Climate Impact X

🔥 CIX is gearing up for #ClimateWeekNYC, taking place from 22 to 29 September, and IETA #NACS2024 from 24 to 26 September, in New York City! Join us for a series of engaging events throughout the week, including our key panel discussion on “The Science of VCM Pricing and Implications for Market Standardisation” on 24 September. Stay tuned for updates and detailed information as we approach these exciting events. 🌳 Explore the complexities and substantial costs of implementing high-integrity social safeguards in Natural Climate Solutions (NCS) projects in an insightful article by Mikkel Larsen, Executive Director of the CIX Board. Learn why it is important to invest in projects that go above and beyond in delivering these essential safeguards by paying a premium. #CIX #carboncredits #carbonmarkets #socialsafeguards #climateaction

📊 Carbon Market Institute (CMI)’s Singapore Carbon Market & Investor Forum begins this week from 15 to 16 August and Climate Impact X will be there! Building on the success of the inaugural Forum in 2023, CMI is returning to Singapore with a focus on the key themes of nature-based solutions, international linkages and investment and finance. The Forum will feature keynote addresses, high-level plenaries, roundtable discussions and deep-dive workshops. If you’re in town during this time, we’d love to catch up with you! Drop us a line at [email protected]. Find out more about the Forum here: https://lnkd.in/gv-eZiwQ Darina Elzein Leslie Poh Valerie Koh #carbonmarkets #sustainability #decarbonsation

Climate Impact X will be at Bursa Malaysia's Malaysia Carbon Market Forum 2024 this week! The Malaysia Carbon Market Forum 2024 will cover the developments and trends in both compliance and voluntary carbon markets, explore the role of environmental attributes in energy transition, and more. CIX will be represented in-person in Kuala Lumpur by our Business Manager for CIX Exchange Valerie Koh, and we’d love to catch up! If you’re in town during this time and open to a meeting, drop us a line today at [email protected]. For information on the program, visit here: https://lnkd.in/e4uUUFRz #energytransition #carboncredits #RECs #sustainability

Climate Impact X (CIX) is proud to be a member of the Singapore Carbon Market Alliance (#SCMA)! As a solutions provider to companies looking for #Article6 carbon credits and a partner to suppliers looking to sell them, we are excited to see SCMA accelerate Singapore’s ambition to develop itself into an attractive carbon services and trading centre. 🎇 Launched yesterday by the Singapore Economic Development Board (EDB) and IETA, the SCMA is an invitation-only alliance that brings together suppliers of carbon credits and Singapore-based corporates through workshops and networking sessions. This first-of-its-kind effort is designed to help companies access high-quality carbon credits aligned with Article 6 of the Paris Agreement. 🌍 We are getting involved now! Most recently, following the Implementation Agreement between Singapore and Ghana, our very own Saurabh Joshi joined the Ministry of Trade and Industry (Singapore), Minister Alvin Tan, and a delegation of 22 Singapore-based companies in Ghana to explore opportunities to unlock demand and supply potential. 🌳 Quality carbon credits are one part of the solution to the climate crisis. They are especially crucial for companies in hard-to-abate sectors, where current technology or alternative feedstocks are not yet available at scale. Beyond climate benefits, carbon credits can help to drive important social and economic progress by making impactful projects economically viable in the long run and creating a steady flow of additional income for local communities. 💡 If your company is liable for the Singapore carbon tax – or if you simply want to learn more about Article 6 and how we can help – connect with us at [email protected]! For further information on the SCMA, please visit: https://lnkd.in/gau799fw #carbonmarkets #carboncredits #climatechange

📰 We’re excited to announce the launch of CIX Intelligence – our new market intelligence service to help inform decision-making and raise market-wide price transparency across the voluntary carbon market (VCM). With robust, market-driven price benchmarks and our groundbreaking VCM Trade Database, CIX Intelligence will give you the insights you need to inform your pricing strategies and negotiate effectively. 🌳 Last Friday, we celebrated UNESCO’s International Day for the Conservation of the Mangrove Ecosystem, highlighting the critical need to protect mangroves and blue carbon ecosystems. This month’s newsletter explores the importance of blue carbon credits and features an impactful project available on CIX Marketplace. Read the full articles on CIX Community Hub. #CIX #carboncredits #carbonmarkets #bluecarbon

📰 June has been an exciting month for Climate Impact X (CIX) and the carbon market. The Integrity Council for the Voluntary Carbon Market (ICVCM) unveiled the first high-integrity crediting methodologies that meet its Core Carbon Principles (CCPs), covering an estimated 27 million carbon credits. In addition, CIX launched our CORSIA price benchmarks, which aim to reflect the true spot value of these credits today. 🌳 In celebration of World Environment Day (5 June) and World Ocean Day (8 June), we are featuring two impactful projects available on the CIX Marketplace, that focuses on land restoration and ocean conservation. Read the full article on CIX Community Hub. #CIX #carboncredits #carbonmarkets

♻ Climate Impact X will be at #ISC2024 next week! The The I-REC Standard Conference (ISC) 2024 will cover the development of standardised global EAC markets, I-REC(E) market developments, the implementation of CBAM related to indirect emissions, the development of tracking mechanisms for complex green industrial products, hydrogen, and more. CIX will be represented in-person in São Paulo by our Commercial Director Adeel Choudhry, and we’d love to catch up! If you’re in town during this time and open to a meeting, drop us a line today at [email protected]. For information on the ISC2024 program, visit here: https://lnkd.in/eUdh2Was #IRECs #EAC #CBAM #sustainability #energytransition

We’re very proud at Climate Impact X (CIX) to have launched our CORSIA spot price benchmarks last Thursday, which we think, perhaps for the first time, depict the true value of these credits. CIX daily assessments represent the daily spot trading value for immediate delivery of CORSIA Eligible Emissions Units as defined by the International Civil Aviation Authority (ICAO). Our last assessment was USD26/mt on Friday 14th June (Monday was a national holiday in Singapore!). Here is why we think our price benchmarks are the best representation of CORSIA credits: 1️⃣ They represent the spot value of credits today 𝐟𝐨𝐫 𝐢𝐦𝐦𝐞𝐝𝐢𝐚𝐭𝐞 𝐝𝐞𝐥𝐢𝐯𝐞𝐫𝐲, not for future delivery. This is important as what qualifies for CORSIA can regularly change with new guidance from the ICAO’S Technical Advisory Body (TAB). The next TAB Council Session is in Oct-Nov 2024. As such, physically-delivered futures, which in carbon have so far tended to coalesce around December each year, are inherently speculative on the outcome of TAB meetings, while assessments reflecting deliveries sometime this year or at the end of the year also risk being unnecessarily clouded by that uncertainty. A spot price benchmark for immediate delivery will deal with these regular specification changes and provides the basis for better-designed risk management tools and derivatives. 2️⃣ Our benchmarks are “𝐬𝐜𝐫𝐞𝐞𝐧-𝐚𝐬𝐬𝐢𝐬𝐭𝐞𝐝,” prioritizing transactions, bids and offered in the open market on CIX Exchange, which are bona fide firm, pre-funded, executable orders. Today only one project globally has credits in circulation which qualify as CORSIA Eligible Emission Units: Guyana’s project 102 on ART Trees, and these can be offered or bid on our screen. Exchanges create the opportunity for enhanced transparency and direct and open participation in price formation by all professional actors. While screen-based trading activity in the VCM is limited today, it brings substantial advantages and hopefully will grow. 3️⃣ In determining the specific credits qualifying for use in the assessments, CIX 𝐬𝐭𝐫𝐢𝐜𝐭𝐥𝐲 𝐫𝐞𝐟𝐞𝐫𝐬 𝐭𝐨 𝐨𝐟𝐟𝐢𝐜𝐢𝐚𝐥 𝐠𝐮𝐢𝐝𝐚𝐧𝐜𝐞 𝐟𝐫𝐨𝐦 𝐈𝐂𝐀𝐎, without any additional arbitrary restriction, for example of approved registries. As CORSIA specifications evolve, the assessment will update in accordance with the latest specification to always reflect the purest, qualifying spot value of a CORSIA Eligible Emissions Unit. As with all major CIX benchmarks, these two assessments will be externally audited for alignment against the IOSCO Principles for commodity price benchmarks. For more details, including signing up to our daily report or to read our full benchmark methodology please visit https://lnkd.in/exEAQmAw. #corsia #voluntarycarbonmarket #vcm #aviation #icao

Voting is now open for Environmental Finance’s annual Voluntary Carbon Market (#VCM) Rankings! In 2023, we were awarded runner-up for “Best Carbon Exchange” just a few months after launching #CIXExchange and our first standardised contract CIX Nature X (CNX). We could not have done this without your trust in us. One year on, here's what we've been up to (amongst other things):   ✅ Introduced new benchmark contracts: CIX Cookstoves X (CCX), CIX ARR X (CAX) ✅ Committed to grow our standard contracts offering to cover relevant VCM segments, including credits eligible under the The Integrity Council for the Voluntary Carbon Market's (ICVCM) Core Carbon Principles ✅ Launched #CORSIA spot price assessments, with plans to introduce a benchmark contract series for these credits soon ✅ Achieved #IOSCO alignment for our flagship CNX benchmark contract ✅ Implemented new initiatives under #CIXClear to better support brokers and the market, such as extended hours, more accepted currencies, and promotional rates Scaling carbon markets is an ecosystem-wide challenge and no entity can solve for market-building alone. We believe that what we have built, and our continued evolution, will play a crucial role alongside other key market players in enhancing the transparency, certainty and scalability of the VCM. Your nomination would be a strong endorsement for our efforts and vision.   📅 Submit your vote here: https://lnkd.in/eKbSFBaA Entries close by Friday, 26 July. Many thanks as always for your support! #carbonmarkets #carboncredits #VCMrankings

With Q2 coming to a close, we took a look at how the retirement figures for our first global curated standardised spot contract for nature-based carbon credits – CIX Nature X (CNX), fared against the wider REDD+ market year-to-date. Some key insights include: 📈 Retirements of v16+ CNX-eligible credits have seen a 248% increase year-on-year, as of May 2024. 📊 CNX-eligible credits accounted for 42% of all REDD+ retirements in 2024 thus far, a significant improvement from 26% over the same period last year. The high retirement rates validate the design of CNX as a leading curated basket of well-established global REDD+ projects with good market acceptability. 💡 CNX-eligible credits are liquid and actively demanded in the market. Approximately 60% of all nature-based transactions via our CIX Exchange offering in 2024 YTD are eligible for delivery into CNX. This supports our conviction that well-designed standardised instruments can help to bring transaction efficiency and pricing transparency to sub-segments of the VCM. If you are keen to learn more about CIX Nature X or our other improved cookstoves and ARR standardised contracts, drop us a message at [email protected]! #carboncredits #voluntarycarbonmarket #natureclimatesolutions