• Live bids and offers will enhance active, transparent price discovery and centralized liquidity formation on Xpansiv CBL, the largest spot exchange for carbon offsets and RECs
• Active companies trading offsets on CBL up 21% YoY in Q2
• ACR removal credits now tagged in portfolio management system to support fast growing market segment
• ACR non-removal credit volume on CBL has grown 30x YoY

Xpansiv, the leading market infrastructure provider for the global energy transition, will enable live bids on its CBL spot exchange, providing powerful trade execution and price improvement capabilities to corporate buyers and other VCM and I-REC market participants.

Additionally, ACR verified removal credits are now uniquely tagged in Xpansiv’s EMA multi-registry portfolio management system to simplify trading, management, and retirement of these highly sought after credits.

These upgrades to Xpansiv’s environmental markets infrastructure are being rolled out as active traders on the exchange set a record in the second quarter of 127 discrete entities, up from 105 in Q2 2022.

“We continue to provide environmental market participants with innovative trading and position management tools to support our common mission of accelerating the global energy transition,” said Beth Sendra, Senior Vice President, Platform Product & Strategy, Xpansiv. “The growing number of active participants on our exchange and across our infrastructure reflect the steadfast commitment of leading companies to stay with and expand their climate programs. We deeply value the trust they place in Xpansiv.”

Live bids enabling two-way markets for project specific credits and I-RECs will be launched in October. Currently, two to three million tons of project-specific credits from approximately 500 global offset projects are posted to the exchange daily.

Xpansiv’s environmental markets infrastructure includes the EMA portfolio management system, which market participants use to manage positions, transfer, and retire credits and RECs across 12 integrated registries.

The system is widely used in the environmental markets. More than 1 billion transfers were made using EMA in each of the last two years.

EMA now incorporates a unique tag for removal credits from ACR. The new tag will enable system users to more easily track and manage removal credits within the system and list them on CBL. The removal tags will also be added to the CBL exchange screen early next year.

“We are pleased to see the verified removals label we use on our registry is now integrated with Xpansiv’s EMA portfolio managements system,” said Breffni Lynch, Director of Registry Operations at ACR. “The market has signalled demand for labelled removal credits that are transparently accounted for and verified, so ACR is delivering these through nature and technology-based solutions. Making ACR credits accessible via Xpansiv’s integrated registry architecture, systems, and exchange facilitates the purchase and retirement of ACR-issued credits, delivering efficiencies and benefits to all market participants.”

Aside from carbon removal instruments, trading volumes of ACR’s industrial process and technology credits have surged on CBL this year. More than 3.5 million tons of CORSIA-aligned ACR credits have traded this year on CBL, an increase of more than 30 times from last year’s total.

ACR and its sister Winrock enterprise, the Architecture for REDD+ Transactions (ART), are the only two crediting programs approved by ICAO to supply post 2020 units to the pilot phase and the first compliance phase of CORSIA, which will go into effect in 2024.

Source: Xpansiv