London’s voluntary carbon market model could work for Singapore: CIX product head

SINGAPORE carbon exchange Climate Impact X (CIX) is watching the London Stock Exchange’s (LSE) Voluntary Carbon Market designation with keen interest, with its product head saying it is possible for the model to be adopted here.

Speaking to The Business Times, CIX head of product Tom Enger said that the designation, which gives carbon reduction and removal projects an avenue to raise capital via a public listing, is a “very interesting” model that will attract a global supply of carbon projects.

CIX is backed by Singapore Exchange (SGX), Temasek, DBS Bank and Standard Chartered Bank.