Carbon Trade Exchange
|Carbon Trade Exchange (CTX)|
|Key People||Founder and CEO Wayne Sharpe|
|Products||Carbon-emissions trading platform|
UK-based Carbon Trade Exchange (CTX) launched in late May, 2010 and billed as the world's first global electronic spot market for trading voluntary carbon credits, also known as voluntary emission reductions (VERs). CTX expects to grow first in the European Union (EU) by attracting trading from the OTC market that comprises most of the continent's carbon trading, but will compete there for listed trading with the more-established European Climate Exchange. CTX initially will trade VERs not currently regulated by either the EU Emissions Trading Scheme (ETS) or the United Nations Clean Development Mechanism.
Carbon Trade Exchange was launched in London in late May, 2010 as the world's first global electronic spot exchange for trading VERs by linking its global trading platform for carbon dealers and brokers to a list of verified carbon-credit projects and owners. Information on VERs are provided by the Markit Environmental Registry, an independently verified list compiled by financial markets information group Markit. CTX and Markit began their linking in early May, 2010. shortly before CT'x launch.
The global carbon trading market in 2009 hit a value of US$138.3 billion in 2009 after growing at an annualized rate of 89% since 2005, analysts GBI Research reported in mid-May 2010. And following 2012, GBI Research predicts that the global market will experience "dramatic" growth and hit US$1.2 trillion by 2020.
Founder and CEO Wayne Sharpe was also the founder of the Bartercard trade exchange until its sale in 2007. Non-executive director Peter Fusaro is the chairman of climate-change consultancy Global Change Associates and a well-known authority on environmental markets.
Market experts are equally optimistic the growth prospects for world's carbon market over the next decade. In late May 2010, Chicago Climate Exchange founder and long-time carbon-market analyst Richard Sandor said he expected that carbon would shortly become the world's most-traded commodity. That has already happened in Europe, where Sandor noted that open interest in European traded carbon contracts is currently more than 10% higher than that for Brent crude oil.
- ↑ Carbon Trade Exchange launches. CTX.
- ↑ The Registry. Markit.
- ↑ Environmental Registry to Connect to Global Spot Carbon Trading Platform. CTX.
- ↑ Carbon Global Market Reached $138.3 Billion in 2009 and is Poised for Robust Growth Post 2012. MMD Newswire.
- ↑ Carbon trading to rival crude markets: CCX head. Energy Risk.