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.
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.
