Organisations will be able to buy and sell carbon credits on CIX through different products and platforms that will be offered.
DBS Bank (DBS), Singapore Exchange (SGX), Standard Chartered and Temasek will join forces to develop Climate Impact X (CIX), a global carbon exchange and marketplace.
According to a joint press release, the companies will enter a joint venture to establish CIX, which is aimed at providing organisations with high-quality carbon credits to address “hard-to-abate emissions”.
