Xpansiv Set To Offer Latin American Carbon Credits From EcoRegistry

Xpansiv Set To Offer Latin American Carbon Credits From EcoRegistry - Carbon Herald
Source: EA09 Studio/Shutterstock

Xpansiv recently announced that it will be including carbon credits from EcoRegistry, the most prominent carbon registry in Latin America. The credits will become available on February 21 and will be integrated with Xpansiv spot market CBL’s limit order book.

EcoRegistry’s credits are issued through the Cercarbono voluntary carbon certification program and will trade together with credits issued by the American Carbon Registry, Climate Action Reserve, Gold Standard and Verra.

“The Cercarbono carbon crediting standard, which uses our blockchain-based platform for its registry system, has issued over 47 million credits with ISO’s carbon standards adhering to stringent criteria for high-integrity crediting,” said Juan David Duran Hernandez, CEO of EcoRegistry. “We are excited that communities, proponents and representatives of projects ranging from Latin America to India to Turkey will soon be able to make their credits available for trading on the CBL spot market.”

Through the combined efforts of EcoRegistry and Cercarbono (with the former acting as a service provider), over 139 projects across the world have been funded and incentivized to perform a broad range of emission-reducing activities.

Relevant: Xpansiv Acquires Evolution Markets To Help Drive The Energy Transition

Xpansiv is already working some of its clients on setting EcoRegistry accounts before the launch, so that trading can commence right away.

This is another instance of Xpansiv’s recent growth, with the carbon credits exchange recently announcing the acquisition of Evolution Markets Inc., a leading provider of transaction and advisory services in the global carbon, renewables, and energy transition markets.

Xpansiv also recently received a $400 million strategic investment from Blackstone Energy Partners, signaling the rising potential of carbon markets, which Bloomberg NEF says may reach $1 trillion by 2037.

Read more: Blackstone Commits $400 Million To Strategic Investment In Xpansiv

Leave a Reply

Your email address will not be published. Required fields are marked *

Related Posts
Translate »
Total
0
Share