paris Agreement – death by a thousand cuts. Are media and vested interests killing the worlds most important global agreement? In recent months there has been immense coverage over the implication that a Host Nation might withdraw a Letter of Authorisation (“LoA”) under Article 6 of the Paris Agreement – so the […]
Our Planet is Choking on Plastic
The headlines are screaming about this toxic problem, but just as the world begins to realise the dangers of plastic pollution and most people are trying to take action to reduce it, major industry players are poised to invest $billions in expanding plastic production. This relentless increase is poisoning our planet backed by the same nations and corporations creating the main causes of Climate Change. Over 99% of plastic is made from chemicals sourced from fossil fuels, and the fossil fuel and plastic industries are deeply connected. Now the trading solutions are finally appearing.
Global Carbon Registry® Launches + ITMO’s
The newly re-built Global Carbon Registry (GCR) has gone live. In an exciting innovation, GCR can now issue ITMOs in addition to Global Carbon Credits ® (GCC’s) for Voluntary trading. Plus, as it could previously do, it has the ability to support National Carbon Sub-Registries which can utilise all the GCR unique and innovative features. GCR will offer World Class registry technology, top end support, issuance Fees as low as 10 cents per credit and No Transfer or Retirement fees.
New Year Sees CTX Team Expansion.
As January started with a bang – New Members records fall. When we signed in 10 New Members in December, CTX pushed past 120 for the year – and total over 600. As the world’s oldest and largest carbon exchange/ trading platform the records tumbled again in January with 12 new members, new staff and another record number of transactions. “Repetitious~” you say? Well, it is better than the constant negativity we see from many for sure 😊. When we Add to that our new records for CTX listings (below in the Newsletter) it is a VERY bright start to 2024.
Fintech Futures Latest News: Carbon Trade eXchange India (CTX India) to Launch
LONDON & CHENNAI, India–(BUSINESS WIRE)–#africa–In another historic step for the world’s first Voluntary Carbon Exchange, CTX has partnered with SASA ENVIRO, a revered Chennai-based Environmental and Agricultural Solutions provider. This National Master Licensee will also operate a White Label version of the CTX platform to deliver an Indian operated, owned, and branded version of the world’s leading global Voluntary Carbon platform.
This grants Indian buyers – Corporate, Brokers and institutions – immediate access to hundreds of projects worldwide, with millions of credits listed on CTX across many nations ready for T+0 clearance and settlement.
The Bottom Has Gone – Trades Explode.
The only way is up! Despite negative media and market headwinds, November and December hit a record number of CTX trades – over 140 and counting. Pulled down by many CTX competitors (who showed prices plummeting as low as 23 cents) CTX prices dipped to 50 cents on certain older CERs (300,000 credits) which is our HARD FLOOR price. Then within a week the next 50,000 trade was at 80 cents (+60%) but alongside these multiple trades over $4 & $5.00, and volumes of up to 250,000 this week, so despite our ‘micro trade’ minimums of 100 tones, the 52 weeks average remains over 6,000 credits per transaction. Buyers, Brokers and reseller platforms took advantage of the lowest prices you will see in the future. Sure, the recent trades are sometimes smaller or lower value than in previous years, but there is multiple every day – and by having a % of the trade as fees, we ride the same wave our buyers and sellers do.
CTX Voted No. 1 Carbon Credit Exchange For 2023
The world has slowly started taking climate change and is realizing carbon has been a natural killer. While the change is slowly coming in, it is tough to eliminate all the sources of carbon at a go. Hence the concept of carbon credit was bought into the picture so that the companies contributing more to emissions and pollution could invest in carbon-positive ventures through a carbon credit product. While a lot of Carbon credit business happens voluntarily, a few exchanges have made their mark. Here is the list of the best exchanges that one should keep an eye on in 2023.
€15 Million Global Buyside opportunity
Late this year France will accept bids for Carbon Credits to offset the final emissions footprint for the Rugby World Cup – and CTX is registered to make this bid on behalf of all CTX members with listed credits. They want long term “legacy projects” and while the budget is up to €30 per credit, the price is HALF the points score for acceptance (i.e., cheaper and better-quality projects – with better services via CTX will win) – so our Requests for Offer will be circa €10 – €15. We will only offer your listed price – if your credits are accepted, we will complete the contracts with French Government, then buy direct (from the members) for RWC on the CTX platform.
Zimbabwe Carbon Legislation gets A+
As August finished with the much awaited Zimbabwe Carbon Legislation being gazetted, it proved to be far more positive for projects and investors than what naysayers and mainstream media had suggested. Besides, with 30% allocated to The Climate Fund, and the operation of their National Carbon Registry, there is significant potential for large volumes of credits to emerge as ITMOs, making them significantly more valuable to projects, investors, and the nation in bilateral trades.
