APX, Inc.and the Carbon Trade Exchange (CTX) have developed a new interface allowing market participants to post offers to sell fully verified, non-activated Verified Carbon Units (VCUs) on the CTX exchange platform via APX’s Environmental Management Account (EMA) and the APX VCS Registry. Upon execution of the trade, the non-activated VCUs will be activated and serialized, and instantaneously transferred to the purchaser.
This seamless connectivity to transact non-activated VCUs on a spot basis will allow project developers to list their verified, non-activated credits, with issuance fees electronically deducted simultaneously during the clearance, settlement, and VCU serialization process. This first-of-its-kind technology service provides the transacting parties with instantly delivered, fully issued credits, avoiding an issuance fee outlay until credits are transacted, at which time fees will automatically be deducted from the sale of proceeds.
Advantages of this unique service offering include increased liquidity, reduced costs to sellers, entry of new market participants, and enhanced project origination as developers attain a faster route to market, and buyers gain access to a broader selection of VCUs. As a result, CTX and APX anticipate a substantial uptake from projects originating VCS credits worldwide.
Wayne Sharpe, CEO of Carbon Trade Exchange, stated, “This exclusive technology is a direct response to market demand, and we are proud to share the credit and partner with APX in delivering innovative solutions for the global carbon markets.”
“APX partnered with CTX in January 2013 to create a full service platform enabling market participants to manage and trade multiple environmental commodities with connectivity to multiple carbon registries,” said Joe Varnas, CEO of APX. “This latest enhancement furthers our goal of providing cutting edge tools and services to help the voluntary carbon markets grow.”
“This new structure gives companies an enhanced platform to access credits from the more than a thousand VCS projects all around the world,” said Verified Carbon Standard Chief Executive Officer David Antonioli. “As with any growing market, innovation and flexibility are key to expansion, and it is tools just like these that will help market-based solutions continue to offer a practical way forward to the challenges presented by climate change.”
For more information on this please contact the APX Team