Carbon Trade Exchange (CTX) has announced a two-year extension of its agreement with the UNFCCC CDM Registry. This partnership has significantly benefited global buyers, providing them access to wholesale-priced UNFCCC Certified Emissions Reductions (CERs) from various projects worldwide.
Global Reach and Significant Trading Volume
The extension of the agreement further strengthens CTX’s position in the carbon market. As of early December, CTX had listed over 2 million CER credits directly from the CDM Registry, valued at over $3.28 million. Additionally, the exchange had 1.12 million CTX UN CERs across its three National Registry accounts—UK, Dutch EU, and Australia—valued at over $1.66 million.
CTX is one of the few exchanges that can trade CDM CERs and CTX CERs electronically, making it a key player in the carbon market. The partnership allows buyers to access carbon credits from various nations and project types. Many of these credits are unique to the CDM program.
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Affordable Carbon Offsets
CTX offers credits starting at $0.60 per ton of CO2e, an affordable option for businesses seeking to offset their carbon emissions. These “Buy to Retire” credits help companies create a balanced portfolio of offsets, combining credits from different standards.
This flexibility allows companies to manage their carbon portfolios effectively while keeping prices reasonable.
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Innovating in Global Climate Finance
Since 2010, the agreement also involves Global Environmental Markets (GEM), which handles CTX’s clearance and settlement through the Westpac Bank solution. CTX’s over-the-counter (OTC) trade division, Environmental Markets Services, enables the execution of trades for non-CTX members, expanding the exchange’s reach even further.
Wayne Sharpe, CEO and Founder of CTX, expressed pride in the company’s leadership in global climate finance. Sharpe, who won the EU Fintech Innovator of the Year Award in 2023, emphasized CTX’s commitment to providing businesses with innovative carbon solutions.
The extended partnership between CTX and the UNFCCC CDM Registry solidifies CTX’s role as a pioneer in the global carbon market.
By offering affordable, diverse, and accessible carbon credits, CTX continues to support businesses in their sustainability efforts while driving the transition to a low-carbon economy.