Xpansiv at COP 29: Enabling Climate Action through Market Infrastructure
As Xpansiv’s delegation joins the thousands of energy transition stakeholders converging on Baku, we are bringing a message of optimism around the readiness of existing, robust, and interoperable market infrastructure to support any and all policy outcomes from the annual gathering.
From our perspective, market infrastructure enables policies to be realized.
Our view is that clear and straightforward policies will provide a more workable framework for nations to develop and implement markets to support their climate ambitions. They will further provide the clarity and legal certainty that market participants require to engage, which is critical to drive scale.
Although simplicity has myriad benefits, it is rarely the hallmark of the environmental commodities markets. Nonetheless, we have mapped out the system elements of even the most complex and esoteric policy prescriptions and corresponding market constructs being floated in advance of the COP. Through that exercise, we have determined that not only can our infrastructure support them all, but that it already does across the carbon, renewable energy, water, power, low-carbon, sustainable, and digital fuels markets we operate currently.
We hope this finding will bring a measure of optimism around market microstructure and technology to the COP. We will know more following meetings with governmental minsters, policy makers, financial institutions, companies, and multilateral organizations in the coming days.
Jeff Berman, Senior Director, Registries, and John Melby, CEO, will be in Baku.
John will be participating in The World Bank’s “Raising Finance for Climate Action through Paris Aligned High Integrity Carbon Markets” event. There he will be discussing the Roadmap for Safe, Efficient, and Interoperable Carbon Markets developed by the Bank’s Carbon Markets Infrastructure Working Group, which was convened following COP28.
Additionally, John will take part in a joint MIGA-IATA event, bringing together key stakeholders from the aviation and technology sectors to explore how World Bank Group guarantees can facilitate CORSIA’s successful implementation. He will lead the discussion on how technology solutions are supporting CORSIA compliance and the impact guarantees can have on scaling trading volumes.
Our delegation will also be participating in the launch of the Regional Voluntary Carbon Market Company’s exchange platform. The platform is fully integrated with Xpansiv Connect, which provides integration with leading VCM registries to facilitate automated trade settlement and full-lifecycle portfolio management.
We hope to see you in Baku!
