CBL is in a fortunate position because of our partnership with the International Air Transport Association (IATA). Together, we have developed the Aviation Carbon Exchange (ACE). The ACE is the first centralised marketplace for carbon offsets for the airline industry. It provides airlines with the ability to identify, select, and transact both voluntary and compliance carbon offsets via a simple, secure electronic interface. As a result, we count numerous airlines as clients. The ACE helps the sector by providing transparent price signals and actionable market insights to help build better market intelligence, thus ensuring airlines can meet their long-term decarbonisation goals.