CBL exchange eyes growing share of offset trade
Exchange traded volumes rising as voluntary carbon market matures, CBL’s parent company Xpansiv tells Carbon Economist
An increasing share of trading in voluntary carbon market (VCM) offsets is migrating to exchange platforms as the market matures but the majority of deals are still executed bilaterally, according to Andy Bose, senior vice-president of market development and policy at Xpansiv, owner of the CBL exchange platform. Last year, 199 VCM market participants traded on the CBL exchange, which claims to have a 97pc share of exchange traded VCM offsets. Trading volumes on the exchange’s carbon platform in 2022 came to around 116mn t of CO₂e, up from around 10mn t in 2019, when almost all VCM trades were done bilaterally. The value of transactions on CBL in 2022 was $795mn. For context, London-based car
Also in this section
1 May 2024
Abundant storage and low cost of capturing CO₂ from sharply rising gas production mean NOC’s ambitious CCUS targets look well within reach
29 April 2024
Decarbonisation push and shifting multilateral trade policy sharpens continent’s need for carbon trading
29 April 2024
Canada’s oil sands producers need policy certainty to make the multibillion-dollar investments needed to achieve net zero, Pathways Alliance president Kendall Dilling tells Carbon Economist
25 April 2024
Carbon capture rates forecast to rise steadily from end of decade, but policy tools to drive large-scale deployment have yet to take shape, according to DNV