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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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CBL EMA Featured News Xpansiv
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CBL Has Record First Trading Day for SD-GEO

CBL Has Record First Trading Day for Sustainable Development Global Emissions Offset


SYDNEY, NEW YORK, SAN FRANCISCO – 6 December 2022 — Xpansiv, the premier market-infrastructure platform for environmental commodities, today announced first trades of the Sustainable Development Global Emissions Offset™(SD-GEO™) on Xpansiv market CBL. Participants supporting the contract include South Pole, BMO, Carbon Growth Partners, Hartree Partners, EKI Energy Services Limited, and ICAP Energy LTD. First day volume totaled 210,000 mtCO2e, an all-time high for a product launch, with prices ranging between $10.50 and $11.00.

Announced earlier this month, the SD-GEO contract provides a benchmark for market participants to transact high-quality carbon offsets from projects with measurable social impact; the SD-GEO allows for delivery of cookstove projects with a minimum of five Sustainable Development Goals (SDGs) from the Verra or Gold Standard registries.

“Beyond net-zero goals, corporates are increasingly seeking offset projects with community co-benefits,” said Russell Karas, Xpansiv Head of Carbon Market Development. “Clean cookstoves not only mitigate emissions, but they also bring improvements to the developing world—a global mandate on the heels of COP27.”

“Approximately 30% of global greenhouse gas emissions from forest degradation come from people harvesting forests for fuel,” said Gold Standard CEO Margaret Kim. “And exposure to smoke from cooking fires causes an estimated 3.2 million deaths every year. Directing finance to projects that support the growth of clean cooking is good for people, communities, and the planet—meaning that people around the world will live longer, healthier lives while reducing emissions.”

Eligible projects are carefully vetted under the CBL Standard Instruments Program that contains the Global Emissions Offset™ (GEO®), the first in this series developed by Xpansiv, as well as the Nature-Based Global Emissions Offset™ (N-GEO®), “widely seen as the frontrunner to become the VCM’s biggest price benchmark,” according to Quantum Commodity Intelligence.

“As the international carbon market continues to mature, this innovative contract will bring transparency and price certainty to a vital subset of the offset market,” said Xpansiv Chief Commercial Officer Ben Stuart. “We provide the liquidity and transparency the market requires to ensure wide-scale investment in projects that offer direct, measurable solutions to the climate crisis.”

“The launch and first trade of the SD-GEO demonstrate the ability of the voluntary carbon market to advance both climate mitigation and sustainable development at the same time,” said Verra CEO David Antonioli. “Verra is committed to supporting the market by ensuring the quality and integrity of the units it issues and ensuring that projects generating sustainable development benefits can showcase those impacts.”


About Xpansiv

Xpansiv provides the market infrastructure and data platform for carbon, renewable, and digital-energy commodities. These Intelligent Commodities bring transparency and liquidity to markets, empowering participants to value energy, carbon, and water to meet the challenges of an information-rich, resource-constrained world. The company’s main business units include CBL, the largest spot exchange for ESG commodities, including carbon, renewable energy certificates, and Digital Natural Gas; H2OX, the leading spot exchange for water; XSignals, which provides end-of-day and historical market data; EMA, the leading multi-registry portfolio management system for all environmental commodities; and APX, the leading provider of registry infrastructure for energy and environmental markets. Xpansiv is the digital nexus where sustainability and price signals merge. Xpansiv.com

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CBL EMA Featured News Xpansiv