Climate Impact X

📰 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

We are excited to share that Article 6-tagged credits generated by the DelAgua Group Clean Cooking Grouped Project (VCS 2749) in Rwanda are now available on CIX Marketplace! This project is one of the first in the world to receive a Letter of Authorisation (LOA) from its host country and is one of the first to be tagged as such on Verra. Having an LOA is an important prerequisite (alongside other programme-specific requirements) to enable new groups of buyers to support the project, in addition to companies buying for their own voluntary #climate targets. 🔥 The DelAgua Clean Cooking Grouped Project distributes fuel efficient improved cookstoves (ICS) to rural communities in Rwanda, where many continue to rely on traditional cooking methods. 🚺 Traditional cooking methods contribute to indoor air pollution and are time-consuming, often disproportionately burdening women and girls who spend hours collecting and preparing firewood or tending to fires. 🌲 This project aims to address these challenges by reducing biomass usage for cooking purposes through the distribution of a high-quality, high-performance ICS. Read the full article to learn more about the significance of this project and its LOA: https://lnkd.in/gxA4tyjj If you are keen to understand how Article 6-eligible credits like DelAgua’s can fit into your decarbonisation strategy, connect with us at [email protected]! #cookstoves #carboncredits #carbonmarkets #article6

🗞 CIX is excited to share that Article 6-tagged credits are now available on CIX Marketplace! Read on to learn more about the significance of this project and how you can purchase such credits. This month, we announced our intention to launch our new carbon market data and analytics service - CIX Intelligence, in July 2024! Read on to learn more out the service offering and register your interest today! Finally, if you ever wondered where funding goes after carbon credits are purchased, our CEO Mikkel Larsen has penned an article on the dynamics of carbon finance flows and, importantly, how we can drive greater transparency. Read the full article on CIX Community Hub. #newsletter #carbonintelligence #carbonpricing #article6 #voluntarycarbonmarket

#ICYMI: Our new carbon market data and analytics service – #CIXIntelligence – will be launching in July 2024! This builds on the success of our popular daily carbon market report, #CIXCarbonDaily, which has drawn a global subscriber base of over 600 companies. As part our new service, we will offer exclusive access to a groundbreaking trade database, which aims to provide a new level of visibility into trading, price and liquidity patterns, and help to unlock better understanding of credit type- and project-specific price dynamics. 💻 At launch, the database will comprise several thousand project- or contract-specific transactional data points across the voluntary carbon market. 🔢 This repository of historical disaggregated records will include bid, offer and trade data reported by market participants as well as proprietary data from CIX’s trading venues, making it an ideal and powerful new tool for carbon traders, commercial managers and analysts. Learn more and register interest today: https://lnkd.in/euUmbyaT #carboncredits #carbonpricing #vcm

Excited to have OTC FLOW on board! Look forward to working together to level up transparency, certainty and liquidity in the global #carbonmarkets 🌏🍃🤝

Have you heard? Google, Meta, Microsoft and Salesforce have this week launched a new coalition to accelerate the development and growth of the nature-based carbon removal market! 🌎 Together, the companies have made an advance market commitment (AMC) to contract up to 20 million tonnes of carbon removal credits. 🌲 Nature provides critical carbon storage, ensure life-supporting systems and build climate resilience. In fact, the IPCC sees no pathway to limit global warming without immediate action to halt deforestation, as well as longer term efforts to restore our natural ecosystems. We need a blend of solutions. ✅ Such strong commitment from industry leaders is recognition of the necessity of carbon markets in tackling the climate crisis. It is not the only solution needed, but an important one. Read the full article on ESG Today: https://lnkd.in/g45tk3TQ #carbonmarkets #carboncredits #naturebasedsolutions #nature