The CIX Pilot Auction

Scaling nature’s impact

At Climate Impact X (CIX), we are developing a number of innovations to help scale the voluntary carbon market. In October 2021, we piloted a first-of-its-kind auction for a curated portfolio of high-quality nature-based carbon credits. The portfolio consisted of eight recognised forest conservation and restoration projects located in Africa, Asia, Central- and South America. Along with addressing emissions, these projects also provide vital support to local communities and biodiversity.

The pilot auction successfully cleared 170,000 carbon credits and was supported by 19 buyers from across various industries. By delivering greater transparency and efficiency, the pilot auction supports the principles advocated by the Taskforce on Scaling Voluntary Carbon Markets (TSVCM). CIX will leverage the expertise and experience from this pilot to launch regular auctions that will be held in early 2022.

Download the Press Release (Oct 2021)→

Supporting Organisations

"As part of BCG’s bold ambition to achieve net-zero climate impact by 2030, we are proud to have participated in the inaugural CIX auction. In addition to reducing our emissions in line with our science-based targets, we are also committed to purchasing high-quality carbon credits to address the emissions we’re not yet able to eliminate. We welcome the establishment of CIX as another key step towards a more robust and transparent carbon market."

Jeffrey Chua

Chairman of BCG Singapore

BCG

"In a hard-to-abate sector like shipping, we believe that the voluntary carbon market offers an impactful and effective solution today. Carbon credits play a critical role alongside our aggressive efforts to decarbonise our own operations. Berge Bulk is honoured to participate in the inaugural auction of Climate Impact X, where we secured a well-curated, diverse portfolio of carbon credits from reputable nature-based projects with verified co-benefits. This brings us closer to achieving our commitment to be carbon neutral by 2025 at the latest."

James Marshall

Group CEO

Berge Bulk

"With a long-standing commitment to a low carbon economy, green buildings and decarbonisation have been CDL’s top business priorities. We have voluntarily neutralised the annual carbon emissions for our corporate office operations since 2009. In February this year, CDL became the first property conglomerate in SE Asia to sign the World Green Building Council’s Net Zero Carbon Buildings Commitment. CDL is proud to be amongst the pioneering adopters of the inaugural CIX Auction. Its unique selection of high-quality Nature Climate Solutions offset projects will help us further expand our carbon reduction efforts in the race to zero."

Ms Esther An

Chief Sustainability Officer

CDL

"We are delighted to support this important auction of carbon credits led by CIX, which represented our first purchase of this vital tool in addressing global climate change as we grow our portfolio of ESG assets. We are confident that by investing in high-quality carbon markets, being a responsible stakeholder, and backing climate action, we are showing leadership as an asset manager that will serve as an example for others. As a private investment management company, we are focused on impact investments guided by ESG frameworks with a vision to help the world better protect the environment. Today’s purchase of carbon credits marks an important milestone in our commitment to encouraging the adoption of decarbonisation technology and related innovation, establishing carbon credits as a recognised emerging asset class, and ultimately funnelling more capital into sustainable enterprises. We look forward to partnering with more global investors, institutions, policy makers, and non-governmental organizations in future."

Kelvin Fu

Managing Partner

Gunung Capital

"Marquis Energy Global firmly believes that to tackle the impending climate crisis we need to act now. We have the tools and the roadmap to achieve global net-zero emissions in less than 30 years, thereby securing a viable future for our children’s children. All that is lacking is the resolution to do so. The CIX platform is one vital tool that will pool the financial resources for companies and organisations to pursue vetted and compliant NCS projects which will benefit the global commons. Now is the time to act."

Johan Ullman

Managing Director

Marquis Energy Global

"Continuing with our commitment to the energy transition, Mercuria participated in the CIX auction to gain access to a uniquely diversified offering of environmental products. The auction allowed buyers to procure high-quality Natural Climate Solutions (NCS) credits from a global portfolio of projects in a format that fostered some price discovery during the auction."

Andrew Gaballa

Vice President of Emissions and Cross Commodities

Mercuria

"Climate issues are a rising concern for many businesses and consumers. As Singapore pushes the envelope on sustainable development, it is imperative for the ecosystem to come together to make a collective impact and bring positive change. Sustainability has always been a core priority for our business and we have pledged to be carbon-neutral in our data centre operations by 2030. The CIX pilot auction represents an exciting opportunity for us to make a difference as part of our overall global ESG strategy and we are excited to join forces with other like-minded organisations to strengthen the marketplace and spearhead lasting change for future generations."

Bruno Lopez

President and Group Chief Executive Officer

ST Telemedia Global Data Centres

"Businesses will play a critical role in achieving global net-zero by 2050. As part of their net-zero strategies, they can invest in projects that protect and restore natural ecosystems. Working with Climate Exchange X ensures that Vertree can continue to support businesses to reach these goals, allowing access to high quality and verified offsets. When Vertree invests in projects, we don’t just look at verified emissions reductions – we ensure the projects protect and promote biodiversity, and that local communities gain from the activity."

Ariel Perez

Managing Partner

Vertree

Coverage

News and coverage of the pilot auction and from CIX's presence at COP26

October 10, 2021

What does deforestation sound like? Eavesdropping on the rainforest to detect threats

SINGAPORE - In a bid to protect the tropical forests of the world, American Topher White has scaled

October 1, 2021

Three initiatives to expand SG’s green finance ecosystem

Minister of Finance Lawrence Wong, in a speech delivered 30 September, noted three initiatives that

June 16, 2021

S'pore financial exchange that aims to boost tainted carbon markets set to launch

SINGAPORE (AFP) - A financial exchange offering carbon credits and investments in conservation proje

June 16, 2021

Singapore launches new carbon marketplace for nature conservancy projects

SINGAPORE — Singapore is launching a carbon trading marketplace focused on nature conservancy projec

June 10, 2021

Commentary: The merits of Singapore’s new carbon trading marketplace

Climate Impact X is a welcome addition to the country’s climate action initiatives that provide new

June 2, 2021

Strengthening global efforts to deal with climate change impact

AS COUNTRIES around the world attempt to turn the corner on the Covid-19 crisis, the climate challen

May 28, 2021

Big Tech Drawn to New Singapore Carbon Offset Trading Market

Some of the world’s largest tech corporations -- from Google to Microsoft Corp. and Amazon -- are in

May 21, 2021

DBS, SGX, Standard Chartered and Temasek team on carbon exchange

DBS, Singapore Exchange, Standard Chartered and Temasek are creating a global exchange and marketpla

October 10, 2021

What does deforestation sound like? Eavesdropping on the rainforest to detect threats

SINGAPORE - In a bid to protect the tropical forests of the world, American Topher White has scaled

October 1, 2021

Three initiatives to expand SG’s green finance ecosystem

Minister of Finance Lawrence Wong, in a speech delivered 30 September, noted three initiatives that

June 16, 2021

S'pore financial exchange that aims to boost tainted carbon markets set to launch

SINGAPORE (AFP) - A financial exchange offering carbon credits and investments in conservation proje

June 16, 2021

Singapore launches new carbon marketplace for nature conservancy projects

SINGAPORE — Singapore is launching a carbon trading marketplace focused on nature conservancy projec

June 10, 2021

Commentary: The merits of Singapore’s new carbon trading marketplace

Climate Impact X is a welcome addition to the country’s climate action initiatives that provide new

June 2, 2021

Strengthening global efforts to deal with climate change impact

AS COUNTRIES around the world attempt to turn the corner on the Covid-19 crisis, the climate challen

May 28, 2021

Big Tech Drawn to New Singapore Carbon Offset Trading Market

Some of the world’s largest tech corporations -- from Google to Microsoft Corp. and Amazon -- are in

May 21, 2021

DBS, SGX, Standard Chartered and Temasek team on carbon exchange

DBS, Singapore Exchange, Standard Chartered and Temasek are creating a global exchange and marketpla

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