New standardised cookstove-based carbon contract starts with a flourish

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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December 7, 2022

By Rob Dalton

Several companies traded Xpansiv CBL’s new standardised contract for cookstove offsets on its launch day on Monday, with units representing some 210,000 tonnes of CO2e changing hands. Large project developers such as South Pole and EKI Energy Services, as well as investors such as Carbon Growth Partners, Hartree Partners and BMO, a US bank, and the intermediary ICAP Energy traded the Sustainable Development Global Emissions Offset (SD-GEO), with prices ranging from $10.50 to $11.

“Clean cookstoves not only mitigate emissions, but they also bring improvements to the developing world—a global mandate on the heels of COP27,” said Russell Karas, Xpansiv’s head of carbon market development.