BeZero Carbon and Climate Impact X join forces
Today, carbon ratings agency BeZero Carbon and global carbon market solutions provider Climate Impact X (CIX) announce a partnership to bring critical carbon credit risk analysis to CIX Exchange.
CIX Exchange’s main trading screen for carbon credits will now feature BeZero Carbon’s headline ratings, offering users access to project-level quality assessments to supplement their trading decision-making. A critical step in building high-integrity carbon markets, this will enable users including financial institutions, intermediaries and corporate buyers to make better-informed trading and investment decisions on climate action projects.
The BeZero Carbon Rating analyses the likelihood a carbon credit will deliver on its claim to avoid or remove a tonne of carbon dioxide equivalent (CO2e) from the atmosphere, presented on an eight-point scale from ‘AAA’ to ‘D’. At its core, it will equip CIX Exchange’s users with the tools to better understand the relationship between price and quality in the context of carbon credit liquidity.
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.
Evidence-based ratings help investors understand the impact of their investments and direct capital to quality climate projects. By increasing confidence in carbon credits as reliable instruments for climate action, ratings are building a crucial bridge between the price of credits and their effectiveness as each BeZero Carbon rating notch adds an average premium of around 30% to the price of a credit.
Tommy Ricketts, CEO and co-founder of BeZero Carbon, said:
“Singapore is leading the way on climate action from both businesses and government, so we’re delighted to bring our expertise to Climate Impact X’s platform and cement our ambition for growth in the region’s carbon markets. It’s through partnerships such as these that ratings have quickly become critical infrastructure for the expansion of carbon markets on a global scale, enabling the effective allocation of capital towards high-quality projects that protect our planet and future.”
Ellery Sutanto, Head of Exchange at Climate Impact X, said:
“Scaling carbon markets requires ecosystem-wide collaboration to drive innovation and growth. By bringing BeZero Carbon’s ratings to CIX Exchange, we are further enhancing our platform’s capabilities, equipping market participants with even more data to align their trading and investment strategies with their risk appetite. This partnership not only reinforces CIX’s commitment to fostering a more transparent and efficient carbon market, but also demonstrates our dedication to providing our customers with seamless access to the insights they need to make informed decisions.”
Media contact
Dani Wiggins, Communications Manager
press@bezerocarbon.com
(+44) 7760 13618