The Carbon Trade Exchange and Winrock International’s American Carbon Registry announced a new partnership on 10th January 2011 that demonstrated a commitment to take voluntary carbon offset trading to a new level.
Carbon Trade Exchange (CTX), the world’s first web based electronic platform for spot trading of voluntary carbon credits, and the American Carbon Registry (ACR), the first US carbon offset standard organisation and project registry, will interface to trade ACR’s entire range of diverse credits. Once technical interface is complete by the end of January, ACR’s premium credits can be traded electronically around the globe. The listing of ACR credits will provide broader options and market access to buyers and sellers via CTX’s unique web based trading platform, on which credits are also offered from Gold Standard and Voluntary Carbon Standard.
Agreed to on the sidelines of COP16 in Cancun and signed on New Year’s Eve, the deal between the two organisations proves their mutual commitment to making 2011 the year voluntary carbon offset trading grows to record levels. By working together to build the market, CTX and ACR are demonstrating that business is taking the initiative to combat climate change and spur innovation in the carbon market.
‘To achieve the emissions reductions we need to avoid catastrophic climate change, we need global technology that any business can use easily, and quality offsets that remove any doubt of the process,’ said Wayne Sharpe, CEO of Carbon Trade Exchange. ‘A carbon credit is a financial mechanism to move money from those creating the problem to those solving it. American Carbon Registry has led the way in science based offset certification and registration in North American long before many others. We are proud to interface with a US carbon icon.’
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