NY-XPANSIV
29.11.2022 15:01:36 CET | Business Wire | Press release
Xpansiv, the premier market-infrastructure platform for environmental commodities, today announced the launch of CBL Auctions. As the world’s largest carbon-offset exchange, Xpansiv market CBL offers real-time insight into voluntary carbon, including quotes, portfolio tracking, charting, OTC trading, and now an electronic auction service that helps project developers earn top dollar for their carbon credits.
“CBL is the world’s first trading platform to integrate with 24 registries and provide more than 200 environmental spot commodities on a single screen,” said Russell Karas, Xpansiv Head of Carbon Market Development. “Now with CBL Auctions, participants can choose from a variety of auction types, leveraging CBL’s infrastructure for credits and payment transfers. We make it easy to customize your delivery terms and products, or you can use standardized CBL instruments to simplify the process.”
CBL Auctions is designed to streamline the process of marketing and selling carbon credits. Participants can connect to thousands of CBL carbon customers, concentrate focus on predetermined liquidity events, and capture and report auction data to improve price discovery.
“CBL Auctions will help us market projects that bring substantial benefits to the environment and impact investment for local communities,” said Federico Ortiz Mejia, Director of Terra Commodities, the first project developer to participate in CBL Auctions. “The Condoto REDD+ project is in Colombia´s Chocó Darien Global Ecoregion, a mega-diverse tropical rainforest ecosystem considered a Global Biodiversity Hotspot—one of 25 locations prioritized for conservation due to high biodiversity and deforestation threats.”
The project includes Verra’s Climate, Community, and Biodiversity (CCB) standards as well as vital Sustainable Development Goals (SDGs), such as poverty alleviation and the implementation of socially and economically sustainable development options for communities in the region. The project will go to auction early Q1, offering vintage years 2019–2021, with 350K–400K tons offered. More project information can be found here.
The announcement follows the launch of the Sustainable Development Global Emissions Offset™ (SD-GEO™), a standardized carbon-offset contract that provides a benchmark for market participants to transact high-quality offsets from projects that also deliver high social impact. The SD-GEO will allow for delivery of cookstove projects with a minimum of five SDGs from the Verra or Gold Standard registries.
About Xpansiv
Xpansiv provides the market infrastructure and data platform for carbon, renewable, and digital energy commodities. These Intelligent Commodities bring transparency and liquidity to markets, empowering participants to value energy, carbon, and water to meet the challenges of an information-rich, resource-constrained world. The company’s main business units include CBL, the largest spot exchange for ESG commodities, including carbon, renewable energy certificates, and Digital Natural Gas; H2OX, the leading spot exchange for water; XSignals, which provides end-of-day and historical market data; EMA, the leading multi-registry portfolio management system for all environmental commodities; and APX, the leading provider of registry infrastructure for energy and environmental markets. Xpansiv is the digital nexus where sustainability and price signals merge. Xpansiv.com
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