What trends are you seeing in carbon markets?
In the last few years, the regulated and voluntary markets have been affected by an oversupply of carbon credits. Prices have tumbled and it’s very difficult to make an economically viable project for Certified Emissions Reduction (CERs).
Oversupply in the UN regulated market has caused some price declines in the voluntary market because companies have transitioned from CERs into the voluntary market.
“There is no excuse not to act. You don’t have to wait for the government to tell you what to do.”
Wayne Sharpe, Executive Chairman and Founder, CTX
How are you building your market share?
A very large portion of the global carbon market is still carried out over-the-counter or by direct intermediaries. We are building an infrastructure that makes us massively superior so we can grow our market share. The security and complexity needed for a global exchange solution is not easy to build, but we already have contractual relationships with more than a dozen registries. We want to engage with all the brokers in the market. We want to provide the global scale and capacity needed to address the climate change problem. Exchange technology is the only way to achieve that.
What are your key target markets?
In the last year we have predominantly targeted and focused on developing the US market. We have built our platform for the California carbon market and our platform in New York is live and operational. Now we want to raise money to re-enter the European market
