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CBL provides access to the world’s energy and environmental markets. With a vision of bringing efficiency, transparency and liquidity to environmental markets, we connect buyers and sellers around the world to facilitate the secure and seamless trading of products in environmental commodity markets.

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H2OX supports efficient, transparent trading of water entitlements and allocations in Australian water markets. By introducing state of the art technology to the sale and purchase of water and associated products, H2OX has streamlined the market, providing independence, efficiency, transparency and 24/7 real-time trading to owners and users of water.

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Aviation Carbon Exchange is a partnership between CBL and IATA to provide a marketplace for emissions-compliance obligations under the Carbon Offset Reduction Scheme for International Aviation (CORSIA). CORSIA addresses the increase in total CO2 emissions from international aviation above 2020 levels.

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OTX is a leading market-access provider for compulsory stockholding obligations (CSO) tickets—a product related to the oil sector regulation. OTX is rapidly expanding into markets for renewable fuels and renewable-fuel certificates.

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Xpansiv® Connect™ is the open access collaboration hub to the market leading trading, post-trade settlement, meta-registry and portfolio management platforms

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Xpansiv®’s Market Data & Analytic suite of products provide access to real-time marketplace and intermediary data, alongside tools to inform trading activity.

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The JSE Ventures Carbon Market is a comprehensive marketplace for buying and selling carbon and renewable energy credits via Xpansiv CBL, the largest venue for environmental commodities. The marketplace provides direct access to hundreds of live carbon credit and renewable energy certificates (RECs) on a live marketplace with full depth-of-market view and online order types.

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Blog:
Featured
Posted By: Jeffrey Berman
Date:

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COP29 Agreements at the Negotiating Table Complemented by Other Developments to Scale the Carbon Markets

The COP29 talks were gaveled to a close last week, giving the legions of negotiators and observers a chance to reflect on the key themes of the past few weeks.  Xpansiv is thrilled to see the finalization of key details around Article 6 trading.  Beyond the negotiating table, several exciting developments bode well for the future of Article 6 and the Voluntary Carbon Market (VCM).

  1. A Focus on Interoperability: Over the past year, Xpansiv has worked closely with our trusted partners at the World Bank to define and implement “interoperable” infrastructure. In a world with multiple providers of registry technology, market platforms, ratings, and other services, we need to focus on core areas for collaboration. These include implementing a Common Data Language across systems and establishing minimum information security requirements to ensure system integrity. Discussions among other service providers in the Blue Zone pavilions emphasized these same points.
  2. A New Role for Insurance: The conversation around carbon credit insurance, which has been simmering for a few years, came to a boil at COP29. The possibility of host country revocation has been a roadblock in the development of the Article 6 and CORSIA markets. However, the World Bank’s Multilateral Investment Guarantee Agency (MIGA) announcement of a Letter of Authorization template, along with similar products from private insurers, is a critical step towards addressing concerns around revocation and reversals. This can help scale the carbon markets quickly.
  3. Regional Initiatives Come to the Fore: While Article 6, CORSIA, and the broader VCM are global initiatives, they have inspired a range of region-specific initiatives. Notably, the Regional Voluntary Carbon Market Company (RVCMC) formally launched its carbon market exchange platform in Baku. Other regional groups are working towards similar initiatives, highlighting the inherent scalability of carbon credits, where a global mechanism can be easily tailored to regional circumstances and needs.

The developments at COP29 were a great way to end 2024, and we’re looking forward to supporting the continued development of Article 6, CORSIA, and the VCM in 2025.

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