Xpansiv to Commence Consultation on ICVCM Core Carbon Principles Market Development

Input Sought on Operational Logistics, Trading of CCP Credits, and Standardized Contract Design 

NEW YORK, LONDON, SYDNEY – 27 November 2023 – Xpansiv, the leading market infrastructure provider for the global energy transition, will undertake a formal market consultation to support the tracking, management and trading of instruments aligned with the Integrity Council for the Voluntary Carbon Markets’ (ICVCM) Core Carbon Principles (CCP). The consultation will enable Xpansiv to develop a robust program to support the trading of CCP-eligible credits, and to design an effective, standardized spot market contract, or contracts, to support the trading of ICVCM CCPs when the first approved credits become available, likely early next year.

The consultation will extend to all VCM stakeholder groups, including registries, partners, and direct market participants from corporate sustainability teams, project developers, trading houses, intermediaries, banks, and asset managers. It will cover logistical considerations, including how to best support straight-through-processing of CCP-eligible credits from registries through Xpansiv’s portfolio management system, and its CBL spot exchange for trading and post-trade settlement and delivery.

“In our roles as an infrastructure provider for the energy transition and market operator, our primary responsibility is to ensure market integrity, which will need to go hand in hand with the important work that ICVCM is doing to ensure environmental integrity,” said Henrik Hasselknippe, Xpansiv’s Chief Operating Officer. “Given our many business lines that support the carbon market ecosystem and universe of 700 plus market participants, we are uniquely placed to aggregate input from active traders, users of registry services, and brokerage customers. We’ve been engaged with the ICVCM since its early days and support its important work, which is significant to the future development of the global carbon market.”

The market consultation will formally start tomorrow at 9 am (EST) and run through January 31, 2024. A notice outlining the consultation scope and how to participate is available here.

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 operates 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.

For more information, please visit Xpansiv.com


Media Contacts 

Peter Burton, Xpansiv, pburton@xpansiv.com

Cognito Media for Xpansiv, xpansiv@cognitomedia.com

Market Contact