Carbon EX Launches Carbon Credit and Emission Rights Exchange Service
Carbon EX, a joint venture between Asuene and SBI Holdings, has launched a carbon credit and emission rights exchange service.
Carbon EX was established in June of this year as a joint venture between Asuene, which provides sustainability management support services to companies, and SBI, which operates various financial services businesses and has knowledge and expertise in the operation of private trading systems (PTS). The new company will open a carbon credit and emission rights exchange. This will be the first time in Japan that a major Japanese financial institution group has announced the establishment of a carbon credit/emission rights exchange.
Carbon EX handles a wide range of types of carbon credits, including Japanese and overseas voluntary carbon credits, J-credits, and non-fossil certificate electricity certificates, and plans to handle bilateral credit schemes (JCM) and ESG products in the future.
Until now, relative trading in Japan has been limited to domestic J-credits and non-fossil certificates. However, Carbon EX’s exchange/marketplace platform will enable domestic and foreign project developers (sellers) and multiple buyers (buyers) to trade according to various purposes and needs (methodologies and certification standards), and will serve as a starting point for the creation of carbon credit-related businesses
Buyers will be able to purchase the credits that meet their needs by considering and comparing the features and details of each credit, including overseas and Japanese removal and sequestration to forest/nature-based credits.
In total, 35 types of credits and non-fossil certificates can be handled through the platform. Currently, the CarbonEX platform has more than 300 companies pre-registered, with over 1.3 million tons of registered credits. In addition, Carbon EX has been supporting Japanese enterprise customers on off-market bases, to help supply different types of credits upon their needs.
With regard to partnerships, Carbon EX has signed an MOU with Sumitomo Mitsui Financial Group and will consider a wide range of collaboration including carbon credit and environmental value transactions. Carbon EX has also agreed with SBI Shinsei Bank to collaborate in carbon credit related business.
In addition, Carbon EX has signed an agreement with BeZero Carbon, a carbon credit rating agency in the U.K., to visualize credit rating information on the Carbon EX platform and provide useful information for credit comparisons.
On October 4th, Carbon EX started full registration to sellers, and full registration for buyers will be ready in late October, which then will allow buyers and sellers to start trading on the platform.
Core Features of Carbon EX
Support wide range of carbon credits types from around the world: A broad range of credits, including voluntary carbon credits, J-credits, and non-fossil certificates, are available for sale and purchase. Both Japanese and English versions are available and can be used by overseas companies. In addition, access to carbon credits around the world is available 24 hours a day/365 days a year.
High reliability of the platform: With SBI’s expertise in the financial market, Carbon EX will aim to deliver a reliable platform for all users to access and trade safely. Carbon EX will also do its best to assess and visualize the quality of the credits by collaborating with globally leading credit rating companies.
Providing consulting services for carbon credit creation and purchase:
Carbon EX provides support to voluntary carbon credit creation businesses in Japan and overseas, and provide explanations and proposals on types of credits according to customers’ objectives and needs. Carbon EX supports PR and brand enhancement by publicizing their company’s credit offsetting efforts externally.
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