Themes: Contract / Contract, Product / Service, Corporate Social Responsibility
Xpansivthe leading market platform and infrastructure for environmental commodities, today announced the launch of a new benchmark carbon offsetting contract, the Compensation of global emissions for sustainable developmenttm (SD-GEOtm).
This standardized contract, negotiable on Xpansiv CBL Scholarship, will act as a reference for companies and market players, so that they can carry out high quality carbon offsetting operations in the context of projects with a strong social impact. The SD-GEO contract will allow the realization of stove projects respecting a minimum of five sustainable development goals (SDGs) and compliant with Verra or Gold Standard certification programs.
Eligible projects will be closely monitored against CBL’s “Standard Instruments” program, which includes global emissions offsetting contractstm (GEO®), the first of this series, developed by Xpansiv, and Nature-Based Global Emissions Offsettm (N-GEO®), “widely considered to be at the forefront of becoming the most important price benchmark in the voluntary carbon offsetting market”, according to Quantum intelligence on commodities.
“Companies are often looking for offsetting projects that reduce emissions while having other benefits in the form of projects that benefit local communities, such as clean kitchens,” said Russell Karas, Xpansiv’s director of carbon market development. “This emerging segment of the carbon market will grow exponentially in the years to come. Xpansiv offers a better way to rate and redeem these premium credits. ”
“The concept of co-benefits is not new to CBL’s standardized compensation agreements,” said Ben Stuart, Xpansiv’s Chief Commercial Officer. “For example, N-GEO also requires Verra certification for climate, communities and biodiversity. SD-GEO is the latest in the series of GEO contracts and will bring transparency, pricing certainty and a streamlined selection process to a critical subset of the offset market. This is therefore another important step towards a zero-emission future. ”
“Clean kitchen projects have very significant effects in terms of sustainable development: our high quality projects reach between nine and eleven SDGs and improve the lives of poor rural communities in a measurable and permanent way,” he added. Chen Yang, commercial director of C – Quest Capital (CQC). “As the designer of one of the world’s leading clean kitchen projects, we welcome the Xpansiv initiative with open arms. This sets a key benchmark for the impact of such projects and creates a strong market that can support the future of clean kitchen projects. ”
Erik Petersson, Division Manager “Global Carbon Business” di Macquarie, an Xpansiv investor and co-distributor of carbon offsetting contracts across a number of CQC stove projects, called the launch of the SD-GEO contract a “watershed moment” in streamlining the net zero transition process. “Through this contract, organizations will be able to gain direct and transparent access to the high quality ‘social carbon’ market, based on standardized measurement results, and by supporting projects that are truly beneficial to these communities,” said Peterson. . “We are delighted to support the SD-GEO launch and associated opportunities to expand the offering to our customers. ”
Xpansiv reports that SD-GEO contracts will begin trading on December 5th. This announcement follows the launch of?Clear ESG? from APX, a subsidiary of Xpansiv and the leading provider of general ledger and general ledger infrastructure in environmental markets. ESGclear offers unprecedented transaction transparency that requires discounts, financing and ESG reporting across supply chains.
Xpansiv provides a market infrastructure and data platform dedicated to carbon-related commodities, renewable energy and digital energy. These smart commodities bring transparency and liquidity to markets, allowing players to evaluate energy, carbon and water to meet the challenges of an information-rich but resource-constrained world. The main business units of the company include CBLthe largest spot trade in environmental products, including carbon, renewable energy certificates and digital natural gas; H2OXthe main water exchange market; Signalsproviding end-of-day and historical market data; EMAthe leading multi-ledger portfolio management system for all environmental commodities, e APX, the main provider of registry infrastructures for the energy and environmental markets. Xpansiv is the digital link in which the signals of sustainability and price merge. xpansiv.com
About C-Quest Capital
C-Quest Capital (CQC) is a global leader in developing carbon projects whose goal is to transform the lives of low-income rural households whose health, well-being and economic prosperity are most threatened by climate change. CQC does this by enabling access to sustainable land use and clean energy technology solutions that reduce greenhouse gas emissions, fight global climate change and improve the lives of people in need. In the environmental finance ranking “Voluntary Carbon Market Rankings 2022”, CQC leads the “Best Project Developer: Energy Efficiency” category and ranks second in the “Best Project Developer: Energy Efficiency” category. Project Developer: Public Health “(best project developer in the public health category).
CQC was founded in 2008 and is headquartered in Washington DC, USA. The company has branches in India, Malaysia, Singapore, Cambodia and Australia, as well as field teams in the countries where it operates. CQC currently conducts carbon projects in more than seventeen countries in sub-Saharan Africa, Central America and South and Southeast Asia. CQC’s carbon transformation projects have already reduced emissions by 14.62 million tons and improved the lives of over 20 million people.
About Macquarie Global Carbon
The group’s “Global Carbon” division, active in the world commodity markets, is based on the energy transition activity deployed throughout the Macquarie group and is an extension of the latter’s involvement in the physical and financial aspects of the carbon and environmental products around the world for fifteen years. The company offers integrated carbon offsetting solutions throughout the offsetting lifecycle, from creation to retirement, and offers its clients expanded access to voluntary and regulatory carbon offsets, generating, structuring and providing capital for projects reduction and elimination of carbon emissions. To learn more, visit macquarie.com.
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