Mitigating climate change is increasingly becoming the focus of companies and businesses. And, data, as they say, is the new oil. What then is a better way than to take advantage of both secular trends in one go?

The Singapore Exchange (SGX) plans to launch new derivative contracts using carbon data from the upcoming carbon exchange, Climate Impact X (CIX), just like how it had done so with shipping and freight data from the Baltic Exchange.

SGX currently provides a range of shipping derivative contracts based on the Capesize, Panamax, Supramax and Handysize timecharters. It also provides derivative contracts based on individual voyage routes that shipowners, chartering and trading companies, as well as users in the key dry bulk markets of iron ore and thermal coal, use.

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