Carbon Trade Exchange launches interface with Westpac

Carbon Trade Exchange and Westpac have teamed up to create what is claimed to be the world’s first electronic interface for the voluntary carbon market. The solution will allow companies to trade as buyers or sellers into the Carbon Trade Exchange from their own bank account.

Carbon Trade Exchange is a global carbon credit trading exchange. The exchange enables carbon buyers and sellers from around the world to trade most major voluntary carbon standards in an efficient, end-to-end electronic process. It's suitable for businesses that wish to trade carbon to offset their emissions.

“The Carbon Trade Exchange provides companies with an easy-to-use platform for buying and selling credits. You can select a type of credit, the amount you want to pay and which renewable project you want your money to go to,” said Wayne Sharpe, CEO & Founder of Carbon Trade Exchange.

“All transactions happen instantaneously. All you need is access to the internet, a bank account and cash to settle any trades. We chose Westpac as our banking partner, because it’s the largest corporate bank in Australia and has relationships with some of the largest financial institutions in the world. We also wanted to make our platform as easy as possible to use.”