Westpac announces deal to support Carbon Trading Exchange

Westpac has announced a deal with the Carbon Trade Exchange (CTX), the first carbon trading exchange for companies or individuals looking to get involved in the voluntary carbon market and reduce their environmental footprint.

Announced at the largest carbon conference in Australia, CarbonExpo, with the Minister for Climate Change and Energy Efficiency, the Hon Greg Combet AM MP, and Professor Ross Garnaut in attendance, the deal will see Westpac provide CTX with the financial structure to facilitate voluntary carbon trading on the exchange, as well as supplying transactional banking services to the company.

Commenting on the deal, the Carbon Trade Exchange CEO and Founder Wayne Sharpe said, “Carbon Trade Exchange is providing Australians with greater access to the multibillion-dollar global voluntary carbon market and Westpac is working
with business to support the next generation of environmental and carbon businesses. Business is taking the lead to combat climate change and ensure profit in a carbon constrained economy.”