Carbon ratings agency BeZero Carbon has announced a new partnership with Climate Impact X (CIX), a global carbon marketplace based in Singapore. Under this collaboration, BeZero Carbon’s ratings will be integrated into the CIX Exchange, enhancing the transparency of carbon credit trading.
Improving Decision-Making in Carbon Credit Trading
The goal of this partnership is to improve decision-making for market participants, according to a joint statement by both companies. With this integration, the CIX Exchange will display BeZero Carbon’s ratings for carbon credits. This will allow users, including financial institutions, corporate buyers, and intermediaries, to make more informed decisions based on project quality.
This partnership aims to create a high-integrity carbon market by helping participants assess both risks and impacts of their investments. BeZero Carbon’s ratings focus on evaluating the likelihood that a carbon credit will effectively offset or remove one ton of CO2e from the atmosphere.
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BeZero Carbon’s ratings use an eight-point scale. The scale ranges from ‘AAA’ to ‘D,’ providing a clear metric to evaluate carbon credit quality. The scale is designed to link the quality of credits to their liquidity and pricing. This helps market participants assess the value and risk of various projects.
Supporting Transparency and Confidence in Carbon Credits
The CIX Exchange offers a real-time trading platform for benchmark spot contracts and individual project listings. This enables users to trade carbon credits efficiently. By adding BeZero’s ratings to its platform, the exchange will now offer additional insights into project integrity risks. This enhancement will boost confidence in carbon credits and drive stronger investments in climate projects.
Singapore’s Role in Advancing Carbon Market Growth
Tommy Ricketts, CEO of BeZero Carbon, noted Singapore’s leadership in climate initiatives. He emphasised that this partnership helps strengthen carbon market growth across the region.
Ellery Sutanto, Head of Exchange at CIX, added that ecosystem collaboration is essential for expanding carbon markets. He highlighted that the partnership aligns with CIX’s commitment to promoting transparent, efficient, and data-driven trading to drive climate impact.