CIX partners Carbonplace to lower entry barriers to voluntary carbon market
Add BT as a preferred sourceDeeperDive is a beta AI feature. Refer to full articles for the facts.
Singapore
TEMASEK-BACKED carbon exchange Climate Impact X (CIX) has partnered with Carbonplace, a new carbon credit settlement platform developed by 7 banks, to lower the entry barriers for organisations seeking high-quality carbon credits on the voluntary carbon market.
They aim to achieve this by piloting a technical, legal and operational framework for executing carbon credit transactions on CIX's recently launched digital platform, Project Marketplace, they said in a statement on Friday (Mar 25).
Decoding Asia newsletter: your guide to navigating Asia in a new global order. Sign up here to get Decoding Asia newsletter. Delivered to your inbox. Free.
Copyright SPH Media. All rights reserved.
TRENDING NOW
Shelving S$5 billion office redevelopment plan proved ‘wise’ as geopolitical risks mount: OCBC chairman
China pips the US if Asean is forced to choose, but analysts warn against reading it like a sports result
Beijing’s calculated silence on the Iran war
Middle East-linked energy supply shocks put Asean Power Grid back in focus
