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Landmark carbon credit auction by Singapore-based Climate Impact X oversubscribed, credit priced at US$27.80

Wong Pei Ting
Published Fri, Nov 4, 2022 · 11:28 AM

THE first major carbon credit auction brokered by the Singapore-based Climate Impact X (CIX) has fetched US$27.80 per credit, which translates to a premium of close to 40 per cent above current spot prices for major credits of similar vintage, the carbon marketplace said.

The credits, each to remove one tonne of carbon dioxide from the atmosphere, were tied to the Delta Blue Carbon project in Pakistan, the world’s largest mangrove restoration project. This auction, which was oversubscribed, features the project’s first issuance.

In a statement with its auction partner, carbon finance company Respira International, CIX – a joint…

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