The Global Carbon Council (GCC) has inked two significant agreements with S&P Global Commodity Insights (SPGCI) and Climate Impact X (CIX), to revolutionize carbon market with enhanced liquidity and market integrity.
The council’s Registry Services Agreement with S&P Global Commodity Insights (SPGCI) aims to serve new-generation carbon market implementing GCC2.0. Under the agreement, SPGCI will offer GCC with its comprehensive registry services for transacting ACCs and ARECs through its Environmental Registry platform.
This partnership will uphold and ensure integrity and transparency in the carbon market by exclusively tracking issuance, transfer, retirement, and cancelation of carbon credits through council Registry. The council Registry, operated by S&P Global Commodity Insights, will be the exclusive platform for tracking all activities related to carbon credits.
In addition, the council has entered into a strategic tri-party deal with S&P Global Commodity Insights (SPGCI) and Climate Impact X (CIX), a prominent carbon market solutions provider based in Singapore. The collaboration aims to transform the carbon market by providing project developers with easy access to global buyers and enhanced liquidity.
As the councils issuance of high-quality ACCs continues to flourish, this integration addresses a key market challenge: providing project developers with a seamless credit monetization process and buyers at CIX with transparent, credible, and verifiable carbon credits.
This alignment between a trusted registry and a leading marketplace and exchange highlights the shared commitment to promoting greater market participation and integrity.
Dr. Yousef bin Mohammed Al Horr Founding Chairperson – Global Carbon Council
“The three-party collaboration will unlock new avenues of liquidity for the council’s project developers, creating far-reaching opportunities to scale up carbon offsetting initiatives and drive meaningful environmental impact. By joining forces with Climate Impact X and leveraging S&P Global Commodity Insight’s Environmental Registry, the council will enhance its capability to facilitate the seamless trading of high-integrity carbon credits issued by the council.”
Dr. Al Horr also highlighted the incredible journey of the council program, underlining its efforts that have achieved global recognition, with more than 1,500 submissions from GHG mitigation projects across 45 countries. The agreement is set to further expand the council program, foster sustainable development and support the transition to a low-carbon economy.
Jonty Rushforth, Head of Environmental Solutions at S&P Global Commodity Insights, stated that, “This marks a renewal of our longstanding partnership with Global Carbon Council, as well as a new era for carbon markets. At COP29 in Baku, we saw first signs of revitalization.”
“COP29 has reignited optimism for carbon markets, with progress on Article 6 and alignment among key players, stating that the next step is to turn these agreements into action. By connecting to a wide network of registries, CIX is building the critical infrastructure to scale market liquidity, enhance transparency and unlock financing for impactful climate solutions. The main goal is to bridge buyers and sellers, creating more opportunities to access quality credits, and driving the evolution of a more liquid and efficient carbon market,” added Ellery Sutanto, Head of Exchange at Climate Impact X.
