“Opening up the world’s largest market”.
London; Chennai; In another historic step for the world’s first and still largest Voluntary Carbon Exchange, CTX has partnered with legendary SASA ENVIRO a long standing and revered Chennai-based Environmental and Agricultural Solutions provider.
Agreements were signed in late October to initiate a National Master License to operate CTX in India, which will also operate a White Label version of the CTX platform to deliver an Indian operated, owned, and branded version of the world’s first and leading global Voluntary Carbon platform, Carbon Trade Exchange (CTX).
This grants Indian buyers – Corporate, Brokers and institutions – immediate access to hundreds of projects worldwide, with millions of credits listed on CTX across many nations ready for T+0 clearance and settlement.
In addition, new or existing credits issued by the Various Registries interfaced with CTX can be listed on the CTX India platform and CTX globally, at the price the seller determines from any CTX approved registry. Registry account holders who open an account with CTX India once they pay their Membership account registration fees, will have no costs to list their credits, with only a 5% fee on the sale of their credits, with no additional fees incurred to transfer and retire their credits respectively.
“This is the beginning of the future India has said it wanted from the Paris Agreement in 2015” according to Wayne Sharpe, CEO & Founder of the CTX & Global Environmental Markets (GEM group).
“We are excited to be partnering with experienced world class Carbon Market technology leaders in CTX” says SASA Enviro CEO, Suresh Jadhav, who also co-founded Tree Ambulance Foundation with his business partner Dr. Abdul Ghani better known as ‘The Green Man of India’. As the CTX team head to COP28 in Dubai for the formal launch at the IETA Business Hub, Suresh adds “We expect the response from buyers, projects, communities and governments will be outstanding. This is a great opportunity to accelerate India further into the global Climate Economy and contribute to the global call to save our planet. We will be rapidly expanding the CTX India Business Development team, after training by CTX Global in November and December”.
Wayne added “It is with great pride and pleasure we see the passion and commitments to the future of Carbon Credits in India, which is one of the largest Carbon Markets on earth. This is why we built this technology, to deliver financial Climate Finance support for ecological actions taken and benefits to projects and nations on the ground. “
About GEM/CTX:
GEM is a world-renowned Fintech company licenses registry software solutions and the Trading Exchange Technology for environmental commodity markets. Additionally, it is an approved vendor to the World Bank.
Carbon Trade exchange (CTX) is a strategic partner of the UNFCCC CDM since 2017 and has spot transacted over 600 Million credits via up to eight different Credit Standards simultaneously and globally, 24/7/365 for over 15 years.
About SASA Enviro
SASA Enviro and Agrotech is an earth-loving company and a pioneer in the arena of environmental sustainability. Powered by experienced and diverse teams, we take pride in undertaking turn-key initiatives in various arenas related to environmental conservation, regeneration and protection.
