Just as Xpansiv gives gas producers the ability to create a certificate granting them credibility around the production attributes of the gas, such as low methane emissions, which would generate more certificates, so too could miners “effectively get paid” for having low fugitive emissions in their processes.

Both CBL and Xpansiv’s water exchange H2OX set volume records in 2020 with strong growth in carbon, RECs and water, as more companies committed to net-zero goals, including airlines devastated by the pandemic. CBL traded a total of 31.37 million tonnes of carbon in 2020, increasing 217% year over year, it said in a recent 2020 review. “We see these carbon commitments expanding in 2021, encompassing measurable offsets and differentiated fuels valued according to environmental impact,” CBL said in the annual review.