CBL®: The Premier Environmental Commodities Marketplace
CBL® is the world’s largest and most active spot marketplace for environmental commodities. The platform’s transparent matching engine and automated settlement mechanism make it the trusted choice for participants globally, and underpin partner exchanges around the world.
1,100+
Participants from over 200 active commercial, financial and industrial organizations
300 Million
Tonnes of carbon traded via CBL since 2020, including exchange-matched and OTC-settled transactions
T+0
Automated same-day settlement of CBL-matched trades
Renewable Energy
Trade voluntary and compliance renewable energy certificate (RECs) with confidence on CBL’s fully transparent, centralized order book.
Carbon
Trade carbon credits and standardized GEO® CCP and CORSIA contracts on the world’s largest carbon credit venue.
Products & Services
CBL innovations have led the environmental commodities markets for years. Leading organizations benefit from its robust trading and settlement capabilities and full range of order types, auction and RFQ mechanisms to optimize their market access.
Renewable Energy Certificates (RECs)
Trade voluntary and compliance RECs – both US and international RECs (I-RECs) – on CBL’s fully transparent order book. Settle OTC trades through CBL’s automated post-trade settlement infrastructure.
Carbon
Trade voluntary and compliance carbon credits and benchmark instruments on the world’s most active spot carbon credit marketplace. Trade on bids and offers submitted by market participants and settle OTC trades through CBL’s automated post-trade infrastructure.
Leading Capabilities
Harness the Power of Auctions to Maximize Your Returns
Xpansiv auctions enable participants to bid and offer directly into the world’s deepest VCM liquidity pool. Generate bids and offers from hundreds of active market participants, including corporate buyers, fund managers, trading houses and financial intermediaries. Participants can choose from a range of auction types and leverage Xpansiv’s infrastructure for same-day settlement of credits and payments.
Auctions
- Monitor Xpansiv market data and live pricing to gauge real-time market conditions
- Connect instantly with hundreds of CBL market participants
- Benefit from Xpansiv’s marketing services to generate buyer demand
- Leverage our automated platform for seamless auction and settlement capabilities
RFQs (Requests for Quote)
- Buyers or sellers set the specifics – project type, volume, price, timing and vintage
- The RFQ is distributed across CBL’s global participant base, reaching active counterparties
- Interested participants submit quotes, creating a tailored, competitive marketplace
- Negotiate terms, then finalize through CBL’s platform with immediate T+0 settlement
Get More Value from the Xpansiv® Platform
Xpansiv® Connect™
Unified visibility and full lifecycle management of credits across 15+ registries covering renewable energy, carbon and more
Xpansiv® Data™
CBL spot transaction and bid/offer data supplemented by spot and forward data from Evolution Markets®
Evolution Markets®
The leader in environmental markets brokerage, structured transactions, risk management and net zero consulting services
Xpansiv® Registries™
The leader in environmental commodities registries; issue, track and transfer RECs, carbon and more
