Carbon credits allow permission to the global business entities, and other bodies to emit a certain amount of carbon dioxide or other greenhouse gases. One credit allows the emission of one ton of carbon dioxide or the similar of other greenhouse gases, carbon credits are also known as carbon offsets. Carbon trade is the buying and selling of credits. The carbon credit trading is authorized by governments to gradually reduce overall carbon emissions and alleviate their contributions to climate change.
The carbon credit trading industry comprises the trading of carbon credits between nations and entities, allowing them to comply with emission standards. This facilitates the companies to generate extra revenue by selling the remaining credits they earn by diminishing the carbon emission as per the allotted threshold.
As per the report of Markntel for Global Carbon Credit Trading Market Research: By Type (Voluntary, Compliance), By End User Industry (Energy, Manufacturing, Transportation, Forestry and Agriculture and Other), Forecast 2024-30. The global carbon credit trading market size is estimated to grow at an impressive rate during the forecast period, i.e., 2024-30. The rising ranges of greenhouse gas emissions contribute to an international temperature that favors the accelerating demand for carbon credit trading.
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Intercontinental Exchange, Inc. is an American multinational financial services, company formed in 2000 that operates global financial exchanges and clearing houses and provides mortgage technology, data, and listing services. ICE Benchmark Administration Limited, one of the world’s most experienced administrators of regulated benchmarks, launched ICE CRED as a reference data service to provide standardized, aggregated, and validated data to the carbon credit market. ICE Chat users can begin to utilize ICE Cred data immediately, providing reliable carbon credit information efficiently and easily. Additionally, ICE CRED is designed to support the 2022 International Swaps and Derivatives Association’s verified carbon credit transaction definition.
Xpansiv, the leading market infrastructure provider for the global energy transition, enables live bids on its CBL spot exchange, providing powerful trade execution and price enhancement competencies to corporate buyers and other VCM and I-REC market participants. CBL is a global exchange platform for transacting energy and environmental commodity products such as carbon, renewable energy, water, and natural gas. Facilitates connecting buyers and sellers to trade multiple environmental products on one screen. This platform accurately validates carbon credits.
Climate Impact X is a global marketplace, auctions house, and exchanges for trusted carbon credits, and simplifies work businesses for trading quality. This platform features a vast range of quality projects from around the world. CIX also enables discovering comparing, purchasing, and retiring carbon credits in the same platform. Additionally, CIX Auctions facilitates traders to recognize the market value of trustworthy carbon credits. Climate Impact X offers CIX marketplace, CIX Auctions, CIX Exchange, CIX Intelligence, CIX Clear, and CIX Perspective for better trader experience. Their innovation solutions facilitate limitless trading, growing access to carbon credits, and accelerating international collaboration on climate goals.
ACX is the leading global digital exchange that powers the future of environmental markets, using traditional commodities trading infrastructure for the carbon markets. Also offers a safe, trusted, strong platform with fair pricing, efficient trading, settlement risk mitigation, and low fees. ACX offers carbon and other environmental credits as tradable assets. Additionally, it emphasizes sustainability and technological advances that provide AI Algorithms for precise emissions measurement and trading. This approach enhances market effectiveness, making carbon credit transactions more convenient and impactful for businesses worldwide.
Carbon Trade Exchange is the world’s first and largest electronic exchange for traders of voluntary carbon credits. Founded in 2008 and headquartered in London, England. The leading Global Spot Trading platform for voluntary carbon credits enables a user-friendly platform for individuals and businesses to participate in carbon credit initiatives. The company has been working successfully for around fifteen years, over which tens of millions of credits have been securely transacted. The services further include carbon Neutral Certification and carbon Project Development.
The blog comprises Global key players in the Carbon Credit Trading Market, with their diverse services. This blog demonstrated prominent factors behind the surging consumption of carbon offsets owing to the rising environmental impact and increasing greenhouse gases. The carbon credit trading market is witnessing exponential growth, driven by technological advancements and regulatory frameworks. Market players such as Intercontinental Exchange, Xpansive, CME Group, etc., facilitate revolutionizing the trading of carbon credits and promoting low carbon consumption and emission.
