What can three Singapore-based carbon or green exchanges add to the many already in existence? There are several carbon exchanges but only six exchanges trading under the United Nations Framework for Climate Change-related carbon credits with emission-related permits.

These are CTRB European Energy Exchange (Europe), ICE Endex (Europe), ICE Futures Europe-Commodities (Europe), ICE Futures US Energy Division (US), Nasdaq OMX Commodities (US) and NYMEX Exchange US.

Without delving into the intricacies of carbon credits and carbon markets, DBS Group Holdings together with Standard Chartered Bank, Singapore Exchange (SGX) and Temasek Holdings have launched a carbon exchange, Climate Impact X (CIX), which will be a Singapore-based global exchange.

To continue reading,

Sign in to access this Premium article.

Subscription entitlements:

Less than $9 per month
3 Simultaneous logins across all devices
Unlimited access to latest and premium articles
Bonus unlimited access to online articles and virtual newspaper on The Edge Malaysia (single login)

Stay updated with Singapore corporate news stories for FREE

Follow our Telegram | Facebook