Climate Impact X

🎉 CIX is pleased to announce that we’ve successfully facilitated our first-ever trade of Puro.earth CO2 Removal Certificates (CORCs)!   The transaction between Alcom and Standard Chartered involved vintage 2023 CORCs from Alcom’s NuevaChar facility in the Philippines, where rice husks are utilised as feedstock for biochar production. #Biochar is one of the most advanced technology-based carbon removal methods on the planet.   According to the IPCC, carbon removals are essential in all pathways limiting global warming to 1.5°C. Biochar alone could help remove a staggering 1.1 to 3.3GtCO2e per year by 2030.   Founder & CEO at Alcom, Prateek Tiwari, said “This inaugural Biochar credits deal between Alcom and Standard Chartered – using Climate Impact X’s Clear platform has truly put Singapore on the carbon removals world map. Standard Chartered is at the forefront of banking sector engagement in the removals space and we would like to especially thank them for supporting CDR projects in Southeast Asia. We are ramping up our Biochar production activities in the region and look forward to many such transactions in the near future”.   Head of Carbon Markets Development at Standard Chartered, Chris Leeds, added, “We’re delighted to have worked with Alcom and Climate Impact X (CIX) to execute this purchase of high-quality carbon removal (CDR) credits using CIX’s clearing platform. Alcom has been issued CDRs under the Puro biochar methodology for the NuevaChar facility in the Philippines, which Standard Chartered has purchased via CIX’s clearing platform. Standard Chartered is pleased to support this first for CIX, which demonstrates our continued support for the developing CDR market and our commitment to global net zero.”.   With over 1,000 onboarded counterparties globally, CIX Clear expands your access to a deeper pool of buyers and suppliers, while safeguarding counterparty anonymity and minimising risks associated with payment defaults or non-delivery. We accept all valid credits from most international carbon and REC standards, offering one of the most comprehensive post-transaction settlement services in the market today.   For more information on how to use our services, contact us at exchange@climateimpactx.com! Siddharth Kaul James Oliver Leslie Poh Adeel Choudhry Darina Elzein #biochar #carbonremovals #carboncredits #sustainability

Next week at Responsible Investor Asia 2024 in Singapore, our Chief Operating Officer, Mark Glossoti, will participate in the panel discussion: 'A New Dawn for Carbon Markets in Asia?' Joining him on the panel are Christina Ng, Managing Director at Energy Shift Institute; Nuomin H., Head of Carbon Markets at Wood Mackenzie; and Tobias Davis, Executive Director of Environmental Product Origination at ENGIE. Together, they will explore key topics including: ✅ How successful has carbon trading in Asia been so far? ✅ Who are the key investors driving the development of international carbon markets? ✅ Perspectives from carbon credit suppliers and offset buyers. ✅ Are carbon credits a legitimate tool for climate action or just a poor substitute? We look forward to connecting with you at #ResponsibleInvestorAsia2024! #carboncredits #carbonmarkets #sustainability

🌍 How Voluntary Carbon Credits Can Enhance Scope 3 Climate Action   The Natural Climate Solutions Alliance and Forest Investor Club have collaborated to provide constructive recommendations in response to the Science Based Targets initiative's Scope 3 Discussion Paper. With climate urgency at an all-time high, it's vital that businesses have the right tools and flexibility to achieve their climate goals.   Swipe through our 7 key recommendations to see how high-integrity voluntary carbon credits can drive meaningful progress alongside in-value chain reductions. These suggestions aim to unlock greater climate action while supporting biodiversity, nature restoration, and sustainable livelihoods. 🌱   For the full letter with all details, visit https://lnkd.in/dfKU9ESe.   Let’s work together to create a framework that supports businesses in their decarbonisation journey, maximises impact, and leads to a more sustainable future! 🚀   #ClimateAction #Scope3 #NetZero #CarbonCredits #NaturalClimateSolutions #SBTi #Sustainability

📢 Will you be attending IETA's Asia Climate Summit in New Delhi next week? #ACS2024 will focus on the next steps for climate action in Asia and internationally, collaboratively moving the needle on delivering climate action and transition finance at scale - through high-level plenaries, inspirational keynotes, deep-dive breakouts and interactive side events. CIX will be represented in-person in India by Bryan McCann and Leslie Poh! If you're in town during this time and would like to have a chat, drop us a line today at community@climateimpactx.com! For more infomation on the ASC2024 program, visit here: https://lnkd.in/eveux46a #climatechange #sustainability #transitionfinance #carboncredits

💌 Wrapping up a meaningful and insightful few days at Carbon Forward Expo London! It was a pleasure to connect with so many forward-thinking individuals and organisations committed to realising the potential of carbon markets, as well as reconnect with old friends. A big thank you to everyone who stopped by our booth to chat with us about our latest market intelligence solution - CIX Intelligence, and to the team at Carbon Forward for hosting such a fantastic and engaging event. We look forward to continuing these important conversations at IETA’s Asia Climate Summit next week! If you missed us at the event and are interested to learn more about CIX Intelligence, drop us a line at intelligence_sales@climateimpactx.com! Patrick Bradley Elyas Helmke James Oliver Adeel Choudhry #carbonmarkets #sustainability #carbonpricing #carbonbenchmarks

💡 Did you know that this year’s International Day of Rural Women is themed “Rural Women Sustaining Nature for Our Collective Future"?   According to the United Nations, rural women, particularly indigenous women, are disproportionally affected by climate change. Their dependence on agriculture, marginalised living conditions and exposure to environmental degradation – such as biodiversity loss and pollution – make them highly vulnerable. In many developing countries, women spend up to 20 hours a week gathering firewood for cooking, facing toxic smoke, health risks and time poverty. Traditional cooking methods not only harm human health and impact quality of life but also contribute significantly to deforestation and global emissions. Without swift action to scale up investment in improved cookstove projects, we risk falling short of the goal of achieving universal access to clean cooking by 2030. Improved cookstoves directly support 10 of the 17 UN Sustainable Development Goals (SDGs). CIX Cookstoves X (CCX) offers a series of standardised contracts for improved cookstoves, focusing on projects in Least Developed Countries (LDCs) and Developing Countries. Verified by Gold Standard or Verra, these projects have gained healthy market traction with an 86% year-on-year increase in retirements. In the first half of 2024, CCX-eligible projects accounted for 78% of all energy efficiency project retirements, further validating their importance in achieving sustainable development. Want to be part of the solution? Learn more about our standardised contracts by reaching out at exchange@climateimpactx.com. #improvedcookstoves #internationaldayofruralwomen #sustainability #climatechange

💡🌱 We are excited to share that Saurabh Joshi will be participating as a speaker at the #SALA Dialogues 2024! He will be sharing insights about the state of carbon markets during the "Singapore as hub for green finance" panel. This event is a fantastic opportunity to explore how Latin America leads the charge in sustainable energy and food production. Find out more and register here: https://lnkd.in/g9cVrEry #carbonmarkets #greenfinance #sustainability

Will you be at City & Financial Global's International Carbon Markets Summit in London on Monday (14 Oct)? Our Head of Intelligence Julien Hall will join Gavin Youll of Carbonplace, Raúl C. Rosales, PhD from Imperial College Business School and King's College London, Melissa Lindsay from emstream and emsurge, as well as Maria Eugenia Filmanovic from Abatable to unpack the necessary infrastructure for efficient carbon markets, covering aspects such as trade, post-trade, financing and data management. Held for the second year, this one-day summit will bring together global leaders, policymakers and industry experts to discuss the latest developments and the future direction of both the compliance and voluntary carbon markets. Visit to learn more: https://lnkd.in/e-XCYBvi #carbonmarkets #carboncredits #sustainability #climatechange

#ICYMI Last month at the IETA North America Climate Summit in New York, we hosted a dynamic panel on “The science of VCM pricing and implications for market standardisation”. Moderated by our Head of Intelligence, Julien Hall, the session featured insights from industry leaders such as Ana Haurie from Respira International, Hugh McAlpine from GS Environmental and Joshua McCarron from Everland .     📨 A key takeaway was that the VCM would likely struggle to be represented by a single price and that each credit type has its own market dynamics and idiosyncratic price drivers.  For example, vintage affects some parts of the market far more than others. In the improved cookstoves market specifically, carbon crediting standards and project locations account for up to 25% of price variation.   With increasing government guidance and regulatory pressure for market-wide price transparency, the need for real and detailed pricing data has never been more crucial. CIX is proud to be at the forefront of efforts to bring price transparency to the VCM, helping reduce information asymmetry and bring about a fairer and better-functioning market.   Launched earlier in Q3, CIX’s VCM Trade Database addresses this gap by offering a new level of visibility into trading, price and liquidity patterns. As the most comprehensive and transparent repository of actual, disaggregated VCM trade data with thousands of project-level-specific transactional data points, it empowers market participants to make informed decisions with greater confidence.   Stay abreast of the latest VCM spot pricing trends with CIX Intelligence. Register your interest today: https://lnkd.in/euUmbyaT #carbonforwardlondon #carbonpricing #voluntarycarbonmarket #cookstoves

💂 Climate Impact X will be at #CarbonForwardLondon from 8 to 10 October! Carbon Forward London 2024 will bring together carbon market expertise and talent from the governmental, finance, energy, transport, shipping and aviation sectors. This October, speakers and panels will cover compliance carbon market reforms and expansion, the evolution of the voluntary carbon market and the role of removals, Article 6 and the wider Paris Agreement, CORSIA, CBAM and decarbonisation. Our team will be represented in-person in London by Patrick Bradley, James Oliver, Adeel Choudhry and Elyas Helmke, and we would love to catch up! If you're in town during this time and are interested in a meeting, reach out directly to the CIX representatives above or drop us an email at community@climateimpactx.com. Find out more about Carbon Forward London here: https://lnkd.in/ePNHFW6R #CarbonForward #carboncredits #sustainability #decarbonisation