Today the UNFCCC and Carbon Trade eXchange (CTX) announce a collaboration to further strengthen the UN’s Climate Neutral Now initiative.
The collaboration will make it possible to access UNFCCC Certified Emission Reductions (CERs) for voluntary cancellation via the CTX global voluntary carbon market exchange. This is the first example of a new partnership model that UNFCCC offers carbon market exchanges, wishing to include CERs in their portfolios.
Since its launch in 2015 the Climate Neutral Now initiative has engaged a global audience in the fight against climate change, encouraging actors to measure and reduce their climate footprint as much as possible, and facilitating the purchase and retirement of CERs by individuals and businesses, to compensate for remaining unavoidable carbon footprint.
CTX, which has been operating since 2009 in the voluntary carbon market, was designed specifically to provide a comprehensive choice for the offset step; the ability to select projects by a range of parameters to build an offset portfolio online; perform full due diligence online; demonstrate competitive, transparent pricing; and purchase securely in real time with zero delivery risk.
Wayne Sharpe, Founder of CTX, said: “Since its launch CTX has focussed on voluntary offset purchases certified by the major voluntary carbon standards such as Verified Carbon Standard (VCS) and Gold Standard. Many businesses wish to offset using UN certified credits but have lacked the confidence to do so via the opaque ‘over the counter’ market. We’re delighted that CTX will address this and help to grow the market for climate neutrality.”
Niclas Svenningsen from the UNFCCC explained: “This agreement will provide a new and welcome opportunity for all stakeholders to invest in climate action through CDM projects, as part of a wider climate action portfolio. The agreement will also support projects under the United Nations Clean Development Mechanism (CDM) to reach a wider audience for monetising their CERs and thereby fund continued emission reduction activities.”
CTX allows companies worldwide to easily purchase UN Carbon Offsets online via easy-to-use technology where they can search by country, project type, vintage, price and volume; review project documentation; and purchase in real time. The CTX platform operates 24/7 on any internet connection, is fully secure and provides fast, efficient and low cost clearance and settlement.
CTX’s Parent company Global Environmental Markets designs and builds unique exchange technologies such as CTX Exchange, which was launched in 2009 in Sydney after 2 years of R&D in London.
For more information, please contact the following:
Carbon Trade eXchange
UNFCCC Press Room
To download a copy of this press release, please click here.