|NEW YORK, SYDNEY – 22 May 2019 – CBL Markets (CBL), a leading spot exchange operator for environmental commodity markets, and APX, a leading provider of infrastructure solutions to energy and environmental markets, have today announced the first exchange trade of a North American Renewables (NAR) product that meets specific certification requirements in the |
Green-e® Renewable Energy Standard for Canada and the United States.
CBL Markets recently connected to the North American Renewables (NAR) registry, which enables market participants to electronically transfer voluntary and compliance Renewable Energy Certificates (RECs) to and from all states connected to NAR.
“Providing an efficient and transparent method to sell and buy RECs tracked in the North American Renewables Registry (NAR) is an additional benefit to users of the leading renewable energy registry in North America” said Lars Kvale, Head of Business Development, APX.
CBL is the first electronic trading venue to list products that meet specific certification requirements in the Green-e® Standard, in two tracking systems NAR and ERCOT, adding to its already wide selection of renewable energy and sustainable products.
“CBL Markets is helping expand the use of renewable energy that meets the highest standard of quality in North America,” said Jeff Swenerton, communications director at Center for Resource Solutions (CRS), which administers the Green-e certification program. “By linking with two leading electronic tracking systems, CBL is reducing friction in market trading, helping to connect clean energy buyers and sellers.”
By listing products that meet the supply requirements for participants in the Green-e® Energy certification program on the exchange, current and future market participants have access to increased transparency and liquidity of these products, which until now have relied on over-the-counter trading.
Nathan Rockliff, Managing Director (US) at CBL said “CBL Markets is excited to work with a trusted global leader in clean energy certification, and the addition of products that meet Green-e® supply requirements to our existing market screen is a reflection of increasing demand from the market for sustainable products.”
Green-e Energy is the leading renewable energy certification and verification program in North America. Administered by the nonprofit Center for Resource Solutions, the program provides independent, third-party certification to ensure that certified renewable energy meets strict environmental and consumer-protection standards. Green-e® Energy certified retail sales reached over 60 million megawatt-hours (MWh) in 2017, with over 1.1 million retail purchasers of Green-e® certified renewable energy, including more than 54,000 businesses.
CBL has been supporting environmental markets since 2010, bringing innovation, liquidity and transparency to environmental commodity markets.
About Green-e and Center for Resource Solutions
A program of the nonprofit Center for Resource Solutions, Green-e is North America’s leading independent consumer protection program for the sale of renewable energy and greenhouse gas reductions in the retail market. Green-e offers certification and verification services through Green-e Energy, a renewable energy certification program; Green-e Climate, a greenhouse gas emission reduction certification program; and Green-e Marketplace, a program that provides forward-thinking organizations a simple, nationally recognized logo they can use to communicate their renewable energy and climate commitment to their customers and stakeholders. To learn more about Green-e certified products and programs available in North America, visit www.green-e.org.
About CBL Markets
CBL Markets is a global exchange providing market participants with access to the world’s energy and environmental commodity markets. With a vision of bringing efficiency, transparency, and liquidity to commodities markets, our exchange connects buyers and sellers around the world to facilitate the secure and seamless trading of energy and environmental commodities, including carbon, renewable energy, water, and gas. For more information please visit cblmarkets.com or follow us on Twitter (@cblmarkets).
APX provides environmental registry and power operations solutions to thousands of clients worldwide. Leveraging 17 years of experience in environmental registries, the TIGRs Registry is APX’s solution to global demand for renewable energy. More than 36,000 projects worldwide use APX registries to access environmental markets. Our team includes market experts, cutting-edge developers and experienced operators. To learn more about APX, visit our website: www.apx.com.