CBL Markets Partners with UN Climate Change to List CERs on Global Exchange

SYDNEY, LONDON, NEW YORK – 24 May 2018– CBL, largest spot exchange operator for energy and environmental commodity markets, today announced a partnership with the UN Climate Change, to list Clean Development Mechanism (CDM) certified emissions reduction credits (CERs) on its global exchange.

Under the partnership, CBL will integrate with the UN Climate Change CDM Registry in order to facilitate the listing, purchase and cancellation of CER units alongside other global compliance and voluntary products on its global energy and environmental trading screen, making it one of the first electronic trading venues to list these products, adding to its already wide selection of tradeable global carbon products.

For a product which has historically relied on over-the-counter trading, CBL is well positioned to provide a seamless exchange-traded solution to assist participants looking to voluntarily offset CERs, as well as those who have obligations under compliance programs, such as the Colombian Carbon Tax, the South Korea national emissions trading system and potentially CORSIA.

“CBL has been supporting global carbon markets since 2010, bringing innovation, liquidity and transparency to environmental commodity markets. The addition of CERs to our existing global market screen is a reflection of the demand from our clients and market participants,” said Ben Stuart, Managing Director at CBL Markets.

“Given the increasing appetite for CERs across both voluntary and compliance carbon markets, combined with the transparency and price discovery of our exchange, we expect significant demand for CERs via the CBL platform.

Niclas Svenningsen from the UN Climate Change explained: “We are happy to work with CBL to make UN certified emission reductions available to a wider group of users. Clean Development Mechanism CERs are from emission-reduction projects that contribute to sustainable development. The CBL cooperation thereby offers a win-win solution for users who wish to offset their climate footprint while supporting real emission reductions in developing countries.”

By listing CERs, CBL expects to promote increased participation, price transparency, and confidence in the broader carbon markets, which play a pivotal role in connecting buyers and sellers to achieve climate mitigation.

CBL has partnership agreements with environmental registries, financial intermediaries, all major carbon standards and industry associations, which play a safeguard role for the issuance and validity of offsets.

About CBL
CBL is a global exchange providing market participants with access to the world’s energy and environmental commodity markets. With a vision of bringing efficiency, transparency and liquidity to commodities markets, our exchange connects buyers and sellers around the world to facilitate the secure and seamless trading of energy and environmental commodities, including carbon, renewable energy and water.

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