Climate Impact X (CIX) would like to inform members and other market participants of important updates to our governance documents in preparation for the upcoming launch of our refreshed platform – CIX Exchange.
In accordance with the CIX Rulebook, this market notice serves as formal notice of updates to the following documents:
Following the decision notice (MN2025/08) and public consultation (MN2025/12) that ran from 5 March 2025 to 4 April 2025, Climate Impact X (CIX) has discontinued its China ARR standard contracts, along with the associated benchmark assessments.
Trading of the CIX ARR X – China (CAX-C) standardised contracts on the CIX Exchange has ceased as of 22 July 2025, including v21-24 and v20-24 contracts. In addition, CIX has discontinued the publication of the CAX-C benchmark assessments listed below.
Contract and Benchmark Name
Assessment Code
CIX ARR X – China Benchmark
AC00002
CAX-C v21-24
AC00006
CAX-C v20-23
AC00004
Questions or feedback can be sent to pricing@stg-climateimpactxcom-staging.kinsta.cloud. Please ensure that the appropriate members of staff within your organisation and customers are advised of the content of this notice.
Following the decision notice (MN2025/13) and public consultation (MN2025/09) that ran from 5 March 2025 to 4 April 2025, Climate Impact X (CIX) has discontinued the publication of several older vintage Nature X and Cookstoves X price assessments.
The following price assessments have been discontinued as of 13 May 2025. Notwithstanding this discontinuation, trading of the CIX Nature X (CNX) v16-19 and CIX Cookstoves X (CCX) v20-23 standard contracts will continue to be available on the CIX Exchange.
Nature X
Price Assessment Name
Assessment Code
CNX v16-19
NC00005
CIX Nature v16 (Vintage assessment)
NC00009
v16 differential to Nature X (Benchmark to Vintage Differential)
NC00013
Nature v16 to v17 (Inter-vintage differential)
NC00016
Cookstoves X
Price Assessment Name
Assessment Code
CCX-LG v20-23
CC00005
CCX-DG v20-23
CC00006
CCX-LV v20-23
CC00007
CCX-DV v20-23
CC00008
Questions or feedback can be sent to pricing@stg-climateimpactxcom-staging.kinsta.cloud. On the day of implementation, CIX will publish an additional Implementation Notice to alert market participants that the change has come into effect.
Please ensure that the appropriate members of staff within your organisation and customers are advised of the content of this notice.
Following market consultation, Climate Impact X (CIX) has decided to discontinue the publication of price assessments of older vintage Nature X and Cookstoves X price assessments.
The decision follows a proposal notice and a public consultation that commenced on 5 March 2025. The proposal was made following a routine evaluation of the level of activity and relevance of these price assessments. Market feedback received during the consultation period was supportive of the final decision to discontinue price assessments that are associated with the CIX Nature X (CNX) v16-19 and CIX Cookstoves X (CCX) v20-23 standard contracts. Notwithstanding this decision, trading of CIX Nature X (CNX) v16-19 and CIX Cookstoves X (CCX) v20-23 standard contracts will remain available on the CIX Exchange.
Following the decision, below price assessments will cease as of 13 May 2025.
Nature X
Price Assessment Name
Assessment Code
CNX v16-19
NC00005
CIX Nature v16 (Vintage assessment)
NC00009
v16 differential to Nature X (Benchmark to Vintage Differential)
NC00013
Nature v16 to v17 (Inter-vintage differential)
NC00016
Cookstoves X
Price Assessment Name
Assessment Code
CCX-LG v20-23
CC00005
CCX-DG v20-23
CC00006
CCX-LV v20-23
CC00007
CCX-DV v20-23
CC00008
Questions or feedback can be sent to pricing@stg-climateimpactxcom-staging.kinsta.cloud. On the day of implementation, CIX will publish an additional Implementation Notice to alert market participants that the change has come into effect.
Please ensure that the appropriate members of staff within your organisation and customers are advised of the content of this notice.
Following market consultation, Climate Impact X (CIX) has decided to discontinue the China ARR X standard contracts, along with the associated price assessments.
The decision follows a proposal notice and a public consultation that commenced on 5 March 2025. Market feedback received during the consultation period was supportive of the final decision. As such, trading of the CIX ARR X – China (CAX-C) v21-24 and v20-23 standard contracts on the CIX Exchange will cease as of 22 July 2025. In addition, CIX will discontinue publication of the associated price assessments listed below.
Price Assessment Name
Assessment Code
CIX ARR X – China
AC00002
CAX-C v21-24
AC00006
CAX-C v20-23
AC00004
Questions or feedback can be sent to pricing@stg-climateimpactxcom-staging.kinsta.cloud. On the day of implementation, CIX will publish an additional Implementation Notice to alert market participants that the change has come into effect.
Please ensure that the appropriate members of staff within your organisation and customers are advised of the content of this notice.
Following market consultation, Climate Impact X (CIX) has decided not to reinstate any cookstove projects developed by C-Quest Capital (CQC) that have been taken off hold and reverted to a ‘Registered’ status on Verra. These projects will remain ineligible for delivery into CIX Cookstoves X (CCX) standard contracts, including the Least Developed Countries Verra (CCX-LV) and Developing Countries Verra (CCX-DV) contracts.
The decision follows a proposal notice (MN2024/28) and a public consultation that commenced on 21 October 2024. Market feedback received during the consultation period was supportive of the decision. Prior to the consultation, CIX had announced (MN2024/21) the temporary suspension of CQC projects placed under the Monitoring Period. With this final decision, CQC projects remain ineligible for delivery across all vintages of CCX-LV and CCX-DV standard contracts, including v22- 25, v21-24 and v20-23.
Questions or feedback can be sent to pricing@stg-climateimpactxcom-staging.kinsta.cloud. Please ensure that the appropriate members of staff within your organisation and customers are advised of the content of this notice.
Following market consultation, Climate Impact X (CIX) has decided not to add the Generation Forest Group Project (VCS 2481) in Panama to the list of projects deliverable under its afforestation, reforestation, and revegetation (ARR) standard contract, CIX ARR X (CAX).
The decision follows a proposal notice (MN2024/25) and a public consultation that commenced on 9 September 2024. Market feedback received during the consultation period was supportive of the decision. As a result, the 12 projects currently deliverable under CAX remain as follows:
Afforestation of Degraded Grasslands in Vichada, Colombia (VCS 2512)
Reforestation of Degraded Forest Reserve Areas in Ghana, West Africa (VCS 2410)
Bagepalli CDM Reforestation Programme (GS 4240)
Reforestation Program in the Southeastern Region of Nicaragua on degraded pastureland (GS 4220)
TIST Program in Kenya, VCS005 (VCS 737)
Grouped Project for Commercial Forest Plantations Initiatives in the Department of Vichada (VCS 1530)
Reforestation of Degraded Lands in Sierra Leone (VCS 2401)
WithOneSeed Timor Leste Community Forestry Program (GS 4210)
CO2OL Tropical Mix (GS 2940)
Reforestation of Degraded Forest Reserves in Ghana (VCS 987)
Questions or feedback can be sent to pricing@stg-climateimpactxcom-staging.kinsta.cloud. Please ensure that the appropriate members of staff within your organisation and customers are advised of the content of this notice.
Climate Impact X (CIX) is proposing to discontinue its older vintage Nature X and Cookstoves X standard contracts, along with the associated price assessments, and invites feedback on this proposal from market participants.
Under the proposal, trading of the CIX Nature X (CNX) v16-19 and CIX Cookstoves X (CCX) v20-23 standardised contracts on the CIX Exchange would cease as of 17 July 2025. For CCX v20-23 contracts, it includes the Gold Standard Least Developed Countries (CCX-LG), Gold Standard Developing Countries (CCX-DG), Verra Least Developed Countries (CCX-LV), and Verra Developing Countries (CCX-DV) contracts. In addition, CIX would discontinue the publication of the associated benchmark assessments listed below.
Contract and Benchmark Name
Assessment Code
CNX v16-19
NC00005
CIX Nature v16
NC00009
Benchmark to Vintage Differential (v16 differential to Nature X)
NC00013
Inter-vintage differential (Nature v16 to v17)
NC00016
CCX-LG 20-23
CC00005
CCX-DG 20-23
CC00006
CCX-LV 20-23
CC00007
CCX-DV 20-23
CC00008
This proposal is part of a continuous and routine effort to ensure CIX’s standard contract and benchmarks offerings align with the more active and recent vintages, and comes in the context of reduced liquidity and trading activity for the vintages proposed for discontinuation.
Market participants may provide feedback to pricing@stg-climateimpactxcom-staging.kinsta.cloud before 4 April 2025. Feedback received will be published unless marked as confidential. Upon review of feedback received, CIX will publish a Decision Notice. Should the methodology change go ahead as proposed, on the day of implementation, CIX will publish an additional Implementation Notice to alert market participants that the change has come into effect.
Please ensure that the appropriate members of staff within your organisation and customers are advised of the content of this notice.
Climate Impact X (CIX) is proposing to discontinue its China ARR standard contracts, along with the associated benchmark assessments, and invites feedback on this proposal from market participants.
Under the proposal, trading of the CIX ARR X – China (CAX-C) standardised contracts on the CIX Exchange would cease as of 17 July 2025, including v21-24 and v20-24 contracts. In addition, CIX would discontinue the publication of the CAX-C benchmark assessments listed below.
Contract and Benchmark Name
Assessment Code
CIX ARR X – China Benchmark
AC00002
CAX-C v21-24
AC00006
CAX-C v20-23
AC00004
This proposal comes in the context of ongoing voluntary withdrawal of China ARR projects from the Verra registry, which has significantly reduced the qualifying volume for these contracts and reduced trading activity in this segment of the market.
Market participants may provide feedback to pricing@stg-climateimpactxcom-staging.kinsta.cloud before 4 April 2025. Feedback received will be published unless marked as confidential. Upon review of feedback received, CIX will publish a Decision Notice. Should the methodology change go ahead as proposed, on the day of implementation, CIX will publish an additional Implementation Notice to alert market participants that the change has come into effect.
Please ensure that the appropriate members of staff within your organisation and customers are advised of the content of this notice.
Climate Impact X (CIX) has suspended the membership of Finbird Technologies Private Limited, effective 7 February 2025.
This action was taken following a breach of the CIX platform terms and user agreement, as outlined under Section 6.2 of the CIX Rulebook and Section 2 of the CIX Operating Procedures.
CIX is committed to fostering a high-integrity, transparent carbon market trading environment. This suspension underscores our dedication to upholding the standards that protect the interests of our members and market participants, and to ensuring the proper functioning of this ecosystem.
