Introducing the first suite of standardized contracts for programs and methodologies approved under the Integrity Council for the Voluntary Carbon Market’s (ICVCM) Core Carbon Principles (CCP). The standardized contracts provide VCM participants with a streamlined way to integrate high-integrity ICVCM CCP credits into their energy transition goals.

The first set of CCP contracts are specific to leading carbon registries, including ACR, Climate Action Reserve (CAR), and Verra (VCS). The CCP-ACR, CCP-CAR, CCP-VCS deliver CCP credits from the respective registries at the end of the trading day (T+0).

The CCP standardized contracts enable market participants to transact carbon credit that meet ICVCM CCP criteria for robust and verifiable emissions impact. That’s because underlying each contract is a credit tagged by a CCP-approved carbon-crediting program and generated using methodologies that are approved under the CCP Assessment Framework.

Registry-Specific CCP-GEO Contracts

 

Xpansiv CBL’s initial CCP-GEO contracts are designed as single registry instruments. This design is consistent with our N-GEO and C-GEO standardized instruments, which enables participants to receive or deliver credits from their preferred registry, or registries, and obviates any necessity to open accounts at registries beyond the one corresponding to the CCP credits a participant wants to transact.

CCP-ACR: The CCP-ACR contract is a single-registry, standardized instrument delivering credits that have been tagged as CCP approved by ACR, a CCP-approved carbon crediting program, and issued under CCP-approved methodologies.

CCP-CAR: The CCP-CAR contract is a single-registry, standardized instrument delivering credits that have been tagged as CCP approved by the Climate Action Reserve, a CCP-approved carbon crediting program, and issued under CCP-approved methodologies.

CCP-VCS: The CCP-VCS contract is a single-registry, standardized instrument delivering credits that have been tagged as CCP approved by the Verra Registry, a CCP-approved carbon crediting program, and issued under CCP-approved methodologies.

Xpansiv CBL’s integration with each registry ensures that the credits are issued under CCP-approved methodologies and have CCP labels, maintaining the integrity and reliability of the standardized instruments.

What is the Integrity Council for the Voluntary Carbon Markets and what are the Core Carbon Principles?

The Integrity Council for the Voluntary Carbon Market (ICVCM) is a multi-stakeholder, independent governance body that seeks to establish and maintain widely recognized standards for the global voluntary carbon market. The Core Carbon Principles (CCP), are the Council’s benchmark for high-integrity carbon credits consisting of 10 fundamental science-based principles.

ICVCM’s CCP Assessment Framework can be found here: 
https://icvcm.org/assessment-framework/

Join CBL and Simplify Your Carbon-Offset Solutions

The CCP suite trades on the CBL exchange, offering a streamlined solution to participants who want to purchase credits that comply with the rigorous Core Carbon Principles. When you buy a contract, you purchase underlying carbon credits that have been tagged by a CCP Eligible program and that has been generated using methodologies that adhered to the ICVCM CCP Assessment Framework.

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