The Voluntary Climate Marketplace
IncubEx and Trayport bring you best-in-class market access, transparency and trade efficiencies to the voluntary carbon offsets market – live as of March 25th, 2022.
Webinar: Voluntary Carbon Market: Problems, Solutions and the Path to Net Zero
On July 27th, industry experts Richard Wilson, (IncubEx) and Andrew Capewell (Trayport) will provide insight into the rapidly expanding voluntary carbon market. Other discussion topics include: How voluntary carbon markets work, requirements for creating a fair, transparent, and efficient market that enables buyers and sellers to transact with ease, and what is needed to build voluntary markets in the years ahead.
A New Platform for Voluntary Carbon Markets
With the voluntary carbon markets being largely opaque and inefficient, The Voluntary Climate Marketplace (TVCM) operated by IncubEx aims to bring best-in-class market access, transparent pricing and a more efficient trading process to the growing base of global stakeholders looking to achieve net-zero commitments and those generating offsets from carbon reduction projects.
Contact IncubEx to learn more about The Voluntary Climate Marketplace.
Digital Access to Carbon Offsets
The digital trading platform – Joule – is available as of March 25th, 2022 to trade voluntary carbon offsets on The Voluntary Climate Marketplace (TVCM). This innovative marketplace will enable participants to place bids and offers on a live market. TVCM, through Joule, supports the trading of standards recommended by The International Carbon Reduction and Offset Alliance (ICROA).
Offsets will be tradable in a hybrid way, whereby transactions take place through Joule with the final deal execution taking place through bilateral contracts. The TVCM streamlined contracting process simplifies the physical settlement and payment, reducing time and cost to transact. Additional details are forthcoming on this process.
Best-In-Class Technology with Unrivaled Market Experience
Trayport and IncubEx are working together to power and operate The Voluntary Climate Marketplace, an electronic platform for trading Voluntary Carbon Offsets. Trayport is a leading trade execution platform in global energy markets. IncubEx has an unrivaled domain expertise and experience in establishing and growing environmental markets globally, including voluntary carbon. Many of the IncubEx team developed the world’s first and only voluntary, legally binding greenhouse gas reduction and trading program at Chicago Climate Exchange (CCX) nearly 20 years ago. Together, this collaboration combines these experiences to bring a new, innovative solution to voluntary carbon markets.
What types of carbon credits are eligible to be listed?
Contracts are offered based on leading voluntary standards including: Gold Standard, Verified Carbon Standard, Climate Action Reserve, American Carbon Registry, and WCI ARB. These registries are recognized by the International Carbon Reduction and Offset Alliance (ICROA). Projects under various registries range from renewable energy such as wind, solar and hydro to forestry and avoiding deforestation and others.
How do you trade these markets using the platform?
What protections are in place for market participants?
What are compliance carbon markets?
“This collaboration is focused on increasing market access, transparency and execution efficiencies in more bespoke off-exchange voluntary carbon offset credits and other environmental attributes alongside more liquid, standardised exchange-traded environmental commodities. The IncubEx team has deep-rooted experience in pioneering voluntary carbon markets at Chicago Climate Exchange (CCX) and this initiative is in direct response to voids and opportunities expressed to us by our longstanding network of environmental market customers.”
– Michael MacGregor, CEO of IncubEx
“We are excited to be working with IncubEx, which will operate a digitised marketplace, with Trayport’s dedicated front-end screen being used for trading OTC, spot and forward voluntary carbon offsets. This collaboration aims to bring transparency, liquidity and greater standardisation to an otherwise opaque marketplace. In doing so, it will greatly improve transactional efficiency and open up the market to a wider array of market participants including a growing number of corporates and sovereigns who have made net-zero commitments.”
– Peter Conroy, President of Trayport
A Broad Range of Offsets
Through TVCM, leading voluntary carbon Standards are available to trade electronically. Voluntary carbon markets use several established, respected and proven registries that apply a set of criteria to various projects. Each is verified by a third-party to ensure that emissions reductions are indeed occurring and accurate. This provides credibility for each carbon offset offered. These include:
Verified Carbon Standard
Climate Action Reserve
American Carbon Registry
A Trading Screen for Every Market Participant
Voluntary carbon offsets are based on verified projects that allow carbon emitters to offset “unavoidable” emissions by purchasing credits from projects that remove or reduce greenhouse gas emissions. These projects vary widely in design and purpose, and largely occur outside a regulatory or mandated policy.
TVCM allows traders, brokers, businesses, and developers to access and electronically trade voluntary carbon offsets through Trayport’s Joule platform utilizing an efficient matching and contracting structure.