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Competition in carbon exchanges heats up

Ng Qi Siang
Ng Qi Siang 6/18/2021 07:00 AM GMT+08  • 10 min read
Competition in carbon exchanges heats up
Carbon exchanges are becoming more popular as ESG and digital assets capture the imagination of the Singapore markets.
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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.

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