Climate Impact X to Roll Out New Market Intelligence Service

Singapore-based Climate Impact X (CIX) is set to launch a new market intelligence service in the coming months to help inform decision-making and raise market-wide price transparency across the voluntary carbon market (VCM).

This builds on the success of its popular daily carbon market report, CIX Carbon Daily, which has drawn a global subscriber base of over 600 companies and counting since its release last year.

CIX Intelligence will offer exclusive access to a groundbreaking trade database, which aims to provide a new level of visibility into trading, price and liquidity patterns, and help to unlock better understanding of credit type- and project-specific price dynamics.

The database will comprise several thousand project- or contract-specific transactional data points across the VCM. This repository of historical disaggregated records will include bid, offer and trade data reported by market participants as well as proprietary data from CIX’s trading venues, making it an ideal and powerful new tool for carbon traders, commercial managers and analysts.

The service also includes CIX’s growing suite of on-screen driven price benchmarks, which are built on global best practices and underpinned by trading activity during CIX Exchange’s signature time-bound pricing sessions. These daily or weekly liquidity windows concentrate trading activity for different segments of the VCM and generate high-quality data points, resulting in sharper, market-driven prices.

Julien Hall, Pricing Director at CIX, said, “Pricing in the VCM is both opaque and uniquely complex, hindering market efficiency and fairness. By lifting the veil and providing the market with a database of actual disaggregated trade data, we hope to contribute to a reduction in market-wide information asymmetry and equip market participants with foundational new tools to power their analytics.”

“Price transparency is a cornerstone of a well-functioning market, and alongside this innovative new dataset, we are proud to continue our work to establish relevant and participatory price benchmarks.”

CIX will continue to expand its VCM trade database, and new benchmarks will also be introduced in response to market needs and conditions.

CIX’s suite of on-screen driven benchmarks includes CIX Nature X (CNX), CIX Cookstoves X (CCX), the recently launched CIX ARR X (CAX), and will grow to include other relevant segments of the VCM such as credits eligible under the Integrity Council for the Voluntary Carbon Market’s (ICVCM) Core Carbon Principles (CCP), among others.

CIX spot price assessments are built on pricing methodologies and governance processes aligned with international best practice, with the company confirming alignment of its CNX benchmark with the International Organisation of Securities Commissions Principles for Oil Price Reporting Agencies (IOSCO Principles) last November following an independent audit by professional services firm Ernst & Young.