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Carbon Trade eXchange (CTX)

Carbon Trade eXchange (CTX)

Member: Gold
Since: 11.09.2020

2nd Floor Berkeley Square House, Berkeley Square, Mayfair, W1J 6BD London, United Kingdom

CARBON TRADE EXCHANGE: Announced as Article 6 Partner of the IETA at COP26

29.10.2021 Share

Global Environmental Markets (“GEM”) and its wholly owned Carbon Trade eXchange (“CTX”) is a Partner of the International Emissions Trading Association (IETA) COP26 BusinessHub, delivering ClimateTech to safeguard integrity in the climate market and specifically enabling Article 6 of the Paris Agreement. GEMs National Carbon Meta-Registries are Paris Agreement enabling technology that increases integrity of the carbon markets, promoting fairness and access for all stakeholders across the sell side countries and transparency and reduced risk for all parties on the buyside promoting sustainable development amidst a just transition to a low carbon future.

With the highly anticipated approval of the last piece of the Paris Climate Agreement, and specifically Article 6 – the need for National Carbon Meta Registries has never been greater for sovereign governments to ensure “carbon offsetting” “climate neutral” “double counting” “ITMO” and the democratisation of the carbon markets into a domestic carbon market with full digital access to the Global Markets. Emissions Reductions must be high quality, credible and each Sovereign Nation must deliver on their promise that carbon offsetting will not ultimately cause damage to the atmosphere but rather enable increased climate mitigation and a transfer of wealth into the sell side countries.

Source: Newlstter