The new partnership will provide Markit clients with access to CTX for trading and exchange services and will allow CTX clients to open registry accounts in order to facilitate tracking of credits and management of ownership.
The CTX platform provides an electronic link between issued credits verified by the voluntary carbon standards and a global exchange platform for brokers, corporations and consumers. CTX’s goal is to facilitate the creation of a global, transparent marketplace for Voluntary Carbon Credits with information for brokers, a liquid market for projects and originators, and an effective method for companies of all sizes to increase emissions reduction via offsetting.
Helen Robinson, managing director at Markit and head of Markit Environmental Registry, said: “The connectivity to Carbon Trade Exchange will provide access to a new segment of potential users of the registry – the small to mid-sized corporate community – who until this point have not had a mechanism to effectively tap into the carbon market.”
Wayne Sharpe, chairman and founder of Carbon Trade Exchange, said: “Carbon Trade Exchange is maximizing access to high quality carbon credit trading to help spur greater interest in the global carbon market and provide liquidity necessary for a truly robust marketplace.”
Markit’s Registry lists the majority of standards and provides customers with a portfolio approach to managing their carbon, water and biodiversity assets in one place.
CTX has created an electronic spot trading exchange for the voluntary carbon market developed by the team that created Bartercard.
