December 2024
Issue #15
UNFCCC CDM Registry: CTX Contract Renews for 2 years
All Current Listings Extended to December 31st, 2026
In a surprising turn of events to many, the CDM Registry is not shutting down in 2025. This week CTX is proud to announce the fourth extension of the strategic partnership agreement, which first went live back in 2017.
Hundreds of projects worldwide have benefited from this longstanding and unique relationship, and buyers globally benefit from access to wholesale-priced UNFCCC CDM Certified Emissions Reductions (CER’s) from various project types and nations – some of which are unique to the CDM program. While there have been numerous ‘migrations’ to other Credit Standards and Registries in the past two years however, the CDM Registry still hosts more credits than any other Registry. As of December 2024, CTX had listed over 2 million CER credits directly from the CDM Registry (valued at over $3.28 million), plus an additional 1.12 million CTX UN CERs in our three National Registry accounts (UK, Dutch EU and Australia) valued at over $1.66 million.
With prices starting as low as $0.60 (60 cents) per ton of CO2e, ‘Buy to Retire’ credits allow corporate buyers to keep average prices reasonable when blended into a well-constructed portfolio of offsets that includes diverse credits from various other credit standards.
CTX is the only Exchange that can trade CDM CERs and CTX CERs electronically.
“Make me an Offer” – New CTX Feature
‘Negotiate Price’ Symbol for Sellers willing to consider offers.
Many sellers on CTX are willing to negotiate prices for larger purchases, and this is usually done via the CTX Trading Team. Effective this week sellers can request CTX Operations to put this new symbol on the platform so if they have listed say 50,000 or 100,000 credits, they may accept a REASONABLE offer for a purchase of 5,000 – 10,000 plus credits (or the whole batch listed) . The hover text says to email your offer to trading@ctxglobal.com (this will be a popup feature early next year) so you simply put in the Project ID, Volume you’ll purchase and price offered. If it is accepted, we expect Buyers to fund their account within 48 hours – then once your account is ‘in-funds’ our traders will liaise with the seller to adjust the price down (if they have not already done so) so you can complete the trade. Then the seller can re-adjust to the original price (if they wish) for any balance of credits or leave them at the agreed reduced price.
sellers simply email operations@ctxglobal.com and we will add this symbol on Listings of over 10,000 credits or $25,000
Hover Text says “Negotiate Price
Click for Action - this screen pops up
When you complete your offer, an email will be sent anonymously to you, the Seller (credit owner) plus CTX trading and operations.
This has been a regular (manual) activity of the CTX trading team, but we realized most buyers can’t identify which projects might accept this sort of offers. And CTX is unlike other trading platforms that do a Hybrid ‘commoditised’ price with ‘Bid Offer’ spreads – this has become a ‘Race to the Bottom’ with some ‘units trading at less than the issuance fees. We wont play that negative game. So, this is to help facilitate credits trade at reasonable best prices for larger trades. Ho! Ho! Ho!
COP29 – Carbon Markets Should Light Up!
Agreement was finally reached on Article 6 trading, to trigger offsetting an extra 5 billion metric tons of carbon emissions annually (says Reuters), despite the perception of the UNFCCC ‘clawing back’ some of their lost ground to ‘centralise’ registry services again. The original Paris Agreement text called for each Nation to have its own De-centralised National Registry – but for nearly a decade most nations just wont pay for the one GEM can provide ($150k per year) and can support with Nation controlled low-cost infrastructure. CTX and GEM couldn’t go to COP29 due to business commitments, but this Agreement (deal) means more commitment by nations and corporations to Buy ITMO’s. Along with Gold Standard , both Global Carbon Registry (GCR) and Verra VCS can originate and issue ITMOs and VCM credits. GCR can also provide an even lower cost National Sub-Registry, so the latest investors into GCR will reap the rewards in the future. For more information, email info@globalcarbon.co.
This ‘deal’ is happy news, as anyone can see the impacts of Climate Change are here now – every day, all around the world. The next generations deserve better from our so-called business and political leaders.
If you leave your children and grandchildren loads of money and an Ecosystem that can’t support human life…. well, ask them what they’d prefer. For a pitiful 0.01% of corporate profits, companies can be carbon neutral via CTX. Stop setting meaningless goals for 10 or 20 years time and do SOMETHING today!
CORSIA – More Rule Changes
CTX has many credits listed that are considered CORSIA eligible soon (‘compliant’ subject to yet more ‘rule changes or conditions) – and we hope 2025 will see genuine Airline buying at scale, as supply has been scarce due to these rule changes. The Addition of corresponding adjustment seems nonsensical as few airlines are government owned and none we know of in developed nations. Recently ICE suspended its December 2024 CORSIA Futures at circa € 37 – we are told on zero offers or bids. But with the recent approval of both Verra VCS and Gold Standard in October that could change rapidly.
Since 2020/21 when the Airline industry via IATA convinced the global regulator ICAO to remove the 2020 emissions from the CORSIA ‘baseline’, the same lobby groups have been successfully encouraging ‘manipulation’ of the rules for offsets (to avoid buying?) making inventory harder to find. But now both Gold Standard and Verra VCS are approved for Phase 1 (we are in that now), which means that CTX has the largest inventory of ‘likely CORISA eligible’ credits on earth. Regardless of when the major CORSIA compliant Airlines actually buy, now is the time for intermediaries to ‘stock up’. Many experts predict CORSIA eligible credits could rise to $100 by 2030 – and the current Phase 1 compliance period ends in 2027. This means credits purchased today (by Brokers or Airlines themselves) would cost around 10% or less of that forecasted price (90%+ discount).
Time to take advantage before prices increase. There is some risk – but possible big rewards, and nobody can ‘promise’ the rules won’t change… hence Risk vs Reward.
CTX Online is ALWAYS open – 24/7/365
But our humans need a break – so here are our international admin office hours if you need human assistance over the upcoming Christmas – New Year period. Have a wonderful and joyous Holiday Season!
Projects of The Month
1. Global Carbon Registry
Reduce waste to landfill: Globechain believes businesses should be commercial with a conscience, with waste being a resource and a valuable commodity of the future. As the world’s largest ESG Re-use Marketplace, they connect businesses, nonprofits, and SMEs to redistribute surplus (otherwise waste to landfill) items or commodities across construction, real estate, retail, healthcare and hospitality industries. The marketplace enables enterprises to repurpose and reuse unneeded, obsolete stock and assets, drastically reducing waste, storage, and disposal costs while providing and generating robust Environmental, Social, Governance (ESG) and SDG data. Purchasing Globechain’s carbon credits allows businesses to offset their emissions effectively and transparently while supporting a company that drives sustainability, operational efficiency, and meaningful change. They are creating a future where being net- zero is not just a goal but a way of doing business. The estimated average annual emissions reductions are 77,427 tCO2e. This is expected to increase in future years thanks to the support of the sale of these carbon credits to finance and support expansion of the business.
Medical supplies, uniforms and equipment were redistributed to rural hospitals in Guinea
Armchairs, tables and cabinets used by a school in Margate to furnish their student coffee shop
A washing machine, fridge and dishwasher were used to help a family furnish their council home in London
Fire doors, carpets and ceiling tiles were used to build schools and a library in a small town in Sierra Leone
2. Verra VCS
Turkey - EUR 5.50
Clean Energy – use of Fugitive methane. This Landfill Gas to Electricity Project is located at Zonguldak Landfill Site in Sofular Neighbourhood, Central District, Zonguldak Province in Türkiye. Greenhouse gas (GHG) emissions will be reduced by avoiding CO2e emissions from those fossil fuel-based power plants connected to the grid and by avoiding GHG emissions from releasing LFG into atmosphere at the landfill site.
The project transforms a previously unmanaged landfill fugitive methane into a biogas-to-energy facility, providing a clean and efficient solution for waste management. It also supplies renewable energy to the grid, reducing dependency on fossil fuels, and improving air quality .
3. Verra VCS
The project activity focuses on installing energy-efficient Improved Cooking Stoves (ICS) in households, communities, and Small and Medium Enterprises (SMEs) in Vietnam. Its primary goal is to reduce wood fuel consumption among traditional stove users, which can improve public health and contribute to Vietnam’s climate change response and sustainable development.
Targeting rural households without prior access to ICS, the project will provide these stoves free of charge, funded entirely by the Sustainability Investment Promotion and Development Joint Stock Company (SIPCO). The initiative aims to promote the use of ICS, thereby reducing deforestation and forest degradation while enhancing the quality of life for users by decreasing the time and costs associated with fuel wood collection and improving indoor air quality.
The existing cooking method serves as the baseline scenario, where households rely on three-stone open fires. The project plans to disseminate 21,000 ICS in Tuyen Quang Province, with an estimated annual emission reduction of 52,078 tons of CO2 equivalent. Overall, the project will help mitigate greenhouse gas emissions and foster sustainable practices in Vietnam.
4. Universal Carbon Registry
This project consists of three run-of-the-river hydro power projects located in Chapadão do Sul, Mato Grosso do Sul, and Ribeirão, Pernambuco, Brazil. These projects are actively operating and continuously reduce greenhouse gas emissions, currently registered under the Universal Carbon Registry (UCR). This project contributes significantly to economic, environmental and social matters; however, it stands out as it contributed to all 17 SDG’s.
Environmental Benefits
The project offers several environmental advantages, including the use of hydro energy, a clean energy source that generates power with zero emissions of greenhouse gases or specific pollutants such as SOx, NOx, and suspended particulate matter (SPM). It aims to reduce Brazil’s dependence on fossil fuels while minimizing impacts on land, water, and soil in the surrounding areas. Additionally, the project invests in the conservation and maintenance of aquatic fauna in affected regions, monitors water quality, and establishes a Permanent Preservation Area that includes reforestation programs.
Economic Benefits
Economically, the project enhances the supply of affordable energy, fostering regional development. It promotes growth in areas where the small hydro power plants (SHPs) are installed by providing clean and cheaper energy, which in turn creates jobs and business opportunities. The initiative supports the development of clean technologies in Brazil, encourages investments in new technologies, and promotes responsible consumption and production practices.
Social Benefits
Socially, the project generates hundreds of employment opportunities for the local workforce during both construction and the operational lifetime of the power plants. It contributes to the development of surrounding areas through taxes collected at municipal, state, and federal levels during construction and operation. Furthermore, it invests in local rural communities, healthcare initiatives, socio-environmental education, and campaigns promoting gender equality.
For OTC Buyers contact trading@ctxglobal.com
CTX Members – if you have any questions, please email operations@ctxglobal.com
Thank you all for your contributions to help save the planet for our future generations.
