A powerhouse is being created in the global carbon markets with Xpansiv, a major platform for environmental markets, announcing Thursday it is acquiring Evolution Markets, one of the world’s largest emissions brokerages.
The acquisition of Evolution will bolster its already significant presence in the VCM, bringing the broker’s 2,000-strong customer base together with the CBL platform, which hosts both CBL’s suite of standard contracts – the GEO complex – as well as bespoke VCM deals.