Climate Impact X

🌍 This November, COP29 brought together over 53,000 attendees in Baku, Azerbaijan, spotlighting pivotal developments in carbon markets. CIX CEO, Oi-Yee Choo, joined a distinguished panel of thought leaders to discuss how carbon markets can catalyse finance for impactful climate solutions. Explore the key takeaways from the session. 🌳 Mikkel Larsen, Executive Director of the CIX Board, offered valuable insights on the role of Nature-based Solutions (NbS) Carbon Credits and Biodiversity Credits in shaping nature-related disclosures and target setting. Lastly, the CIX team explored a biochar production project during a recent field trip. This innovative, technology-based carbon removal solution shows great potential in advancing sustainability goals. #CIX #carbonmarkets #COP29 #NbS #sustainability #biochar #climateaction

Marking a pivotal step towards a high-integrity #VoluntaryCarbonMarket, The Integrity Council for the Voluntary Carbon Market (ICVCM) has announced CCP-Approval of three methodologies for REDD+ carbon credits addressing key challenges found in previous approaches. The approved methodologies include (Architecture for REDD+ Transactions (ART) The REDD+ Environmental Excellence Standard (TREES) v2.0, TREES Crediting Level, (Verra) VM0048 Reducing Emissions from Deforestation and Forest Degradation v1.0, and (Verra) Jurisdictional and Nested REDD+ (JNR) Framework v4.1. 🌏 This approval strengthens the credibility and impact of forest carbon credits, unlocking new opportunities for climate finance to support biodiversity, local communities, and advance long-term climate goals. With robust baseline and safeguard enhancements, these methodologies build confidence in nature-based credits, essential for catalysing private investment, foster community resilience, and will help address the climate crisis head-on. Decisions on further REDD+ crediting levels and clean cookstoves are expected by the year end. ⬇️Read full news: https://lnkd.in/gwSrE8F3 #CarbonCredits #NatureBasedSolutions #ClimateFinance

Yesterday at COP29 Azerbaijan, our CEO Oi-Yee Choo joined Chris Leeds from Standard Chartered and Patricia Zurita from Conservation International in a thought-provoking panel to unpack the future of #CarbonMarkets in catalysing finance for climate solutions. Moderated by Anshari Rahman from GenZero at the COP SG Pavilion, here are five key takeaways from the session: 💡 Both nature-based and technological solutions for carbon avoidance and removal are essential as we race against time to mitigate #ClimateChange. If we start nitpicking between approaches, we risk losing sight of the bigger picture. 📈 To effectively scale carbon markets, we must reduce information asymmetry. The idea behind exchanges is to create liquidity, #transparency and price signals—all within a single venue where market participants can see, evaluate and trade on reliable information.  🔍 We cannot allow a subset of the market to undermine all the work of good projects. Just as financial markets weather bond defaults, carbon markets need consistency and risk management tools to sustain investor confidence and keep capital flowing into impactful projects. 🤝 Governments need to provide more “air cover” for buyers of carbon credits. Organisations like the The Integrity Council for the Voluntary Carbon Market (ICVCM) are already driving efforts to standardise high-quality project assessments, but there’s a need for a more cohesive regulatory approach to build market trust. 🌏 Climate change and nature loss are inextricably linked. A combined #biodiversity and Climate #COP could foster a more comprehensive approach to tackling the two biggest environmental crises of our time. This discussion underscored the urgent need for robust, resilient and transparent carbon markets to ensure climate finance ultimately drives measurable and impactful outcomes. #COP29 #climateaction #carboncredits #sustainability

This week, we had the privilege of participating in a dynamic panel at the Singapore FinTech Festival, exploring Asia’s pathways to a sustainable future. Climate Impact X CEO Oi-Yee Choo moderated the session, with esteemed panellists: MASAKAZU O. from MUFG, P Thiaga Rajan from the Government of Tamil Nadu, and Rodrigo Kede Lima from Microsoft Asia. The discussion highlighted three pillars essential to this journey: 🎖 Leadership: India’s proactive shift towards #renewables is a powerful example of visionary leadership. The country recognised the need for clean energy early on, and today, solar and wind are a crucial and growing part of its energy mix. Likewise, companies like Microsoft and MUFG are setting ambitious, transparent sustainability goals to lead by example. 🤝 Partnerships: Real change requires collaboration. Microsoft and MUFG Bank—alongside HSBC and KPMG Singapore—are working with the Monetary Authority of Singapore (MAS) to bring capabilities and expertise to gprnt. Gprnt is an integrated digital platform helping the financial sector and real economy harness #ESG data to support their sustainable initiatives. 🌐 Multi-stakeholder approach: #Sustainability can’t be achieved in isolation. Solving for a sustainable future demands clarity, leadership and accountability from all sectors. Governments, corporates and financial institutions must come together, fostering a shared responsibility to drive impactful solutions. The road to sustainability is complex but achievable. Discussions like these reinforce how #leadership, #partnerships and #collaboration can drive meaningful change. We look forward to continuing these vital conversations at #COP29 and beyond! #SFF2024 #sustainablefuture #climatechange #climateaction

🌍 With #COP29 around the corner, CNA's Jack Board highlights five pivotal issues that could shape this year’s climate talks in Baku: https://lnkd.in/gacvrHbJ Despite the risk of distraction by political developments, global momentum remains focused on mobilising public and private finance at the speed and scale necessary to combat #climatechange and build resilience to its impacts. This year, one of the spotlights will remain on #Article6. For the first time, delegation heads are directly involved in talks to finalise these crucial carbon market rules—which has been a lingering issue since the #ParisAgreement was signed in 2015. This move underscores the recognition that transparent, robust carbon markets are needed to drive impactful #climateaction. CIX will be on the ground in Baku with our CEO Oi-Yee Choo and Head of Intelligence Julien Hall. If you’re attending COP29, we’d love to connect! Get in touch at community@climateimpactx.com. Together, we can drive meaningful change 🌍 #carbonmarkets #carboncredits #climatefinance #sustainability

📊 Join Oi-Yee Choo tomorrow (7 Nov) at Singapore FinTech Festival 2024, where she will be speaking on the session, "Walking the line: Navigating Asia's journey to a sustainable future", at the Festival Stage. The session will look to explore how can Asia strike the right balance of people, profit and planet, to navigate the twin goals of economic development and environmental sustainability. Other speakers include MASAKAZU O., Managing Executive Officer, Chief Executive for Asia Pacific at MUFG; P Thiaga Rajan, Minister for Information Technology & Digital Services at Government of Tamil Nadu and Rodrigo Kede Lima, President at Microsoft Asia. Learn more and register for a pass at https://lnkd.in/gv48eYsX! #SFF2024 #carbonmarkets #sustainability #carboncredits #sustainablefuture

🤝 We are pleased to have partnered with BeZero Carbon to bring critical carbon risk analysis to CIX Exchange. CIX Exchange facilitates real-time trading of benchmark spot contracts alongside single project listings on a unified trading interface. This enables market participants to trade efficiently and transparently discover price differentials between benchmarks and individual projects. By adding information around ratings, CIX Exchange empowers users with an additional reference point on project integrity risks, supporting more informed trading decisions. Contact us at exchange@climateimpactx.com to learn more today! #carboncredits #carbonmarkets #carbonratings #carbontrading James Oliver Leslie Poh Darina Elzein Adeel Choudhry Valerie Koh Ellery Sutanto

💡 What's next for Asia's commodities industry and how will the region’s role change in this disrupted world? Mark Glossoti will be joining over 45 speakers and 250 attendees in-person at Commodities Asia Summit, taking place 6-7 November at The Westin Singapore. Mark will explore Asia's role as a central hub for Article 6 credits, alongside established industry leaders: Björn Fondén, International Policy Advisor at IETA, John Lo, Founder of the Asia Carbon Institute and Ivan Tan, Director at Enterprise Singapore. We looking forward to seeing you at #FTCommodities! #carboncredits #article6 #carbonmarkets #sustainability #carbonhub

🌟 Delve into the true costs of stopping deforestation, with insights from Mikkel Larsen, Executive Director of the CIX Board. Discover why paying a premium for high-integrity REDD+ projects is essential for lasting impact. 🌳 The CIX team had the opportunity to visit two impactful projects in Cambodia recently, gaining firsthand insight into how these initiatives are making a difference in local communities. Learn more the insights we gained from this experience. Lastly, in celebration of International Day for Rural Women (15 Oct), we’re highlighting two inspiring projects on CIX Marketplace that empower women through sustainable livelihoods. #CIX #carboncredits #carbonmarkets #reddplus #climateaction 

🎉 CIX is pleased to announce that we’ve successfully facilitated our first-ever trade of Puro.earth CO2 Removal Certificates (CORCs)!   The transaction between Alcom and Standard Chartered involved vintage 2023 CORCs from Alcom’s NuevaChar facility in the Philippines, where rice husks are utilised as feedstock for biochar production. #Biochar is one of the most advanced technology-based carbon removal methods on the planet.   According to the IPCC, carbon removals are essential in all pathways limiting global warming to 1.5°C. Biochar alone could help remove a staggering 1.1 to 3.3GtCO2e per year by 2030.   Founder & CEO at Alcom, Prateek Tiwari, said “This inaugural Biochar credits deal between Alcom and Standard Chartered – using Climate Impact X’s Clear platform has truly put Singapore on the carbon removals world map. Standard Chartered is at the forefront of banking sector engagement in the removals space and we would like to especially thank them for supporting CDR projects in Southeast Asia. We are ramping up our Biochar production activities in the region and look forward to many such transactions in the near future”.   Head of Carbon Markets Development at Standard Chartered, Chris Leeds, added, “We’re delighted to have worked with Alcom and Climate Impact X (CIX) to execute this purchase of high-quality carbon removal (CDR) credits using CIX’s clearing platform. Alcom has been issued CDRs under the Puro biochar methodology for the NuevaChar facility in the Philippines, which Standard Chartered has purchased via CIX’s clearing platform. Standard Chartered is pleased to support this first for CIX, which demonstrates our continued support for the developing CDR market and our commitment to global net zero.”.   With over 1,000 onboarded counterparties globally, CIX Clear expands your access to a deeper pool of buyers and suppliers, while safeguarding counterparty anonymity and minimising risks associated with payment defaults or non-delivery. We accept all valid credits from most international carbon and REC standards, offering one of the most comprehensive post-transaction settlement services in the market today.   For more information on how to use our services, contact us at exchange@climateimpactx.com! Siddharth Kaul James Oliver Yingying Chen, CFA Leslie Poh Adeel Choudhry Darina Elzein #biochar #carbonremovals #carboncredits #sustainability