World First Web/Cloud-based Exchange Interfaced with Blockchain Registry: BioCarbon Registry – South America’s New Global Credit Standard
Blossoming out of South America, BioCarbon Registry (BCR) recently ‘rebranded’ from ProClima but only the name has changed. Runner up to Verra VCS in the 2021 Environmental Finance Awards for Best GHG program, BioCarbon Registry has developed and continues to develop project standards and methodologies for biodiversity and GHG projects which are committed to long term sustainability. Their standard is applicable to voluntary and regulated markets (in South America) and CTX’s cloud-based infrastructure is now electronically interfaced with BioCarbon Registry’s blockchain technology making it possible to buy their high-quality Verified Carbon Credits (VCCs) electronically 24/7, 365 days.
CTX Smashes Trading Records of Genuine Offset Sales
In December 2021 over 6,000 CDM Project proponents received emails from the UNFCCC inviting them to list inventory on CTX, to satisfy cashed up buyer demand. Not only CERs but increased treasure troves of Verra VCS and Gold Standard credits have been uncovered and millions of dollars in funds in the CTX Exchange escrow accounts have been flowing to projects and credit owners in a record-breaking quarter.
Buyers on CTX range from large trading houses to small reseller brokers (offsets for smaller companies) to large corporations buying direct. So, these aren’t numbers flipping on a screen – not derivatives or futures, they are verified issued credits being sold to offset emissions.
In addition, CTX signed up over 60 new trading members – buyers and sellers.
Christmas comes Early for CDM CERs
With a number of large institutional buyers ‘hoarding’ credits from Verra VCS and Gold Standard like Scrooge – it seems it is up to ‘Uncle CDM’ to give project developers the gifts they deserve. Given CTX is a market for genuine Offset buyers (3rd parties) in the absence of what they think are their preferred offsets they will often accept what we can deliver. For now the CTX Index only shows the last trades (being updated soon) and does not show the exponential rise in credit sales, or the incredible liquidity we have seen lately where inventory has been on the exchange for less than 24 hours before selling, and sometimes sold minutes after listing.
Carbon Trade eXchange (CTX) = Global central hub for selling wholesale CERs
In the past 3 months sales of CERs on CTX has skyrocketed– both in the CDM Registry and for CTX CERs (located outside the CDM Registry, in one of the National Registries). As of 29th November, the average Transaction for CDM CERs is over 50,000 credits and for CTX CERs is over 100,000 per trade, despite the range of trades are from micro 100 credits to multiple excess of 250,000 credits.
CTX & IBAC – Exclusive Partnership to support Business Aviation Voluntary Commitments on Climate Change
The International Business Aviation Council (IBAC) represents over 18,000 operators worldwide in leading the way on Aviation emissions reductions. In conjunction with their 16 member associations on 6 continents, IBAC members have made serious carbon neutral commitments and thanks to their new partnership with CTX action on them is now both inflight and real-time.
One Swallow doesn’t make a Summer & Bull Markets don’t last forever.
What a huge last three months we have seen in the carbon offsetting markets. With HUGE buyer interest in the market, we have seen a massive run on lower priced credits (under US$2/tonne), which has seen prices driven up and inventory being snapped up at rates that we have NEVER seen before.
All Credits Matter! Removal Versus Avoidance? A moral or monetary ‘dilemma’?
The Voluntary markets are awash with opinions. It seems that after many years of riding the renewable wave, now many people think they should be discarded (or commoditised?) in favour of Nature based removal programs. But it feels like that is ‘credit focused’ – not ‘climate change focused’.
The Future of Carbon Pricing – Meeting the ESG Needs of Corporates
C&F's virtual summit, ‘The Future of Carbon Pricing: Meeting the ESG Needs of Corporates’ (27th April), will provide a backstop for recent political and regulatory developments. The summit will facilitate discussions between industry, investor, regulator, and...
UK Government urged to include aviation and shipping in net zero legislation
Greenpeace, Friends of the Earth, Green Alliance, Possible and Transport & Environment have written an open letter directly to Boris Johnson to urge the UK Government to include aviation and shipping in net zero legislation. The Aviation Environment Federation,...
CTX smashes monthly trading record with $14 Million in trades
CTX smashes monthly trading record with $14 Million in trades: In issue #106 September we announced the launch of our new CTX Exchange-Cleared OTC trades solution, a service every major stock exchange in the world offers for large broker or corporate trades. In...
Carbon Trade eXchange (CTX): A message from our CEO
A message from our CEO Voluntary Carbon Markets Task Force For those who read the initial draft of this report, you may be surprised (or staggered as I was) to see that in the global market’s history CTX was ‘invisible’. Equally surprising was the report almost...
The Sustainability Forum 2020 took place
Sustainable funding issues in focus For the ninth consecutive year, Global Sustain organized the Sustainability Forum , a unique event for corporate responsibility and sustainable development. The Sustainability Forum 2020 - A training, networking and professional...