Under the agreement, CIX customers will be able to access Viridios dynamic pricing data for specific carbon projects at vintage level. This will provide corporate buyers and institutional investors another lens to compare between carbon credit projects curated by CIX. Today, this information is not readily available to market participants.
“We’re delighted to be partnering with Climate Impact X to help bring our unique data on carbon projects to a wider audience,” says Viridios Group Executive Chairman Eddie Listorti.
“Viridios AI, a Viridios Group company, is committed to improving the value discovery around carbon projects to allow capital to flow more freely into the complex carbon markets as the world seeks to meet its climate and net-zero targets.
“We’re also determined to help all market participants get the information they need so they can make more informed decisions about their carbon investments and this partnership will go a long way to helping achieve that,” Listorti says.
CIX is jointly established by DBS Bank, Singapore Exchange, Standard Chartered and Temasek. The company recently announced the launch of Project Marketplace, a digital platform for corporate buyers and institutional investors to discover, compare, buy and retire quality carbon credits. It will soon also be launching its Auction platform, a specialised digital venue for discovering the fair market value of unique carbon credits; and the Exchange, which will enable two-way spot trading of quality credits through standardised contracts.
According to CIX Chief Executive Officer Mikkel Larsen: “Viridios provides broad coverage of pricing data from current carbon projects around the globe. As we onboard newer projects without established market prices, Viridios’ data will also help to provide reassurance to our buyers that they are paying the right price for these credits.”
The deal comes following Viridios’s agreement last year with S&P Global Platts (“Platts”), the leading independent provider of information and benchmark price assessments for the commodities and energy markets, with its data now powering a series of carbon indices to enhance transparency in the complex voluntary carbon market. The CARBEX series highlights the discrete value of individual co-benefits aligned to the UN Sustainable Development Goals.
According to Viridios AI CEO Marcelo Labre: “We remain committed to improving transparency, liquidity and accuracy in the carbon market, and using our unique data and solutions to help empower a wide range of market participants to achieve their business goals on climate action.”
For further information on Viridios or to start a 14-day free trial of the VAI service, visit: viridios.ai.
Viridios Group Executive Chairman Eddie Listorti is available for interview
Contact: Tom Godfrey | +61 (0)477 486 095 | [email protected]
Viridios AI (www.viridios.ai) provides best in class technology to facilitate transparency in carbon market trading to create a value gateway for market participants. Its mission is to bring robust valuation methodology and instruments found in all other commodity markets, to this critical asset class and to help clients future-proof their carbon offset strategies. S&P Platts, along with Viridios AI began publishing a series of six carbon credit indices in August 2021 called the Platts CARBEX Carbon Credit Indices (powered by Viridios AI). The AI-powered indices are designed to enhance transparency into voluntary carbon credits and co-benefits. The VAI platform provides access to Viridios AI’s market-leading modules, Valuation Risk Engine (VRE) and MARKS, providing subscribers with a full suite of carbon market intelligence on a single dashboard.
Climate Impact X (CIX) is a global marketplace and exchange for quality carbon credits based in Singapore. Jointly established by DBS Bank, Singapore Exchange Limited, Standard Chartered and Temasek, CIX maintains a high-quality threshold for carbon credits offered on its platforms and is committed to a high-integrity approach to scaling the voluntary carbon market.
To support its quality standards, CIX is working with an ecosystem of partners to harness technologies such as satellite monitoring and machine learning that deliver transparent data around project impact and risk. CIX is developing several platforms and products to flexibly serve different needs of carbon credit buyers and suppliers. The Project Marketplace offers quality carbon credits that can meet corporate sustainability objectives. The Auction platform is a specialised digital venue for discovering prices of unique projects and standardised products through the efficient aggregation of market supply and demand. It can be tailored to a wide variety of custom needs. Finally, the Exchange will enable two-way spot trading of quality credits through standardised contracts. It will host meaningful liquidity and provide the market with clearer price transparency and risk management solutions.