New global carbon trading and asset management platform

Carbon Trade Exchange (CTX) and APX have announced the introduction of a new electronic platform, combining both trading and asset management for the voluntary carbon markets.

The partnership between CTX, an electronic carbon trading platform, and APX, an environmental management company, means market participants can now transact and manage a larger range of carbon and environmental commodities from a single account.

Raj Sahrawat, Product Manager for the Environmental Management Account (EMA), said, “Carbon markets have sufficiently matured and market participants deserve the same types of services offered in the securities world and other international financial markets.”

Wayne Sharpe, CEO of CTX, said, “The unique new interface, resulting from the CTX and APX partnership, opens up a new global market place with a range of projects on offer. It also connects CTX with the North American carbon market, concreting our plans to open an office in California next year.”

APX CEO Joe Varnas says the new partnership with CTX is a positive step towards an integrated global carbon market.

“The new platform is a significant step towards a global, integrated and electronic voluntary carbon market and offers our clientele the opportunity to invest, sell and manage their carbon commodities in a sophisticated and simple way,” he said.

Investors, as well as those retiring carbon offsets, can acquire and manage various types of international credits on the new platform, including Climate Action Reserve (CAR), Verified Carbon Standard Association (VCSA), American Climate Registry (ACR), Gold Standard offsets and US-based Renewable Energy Credits (RECs). CTX’s exchange eliminates all counterparty risk and affords participants immediate electronic transfer of credits and cash.