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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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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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ACE Featured News JSE Xpansiv
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Xpansiv CBL to Launch First ICVCM CCP® Standardized Contracts on July 23

Xpansiv CBL to Launch First ICVCM CCP® Standardized Contracts on July 23

NEW YORK, LONDON, SYDNEY — Xpansiv’s CBL spot exchange will launch trading of a new set of standardized contracts aligned with The Integrity Council for the Voluntary Carbon Market’s (ICVCM) Core Carbon Principles (CCP®) on July 23. The new registry-specific Global Emissions Offset™ (GEO®) contracts will enable buyers to take delivery of CCP-approved credits from the ACR, Climate Action Reserve (CAR), and Verra (VCS) registries, respectively.

CCP-labelled carbon credits are the result of the ICVCM’s independent assessment process, which identifies the carbon crediting programs and methodologies that meet the high-integrity CCP criteria, including the CCPs on additionality, quantification of emission reductions and removals, permanence and ensuring positive social and environmental impacts.

“We are delighted that Xpansiv has launched the first CCP-labelled standardized contracts,” said Amy Merrill, CEO, ICVCM. “The Core Carbon Principles label is an identifiable, consistent, global high integrity quality mark for carbon credits. As CCP-labelled carbon credits start to become available on carbon exchanges, buyers will be increasingly able to use the CCP label to choose high-integrity carbon credits and we can continue to build confidence in this important tool for climate action and climate finance. With this important milestone, Xpansiv has advanced the collective journey to scaling voluntary carbon markets to help achieve private climate finance flows and climate action at scale.”

Credits from ICVCM CCP-approved programs and methodologies are deliverable into the respective registry-specific GEO contract. As additional methodologies are approved, the corresponding credits will be deliverable into the contracts automatically once they are tagged in the registry.

“We support the ICVCM’s efforts to bring greater clarity and a recognized set of Core Carbon Principles to enable VCM participants to identify high-integrity credits,” said John Melby, Chief Executive Officer, Xpansiv. “We believe our new CCP GEO contracts will provide transparent price discovery and enhanced liquidity formation to this important new market segment.”

The new CCP standardized instruments will enable market participants to trade on CBL’s fully transparent spot exchange with hundreds of active VCM buyers and sellers. Exchange transactions are settled on a same-day (T+0) cycle. OTC trades can also be settled through CBL’s post-trade mechanism, which is integrated with leading carbon registries.

The new CCP contracts will be settled daily to the Platts price assessments from S&P Global Commodity Insights, the leading global price reporting agency in the carbon markets. Platts currently provides daily settlement values for the existing CBL GEO®, N-GEO®, C-GEO®, and SD-GEO® standardized instruments.

In addition to listing registry-specific CCP standardized contracts, Xpansiv is developing a new, multi-registry standardized CCP GEO contract. The contract is being designed in an extensive market consultation, which commenced in the first quarter of 2024.

The ICVCM developed its CCPs to establish a threshold for high-integrity project credits. The first set of seven qualifying CCP methodologies were announced on June 6.

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Media Contact: pr@xpansiv.com
Markets Contact: exchange@xpansiv.com.

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ACE Featured News JSE Xpansiv