The Carbon Trade Exchange (CTX) announced the start of a new centralized exchange platform that will allow users to buy and sell allowances from the Regional Greenhouse Gas Initiative, the first mandatory cap-and-trade program in the US to limit carbon dioxide from the power sector.
CTX RGGI Exchange offers intra-day spot trading of RGGI units and is electronically connected with Wells Fargo.
The announcement shows the continued progress CTX has made in less than a year.
Since its launch in North America in 2014, CTX has built strategic relationships with APX Environmental Management Account, Gold Standard, VCS, Climate Action Reserve and American Carbon Registry. CTX also announced a partnership with Minneapolis Grain Exchange (MGEX) in an effort to help launch a CTX in the cap-and-trade program in California.
"CTX is expanding its suite of global carbon trading platforms with the launch of the RGGI Exchange in the US. We are relentlessly committed to providing liquidity and transparency to market participants and enabling companies to address climate change as a part of their broader sustainability plans," said Nathan Rockliff, president of CTXUSA, in a statement.
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