Carbon Trade Exchange and The Gold Standard Join Forces
In one of the most notable voluntary carbon market deals done on the sidelines of COP16, Carbon Trade Exchange (“CTX”), the world’s first web-based electronic platform for spot trading of Voluntary Carbon Credits and The Gold Standard Foundation, which manages the benchmark certification programme for premium quality carbon offsets, today signed an agreement that paves the way for Gold Standard credits to be transacted on CTX.
Cancun, Geneva – 9th December 2010 In one of the most notable voluntary carbon market deals done on the sidelines of COP16, Carbon Trade Exchange (“CTX”), the world’s first web-based electronic platform for spot trading of Voluntary Carbon Credits and The Gold Standard Foundation, which manages the benchmark certification programme for premium quality carbon offsets, today signed an agreement that paves the way for Gold Standard credits to be transacted on CTX.
Gold Standard credits are set to be listed on the exchange, which enables carbon buyers, sellers and brokers from around the world to trade most major internationally recognised voluntary carbon standards online in a simple and efficient, end-to-end electronic process. CTX provides one easy interface on which to buy credits and track prices, enabling developers to have a clearer price signal to make investment decisions and buyers to have greater confidence and choice.
The deal demonstrates that the voluntary market is prepared to lead the way in demonstrating best practice through increased transparency. Adrian Rimmer, CEO of The Gold Standard Foundation said, “In order for the voluntary market to mature, it needs greater price transparency, customer choice and liquidity. Recognizing our influential role in the voluntary carbon market, we are making Carbon Trade Exchanges’ robust platform available to our stakeholders because it will drive the growth that the market needs.”
Wayne Sharpe, CEO of CTX said, “Businesses must take the lead to educate on this issue, and lead by example by offsetting and reducing CO2 emissions. We chose to develop the technology and tools needed to solve this global problem. This agreement in principle with The Gold Standard Foundation gives our clients access to the most internationally recognised and highest quality carbon credits. Business leaders cannot sit idly by or wait for Government regulation when there is so much that can be done to deal with the issues and opportunities presented by climate change. Many genuine leaders in the business community have chosen to make their companies carbon neutral despite no requirement to do so and every business should be following their lead.”
By working together to build the market, the new leader in electronic trading and the most reputable certification standard are demonstrating that business is taking the initiative to combat climate change, spur innovation and create solutions. Numerous speakers at COP16, including Ted Turner, Sir Richard Branson and Lord Nicolas Stern, have encouraged this type of business leadership.
Carbon Trade Exchange is currently in Cancun as part of the British Government’s trade delegation and is participating in the Department of Trade and Investment’s stand at the Green Solutions’ fair at the COP16, which is an initiative of the Mexican Government. The Gold Standard has an active CDM and voluntary project pipeline in Latin and South America, including five projects in Mexico. The first ever CDM Program of Activities, which has distributed more than 30 million energy efficient light bulbs across Mexico, was recently registered under the Gold Standard.Registration of the First Voluntary Gold Standard Programme of Activities (PoA) » Read more from: Press Releases