Climate Impact X and Carbonplace combine to build infrastructure for next phase of environmental markets

Climate Impact X (CIX), a global environmental markets exchange headquartered in Singapore, and Carbonplace, a London-based full-service platform for carbon portfolio management and trading, have announced their intent to merge, bringing together complementary capabilities to build the financial market infrastructure underpinning the next phase of environmental markets. The deal, subject to final regulatory approvals, reflects a shared view that carbon and environmental markets have entered a new chapter shaped by higher standards for integrity, transparency and accountability. However, the markets’ true climate change mitigation potential can only be realised if…

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Carbonplace Announces New CEO; Secures USD 45 Million in Funding  

Carbon credit transaction network Carbonplace has raised USD 45 million in a strategic round of investment and formed its own entity, it was announced today.  Carbonplace, which connects buyers and sellers of carbon credits through their banks, secured the seed funding from the financial institutions which founded the fintech: BBVA, BNP Paribas, CIBC, Itaú Unibanco, National Australia Bank, NatWest, Standard Chartered, SMBC and UBS. Through the investment, each bank shares equal equity ownership in the new company which is expected to launch its platform later this year.   Headquartered in London,…

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