Carbon Trade Exchange: A History
After selling Bartercard’s flagship operation in Australia in 2007 ($25.5 million), Carbon Trade Exchange (CTX) Founder and CEO, Wayne Sharpe, attended the UN climate change conference in Bali, and shifted his technological and entrepreneurial skills to the global challenge of climate change.
Sharpe identified the global Carbon market as a fractured, diverse OTC market place with multiple credit ‘standards’; he saw challenges that he had overcome in the business to business trade sector and used his Bartercard technology as a foundation to create CTX.
CTX was founded in 2009 following 2 years of R&D, launching operationally in London and then in Sydney in 2010. The same year CTX negotiated with Westpac to create an electronic interface with CTX.
Today CTX is operated by Environmental Markets Services Ltd, a UK-based subsidiary of Global Environmental Markets (GEM). Under the CTX brand, EMS trades Carbon Credits certified by the Gold Standard, Verified Carbon Standard and United Nations CDM. We also offer other Carbon Services, including: Carbon Offsetting; Carbon Neutral Certification; Carbon Project Development; and Carbon Footprinting.
Since 2009 the CTX group of companies has offset over 100 million tonnes of carbon dioxide, helping companies to fund renewable energy, forest conservation and community projects all over the world. CTX currently operates out the UK and Australia.
Stop Trashing Our Planet (S.T.O.P) started CTX R&D
Carbon Trade eXchange ® CTX founded by Wayne Sharpe
CTX was launched in London with Deutsche bank and linked registries
CTX re-launched in Sydney with fully electronic interfaces to Westpac Bank
Global Environmental Markets (GEM) acquires IP technology
Partnership agreements with Gold Standard & Americon Carbon Registry (ACR) and the Carbon Action Reserve (CAR)
Granted Australian Financial Services License (AFSL)
Water for Rivers JGE agrees to sell IP to GEM; GEM develops H20X water exchange
AU REC exchange launched; New York office opened, Agreement with RGGI
RGGI and California Exchange launched for North American environmental products aand water platform H20X launched
CTX sponsors IETA Business Hub at COP21 Paris.
CTX and GEM Platinum sponsors UNEP Sustainable Innovation Forum Paris
GEM agrees to settle hostile dispute and sells equity in operational subsidiary
Retains all IP and brands
GEM restarts Carbon Trade eXchange (CTX) as 100% owned
CTX signs world 1st deal to interface with UNFCCC CDM Registry
GEM & CTX sponsor Innovate for Climate Frankfurt and Aviation Carbon London
GEM designs and builds Global REDD+ Registry technology (buyer defaults)
GEM redesigns Registry into ITMO Registry to support the Paris Agreement
GEM and CTX Sponsor Aviation Carbon London and major sponsors IETA business HUB at COP25 Madrid
GEM launches ITMO Registry ® technology at COP25
GEM completes electronic interface between ITMO Registry and CTX
CTX reactivates trading in Verra VCS and CER’s outside CDM and introduces OTC Exchange Cleared Trades and Corporate Lines of Credit
GEM CTX launch Aviation Carbon Exchange (A.CE.) ® landing page plus CORSIA defined listings on CTX
CTX completes 1st major OTC Exchange cleared trades – 3 totalling $14 million+
GEMs first ITMO Registry commences its operation
Development of blockchain interface for Registry technology