Business Wire

Climate Impact X Launches CIX Exchange to Level up Carbon Market Transparency, Certainty and Liquidity

Share

Climate Impact X (CIX), a global marketplace, auctions house and exchange for trusted carbon credits, has successfully launched its spot trading platform, CIX Exchange, completing the company’s core solutions suite with three operational venues. Powered by Nasdaq's trading technology, CIX Exchange offers carbon market professionals a customised experience built on international best practices for platform stability, performance and governance. Users can efficiently discover market-driven prices, compare individual projects and trade standard contracts.

To address industry calls for greater transparency and price certainty, CIX has introduced the first daily on-exchange liquidity window in the voluntary carbon market with firm bids and offers. This dedicated 30-minute pricing session pools all-day liquidity from Asia, Europe and Middle East to help sharpen benchmark prices and improve order depth for spot nature-based credits.

By close of trading on 7 June 2023, bids and offers had converged to just a few cents and seven transactions totalling 12,000 tonnes of carbon credits had traded and cleared on CIX’s first standardised contract announced in March, CIX Nature X.

Bids, offers and transactions came from a variety of active market participants spanning leading project developers and suppliers, major financial institutions, trading houses and corporate end-users, demonstrating support for price discovery and market scaling. The first trades were executed by Chevron (International) Trading Pte Ltd, CICC Commodity Trading Limited, Engie Energy Marketing Singapore and Standard Chartered. Other supporters that participated include Carbon Growth Partners, DBS Bank, Hana Securities, RWE Supply & Trading, South Pole, Viridios Capital and Vitol Asia.

Chris Leeds, Head of Carbon Markets Development, Standard Chartered, said, “Nature X represents the level of transparency, pricing certainty and market representation that is critical to achieve scale and inspire confidence in carbon markets. By participating in this inaugural trading of Nature X, Standard Chartered is pleased to support the development of a liquid carbon credit market. We are confident that Nature X will become a key benchmark that will enable project developers to more effectively manage their price risks, and in doing so potentially draw more funds towards quality projects that will help cut global emissions in line with the Paris Agreement.”

John Kuehn, Supply & Trading President, Chevron, said, “At Chevron, we believe the future of energy is lower carbon and are committed to delivering more reliable, more affordable, and cleaner energy to meet the world’s growing demands. Chevron is committed to a holistic carbon reduction strategy, and participating in CIX’s new spot exchange helps us meet that goal with a portfolio of credible, verifiable, and sustainable credit units.”

Marking the debut of its pricing intelligence unveiled in May, CIX published a first assessment of USD $5.36 per tonne for leading nature-based avoidance credits with vintages of 2019-2022.

William Chin, Head of Commodities, SGX Group, said, “CIX’s successful launch of its spot trading platform is an important milestone towards enhancing liquidity and price transparency in the voluntary carbon markets. In line with SGX Group’s commitment to support global investors and companies in their transition towards net zero, we will collaborate with CIX on developing critical risk management tools that are central to achieving our collective global climate ambitions.”

Ariel Perez, Managing Partner at Vertree, a part of Hartree Partners, said, “Vertree is excited to help drive innovation and improved price discovery in the carbon market. We need continued developments like Nature X for the carbon market to live up to its promise and reach the scale needed to limit global warming to 1.5°C.”

BUILT FOR THE LONG-TERM

CIX Exchange is custom-built for extensibility and modularity to enable effective and dynamic scaling alongside market demands for new credit types, projects and standardised contracts. This provides enhanced trading and pricing functionalities to support further network, technology and data partnerships needed to scale carbon markets.

Roland Chai, Executive Vice President and Head of Marketplace Technology, Nasdaq, said, “The launch of CIX Exchange marks a significant step forward in the development and institutionalisation of the voluntary carbon market. Leveraging Nasdaq’s cloud-based trading technology, CIX will have the ability to match orders across multiple parameters, providing clear price signals to the market and empowering buyers to acquire credits specific to their requirements. With decades of experience as a market operator and technology partner to market infrastructures globally, Nasdaq is uniquely positioned to support the development of CIX’s carbon market.”

Mikkel Larsen, CEO of CIX, added, “This is an exciting chapter for CIX. The launch of our spot exchange completes the build of our core venues, which have been customised for the widest range of end-user, investor and intermediary needs. CIX is uniquely positioned to cater to all major user requirements in the carbon markets ecosystem. Our expanded breadth of solutions and unrivalled user experience reflect our purpose and shareholder vision: to leverage the power of carbon markets with trust and transparency to unlock finance – at the speed and scale necessary – to meet global climate ambitions, protect nature and safeguard local communities.”

To complement on-screen trading activities on CIX Exchange, CIX also launched a new clearing and settlement service for privately negotiated transactions, CIX Clear. The service will enhance the accessibility and scalability of carbon markets by reducing onboarding friction and counterparty risk when establishing bilateral trade relationships.

THE CASE FOR NATURE PRESERVATION

CIX Exchange currently lists 34 single nature-based projects which have been verified by Verra and curated from around the world. These projects support Reducing Emissions from Deforestation and Forest Degradation (REDD+), Improved Forest Management (IFM) and Afforestation, Reforestation & Revegetation (ARR). This includes the 11 projects that are eligible for delivery into Nature X.

Trading individually listed projects alongside standardised contracts support the evolution of carbon trading, providing an alternative avenue for the transparent discovery of pricing differentials among subtypes of carbon credits and specific project brands.

According to latest reports by the Intergovernmental Panel on Climate Change and Natural Climate Solutions (NCS) Alliance, there is no credible pathway to 1.5°C without immediate action to halt deforestation. Investing in NCS credits can help to address major gaps in funding.

Gerald Prolman, CEO of Everland, said, "This is a really important development for the voluntary carbon market as it will promote liquidity and price transparency around high integrity REDD+ projects. That is a critical step in building buyer confidence, and providing sustainable revenue streams to communities on the front lines of the climate crisis. These communities need reliable alternative sources of income over the long term to create the right incentive to preserve and protect our forests. That is the only way to ensure a tree is not worth more dead than alive."

Note to Editors:

  • CIX Exchange trading hours are Mondays to Fridays, 12:00-18:30 SGT and is complemented by a 30-minute daily pricing session at 17:00-17:30 SGT.
  • This launch follows extensive consultations with about 100 core market participants, including experienced project developers, industry and corporate end-users, merchant banks, trading houses, carbon and commodity brokerages, ratings agencies and NGOs.

About Climate Impact X

Climate Impact X (CIX) is a global marketplace, auctions house and exchange for trusted carbon credits based in Singapore, jointly owned by DBS Bank, Singapore Exchange (SGX Group), Standard Chartered and Temasek’s decarbonisation investment platform company GenZero. CIX’s mission is to bring to market and scale demand for existing, new and emerging carbon credits through a suite of solutions underpinned by trust, transparency and integrity.

CIX Marketplace offers seamless access to curated projects to reduce friction for businesses starting on their carbon compensation journey, help them go further in climate action and support corporate sustainability goals. CIX Auctions is a specialised platform for discovering the value of unique and desirable projects, newly issued credits or customised portfolios of projects. CIX Exchange enables two-way spot trading of standardised contracts and individually listed carbon credit projects, concentrating liquidity and providing the market with price transparency and risk management solutions. Follow us on LinkedIn.

To view this piece of content from cts.businesswire.com, please give your consent at the top of this page.

Contact information

Climate Impact X
Daphne Chuah
daphne.chuah@climateimpactx.com

About Business Wire

For more than 50 years, Business Wire has been the global leader in press release distribution and regulatory disclosure.

Subscribe to releases from Business Wire

Subscribe to all the latest releases from Business Wire by registering your e-mail address below. You can unsubscribe at any time.

Latest releases from Business Wire

SCENTMATIC's AI "KAORIUM" Debuts at THAMEEN Fragrance Launch in London's Selfridges4.7.2025 12:13:00 EEST | Press release

SCENTMATIC Inc., a leader in scent digitalization, introduced its AI-powered scent-to-language system, KAORIUM, at the THAMEEN Fragrance new product launch event. This pivotal event took place from June 5 to 11, 2025, at Selfridges department store in London, UK. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20250703662207/en/ State of exhibition Global Expansion: KAORIUM Establishes UK Presence Europe leads the global fragrance market, with the UK projected to reach US$2.82 billion by 2033. Recognizing this, SCENTMATIC is rapidly expanding its international footprint. In May 2024, SCENTMATIC established its overseas subsidiary, KAORIUM, in London, appointing industry expert Ben Yanoushek as CEO. Official UK operations commenced on February 1, 2025, with the launch of its dedicated website: www.kaorium.com. KAORIUM Trialed at "Florentine Diamond" Launch Event The "Florentine Diamond" launch event for luxury brand THAMEEN Frag

Global Tourism Surging Ahead of Economic Growth, With Visits to Hit 30 Billion by 20344.7.2025 02:00:00 EEST | Press release

The World Economic Forum has today published a new report forecasting that the travel and tourism industry is projected to serve 30 billion tourist trips by 2034. Travel and Tourism at a Turning Point: Principles for Transformative Growth, produced in collaboration with Kearney and the Ministry of Tourism Saudi Arabia, reveals a projected $16 trillion contribution to global GDP by the same year—representing more than 11% of the total world economy, according to World Travel & Tourism Council estimates. The report also found that the sector is expanding 1.5 times faster than the global economy, generating significant commercial opportunities as long as the mounting challenges of climate change, labour shortages and infrastructure gaps are addressed. Inbound and outbound trips increasing fast Asia is on track to become the world’s fastest-growing tourism economy, with the direct travel and tourism GDP contribution expected to exceed 7% across the region by 2034. Notably, India and China

The 2025-2026 World Branding Awards Animalis Edition Honouring Leading Pet and Animal Brands Globally3.7.2025 22:00:00 EEST | Press release

The 2025-2026 World Branding Awards Animalis Edition marked its fifth instalment, bringing together leading pet and animal brands from all around the world. These brands were celebrated for their outstanding achievements, earning recognition as National, Regional, and Global Winners. The awards ceremony, held at Vienna's prestigious Hofburg Palace, welcomed winners across diverse categories, including pet food, retail, wellness, pet exhibitions, and aquatic products. Mounia Berrada-Gouzi expertly hosted the evening, which culminated in a grand celebration of brand excellence. “The Animalis Edition of the World Branding Awards recognises brands that have achieved the highest distinction—genuine recognition in the hearts and minds of consumers. Tonight, we honour those whose names resonate globally, whose values inspire loyalty, and whose presence defines excellence in the pet and animal industry,” said Richard Rowles, Chairman of the World Branding Forum. Out of over 950 brands nominate

Venture Global Announces 20-Year Sales and Purchase Agreement with PETRONAS3.7.2025 15:59:00 EEST | Press release

Today, Venture Global, Inc. (NYSE: VG) announced the execution of a new 20-year Sales and Purchase Agreement (SPA) with PETRONAS LNG Ltd. (PLL), a subsidiary of the Malaysian state-owned oil and gas company, PETRONAS. Under the terms of the SPA, PETRONAS will purchase 1 million tonnes per annum (MTPA) of liquefied natural gas (LNG) from Venture Global’s third facility, CP2 LNG, for 20 years. This builds upon Venture Global’s existing agreement with PETRONAS for 1 MTPA of LNG supply from Plaquemines LNG. PETRONAS, a world-class partner in the LNG industry, joins other CP2 LNG customers in Europe, Asia and the rest of the world in a strategically important project to global energy supply and security. To date, approximately 10.75 MTPA of the 14.4 MTPA nameplate capacity for CP2 Phase One has been sold. About Venture Global Venture Global is a long-term, low-cost provider of U.S. LNG sourced from resource rich North American natural gas basins. Venture Global’s business includes assets ac

Frost & Sullivan Recognizes Novotech as 2025 Global Biotech CRO Company of the Year3.7.2025 15:05:00 EEST | Press release

In recognition of its innovation, client-focused delivery, and global impact, Novotech has been awarded the 2025 Global Biotechnology Contract Research Organization (CRO) Company of the Year by Frost & Sullivan. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20250703950144/en/ Novotech Wins Global CRO Award Novotech is a globally recognized full-service clinical CRO and scientific advisory firm, trusted by biotech and small- to mid-sized pharmaceutical companies to advance their drug development programs at every phase. With a global footprint spanning Asia-Pacific, North America, and Europe, Novotech supports over 5,000 clinical trial sites and a distributed team of experts delivering seamless, end-to-end solutions across geographies. “Novotech is redefining biotech-focused clinical research through AI-driven innovation, global expansion, and a client-embedded partnership model. With a clear vision to be the CRO of choice for

In our pressroom you can read all our latest releases, find our press contacts, images, documents and other relevant information about us.

Visit our pressroom
World GlobeA line styled icon from Orion Icon Library.HiddenA line styled icon from Orion Icon Library.Eye