A new attempt at building a carbon futures market
Climate Impact X is the latest operator to try to foster exchange-based trade in voluntary carbon credits
Singapore-based Climate Impact X (CIX) launched its CIX Exchange for the voluntary carbon market (VCM) in early June to some fanfare about the city-state’s carbon trading ambitions. It is the carbon industry’s latest attempt to foster the growth of exchange-based trading in the VCM, as well as of a futures business. The design of the new exchange appears more conventional than not, but if successful, it may offer insight into how carbon buyers assess credit integrity or into their carbon trading needs. CIX Exchange’s initial focus is on trading ‘Nature X’ standardised contracts. Standardised contracts, which deliver carbon offset credits from a pool of projects with specific qualifying crite
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