The UNFCCC and Carbon Trade eXchange (CTX) have recently announced a collaboration to strengthen the UN’s Climate Neutral initiative.
- The partnership will make it possible to access UNFCCC Certified Emission Reductions (CERs) for voluntary cancellation via the CTX global voluntary carbon market exchange.
- CTX, which has been operating since 2009 in the voluntary carbon market, was designed specifically to provide a comprehensive choice for the offset step.
- 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.
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.”
Which the UN CDC Executive stated – at the Recent ‘Innovate 4 Climate’ summit in Barcelona – was the UNFCCC’s first ever commercial ‘partnership’.
On the back of this ‘launch’, we received enquiries from over 30 companies with 41 Million issued CERs ready to list them to the CTX exchange. The first of which will happen next week. which is the tip of a gigantic iceberg of business opportunity.