Climate Impact X
Climate Impact X (CIX)
Climate Impact X (CIX) is a global marketplace, auction house, and exchange for trusted carbon credits and a growing suite of environmental commodities. Based in Singapore with offices in London, CIX is jointly funded by DBS Bank, GenZero (a decarbonization-focused investment platform founded by Temasek), Mizuho Financial Group, Singapore Exchange (SGX Group), and Standard Chartered. CIX aims to provide corporates with high-quality carbon credits and effective solutions to tackle climate change. It has successfully launched its spot trading platform, CIX Exchange, with a robust daily liquidity window at the intersection of APAC and European trading hours.
CIX Exchange and Carbon Trading
Spot Trading Platform
CIX has successfully launched its spot trading platform, CIX Exchange, completing the company's core solutions suite with three operational venues. The platform is designed to facilitate trading and capture price trends from four key corners of the cookstoves market. The first standardized contract to launch on CIX's upcoming spot exchange is Nature X, which is innovatively designed to address key carbon market concerns over project delivery risk, market-representative pricing, and fragmented liquidity.
Partnerships
- Carbonplace Partnership: CIX has partnered with Carbonplace to complete a series of proof-of-concept transactions that will pave the way for carbon credits to be transacted at the scale necessary to support liquidity and demand. This partnership aims to dramatically increase the speed, security, and accessibility of carbon market trading.
- Technology Partnership with Nasdaq: CIX has a strategic technology partnership with Nasdaq to unlock price transparency and liquidity in the voluntary carbon market. Nasdaq's cloud-based trading technology powers CIX's new spot exchange platform.
Market Impact
CIX aims to improve buyer confidence and raise the integrity bar of the voluntary carbon market, thereby deepening market liquidity and unlocking urgently needed climate finance to reduce and remove emissions.
Key Players and Support
Ownership
CIX is jointly owned by DBS Bank, Singapore Exchange (SGX Group), Standard Chartered, and Temasek's decarbonization investment platform company GenZero.
Investors
CIX is funded by DBS Bank, GenZero, Mizuho Financial Group, Singapore Exchange (SGX Group), and Standard Chartered.
Support
In line with SGX Group's commitment to support global investors and companies in their transition towards net zero, they collaborate with CIX on developing critical risk management tools that are central to achieving collective global climate ambitions.
Conclusion
Climate Impact X (CIX) is a significant player in the carbon credit market, aiming to provide trusted carbon credits and environmental commodities to address climate change. It has successfully launched its spot trading platform, CIX Exchange, and has formed strategic partnerships to increase the speed, security, and accessibility of carbon market trading. Additionally, CIX has received support and investment from prominent financial institutions and is committed to improving market liquidity and unlocking climate finance.