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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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H2OX supports efficient, transparent trading of water entitlements and allocations in Australian water markets. By introducing state of the art technology to the sale and purchase of water and associated products, H2OX has streamlined the market, providing independence, efficiency, transparency and 24/7 real-time trading to owners and users of water.

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Aviation Carbon Exchange is a partnership between CBL and IATA to provide a marketplace for emissions-compliance obligations under the Carbon Offset Reduction Scheme for International Aviation (CORSIA). CORSIA addresses the increase in total CO2 emissions from international aviation above 2020 levels.

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OTX is a leading market-access provider for compulsory stockholding obligations (CSO) tickets—a product related to the oil sector regulation. OTX is rapidly expanding into markets for renewable fuels and renewable-fuel certificates.

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Environmental Management Account (EMA) is a comprehensive portfolio-management platform with a unique account structure that makes it easy to consolidate and transact environmental commodities across multiple regulatory regimes, all from one intuitive interface.

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The JSE Ventures Carbon Market is a comprehensive marketplace for buying and selling carbon and renewable energy credits via Xpansiv CBL, the largest venue for environmental commodities. The marketplace provides direct access to hundreds of live carbon credit and renewable energy certificates (RECs) on a live marketplace with full depth-of-market view and online order types.

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Xpansiv CBL Sets Compliance REC and LCFS Volume Records in Q1 

 

NEW YORK, LONDON, SYDNEY — Xpansiv, the leading market infrastructure provider for the global energy transition, today announced that compliance renewable energy certificate (REC) volume on its CBL spot exchange set a record of 494,249 MWh in the first quarter of the year. A record 61,600 California Low Carbon Fuel Standard contracts were also traded on the spot exchange.  

 

REC activity was led by 334,846 MWh of PJM and 143,689 MWh of NEPOOL transactions. An additional 388,238 MWh of voluntary RECs were traded on CBL during the period, bringing the total REC volume to 867,799 MWh. Total CBL REC volume in the first quarter was 29% higher than Q2 of 2023, when the previous compliance REC record of 470,058 MWh was established.  

 

“Growth of our compliance REC business continues to demonstrate the utility of Xpansiv infrastructure to the US renewables markets,” said Ben Stuart, Chief Commercial Officer, Xpansiv. “Our strong position as the platform of choice for corporates seeking products to satisfy reporting obligations and net-zero commitments continues to make Xpansiv an essential partner for the global energy transition.” 

 

The volume growth reflects the benefits of CBL’s fully transparent central limit order book and T+0 post-trade settlement infrastructure. Its unique connectivity with leading global REC and carbon registries is instrumental in facilitating OTC block trades. The infrastructure enables OTC transactions to be settled with hundreds of CBL participants without the need for bilateral counterparty agreements or credit lines. 

 

Xpansiv supports more than one hundred voluntary and compliance REC products. These include North American and Australian RECs as well as I-RECs. Xpansiv’s registry business also offers voluntary global RECs through its TIGRS product, which will play a bigger role in global reporting frameworks as they mature in the near future.”

 

About Xpansiv 

 

Xpansiv operates the market infrastructure to rapidly scale the world’s energy transition. The company runs the largest spot exchange for environmental commodities, including carbon credits and renewable energy certificates. It is the premier provider of registry infrastructure for energy, power, and environmental markets. It also operates the largest independent platform for managing and selling solar renewable energy credits in North America.  

 

Xpansiv is a leading provider of transaction and advisory services in global carbon, renewable energy, and energy transition markets through its Carbon Financial Services and Evolution Markets units. It also runs the leading multi-registry, multi-asset environmental portfolio management system and market data service.  

 

Xpansiv’s rules-based markets and infrastructure enable stakeholders to deliver transparent, credible, and auditable environmental claims to address the growing global demand for assurance and accountability on climate action and sustainability performance. 

 

Xpansiv investors include Blackstone Group, Bank of America, Goldman Sachs, Macquarie Group Ltd., S&P Global Ventures, Aware Super, BP Ventures, Commonwealth Bank, and the Australian Clean Energy Finance Corporation.