Carbon Standards International and EcoRegistry now included in the approved registries list for CIX Clear

Climate Impact X (CIX) has approved two new registries to CIX Clear, the clearing and settlement service for privately negotiated transactions.

With immediate effect, issued and verified credits by the approved standards under EcoRegistry and validated C-Sinks under Carbon Standards International are available for clearing and settlement via CIX Clear.

The CIX Operating Procedures have also been updated to incorporate the approved registries and permissible products under CIX Clear which can be found here.

CIX Clear accepts only verified credits from pre-approved voluntary credits crediting certification programmes, as part of a single-project, multi-project or portfolio transaction. Other approved programmes include American Carbon Reserve, Climate Action Reserve, Evident, Gold Standard, Puro.earth and Verra’s Verified Carbon Standard.

Please ensure that the appropriate members of staff within your organisation and customers are advised of the content of this market notice.

For any queries on this notice, please reach out to CIX’s support team at +65 3135 1620 or email support@climateimpactx.com.

About Carbon Standards International

At Carbon Standards, we’re at the forefront of shaping a sustainable future by setting carbon standards for biochar production and ensuring its quality (EBC, WBC). We also encompass carbon sinks with multiple methodologies (EBC C-Sink, Global Artisan C-Sink, Global Tree C-Sink). Whether you’re involved in industrial or artisanal biochar, we’ve got you covered. Moreover, with our World-Climate Farm Tool, we offer a comprehensive solution for calculating the carbon footprint of farms and their corresponding products. Join us as we set the standards for a greener tomorrow. For more information, please visit https://www.carbon-standards.com/en/home.

About EcoRegistry

EcoRegistry is dedicated to advancing climate action through technological innovation. Their platform offers scalable digital solutions that empower global efforts to combat climate change. From registration platforms ensuring secure data for environmental asset issuance, to accounting systems ensuring traceability of environmental commodities, and tracking systems for monitoring a country’s commitments to the Paris Agreement, EcoRegistry’s innovative tools drive tangible progress towards a sustainable future. For more information, please visit www.ecoregistry.io.

Climate Impact X (CIX) would like to inform members and other market participants that the list of projects eligible for delivery into CIX ARR X – China (CAX-C) has been updated with immediate effect. CAX-C is part of CIX’s first carbon removals contract series to launch on CIX Exchange.

Deactivated

The CAX-C contract specification stipulates that projects must be registered with Verra’s Verified Carbon Standard (VCS) and Community and Biodiversity (CCB) standards to be deliverable into CAX-C. Following changes in the certification and project status of Qianbei Afforestation Project, the project is no longer eligible for delivery into CAX-C. Please note that vintage eligibility for delivery into CAX-C still applies.

Project Name	Project ID
Qianbei Afforestation Project	VCS2082

Please ensure that the appropriate members of staff within your organisation and customers are advised of the content of this notice.

For any queries on this notice, please reach out to CIX’s support team at +65 3135 1620 or email support@climateimpactx.com.

Climate Impact X (CIX) would like to inform members and other market participants that the list of projects eligible for delivery into CIX ARR X – China (CAX-C) has been updated with immediate effect. CAX-C is part of CIX’s first carbon removals contract series to launch on CIX Exchange.

Deactivated

The CAX-C contract specification stipulates that projects must be registered with Verra’s Verified Carbon Standard (VCS) and Community and Biodiversity (CCB) standards to be deliverable into CAX-C. Following changes in the certification and project status of Huadu Afforestation Project, the project is no longer eligible for delivery into CAX-C. Please note that vintage eligibility for delivery into CAX-C still applies.

Project Name	Project ID
Huadu Afforestation Project	VCS2379

Please ensure that the appropriate members of staff within your organisation and customers are advised of the content of this notice.

For any queries on this notice, please reach out to CIX’s support team at +65 3135 1620 or email support@climateimpactx.com.

Climate Impact X (CIX) would like to inform members and other market participants that the CIX Benchmark Methodology Guidebook has been updated with immediate effect. Specifically, these changes reflect the addition of afforestation, reforestation and revegetation (ARR) assessment methodologies to CIX price assessments and added detail on CIX’s data reporting process.

The sections that have been updated are as follows:

Sections	Updates and details	Page reference
Part 2: Index Methodology	Added segment on ‘CIX ARR X Methodology Waterfall’, which is a framework CIX applies to determine each of its benchmark ARR credit assessments.	4-5
	Added detail to Data Reporting section.	6
Part 3: CIX Indices and Key Details	Added to table ARR indices that will be assessed and published by CIX going forward.	8-9
	Set out information on the two ARR benchmark assessment that are available at launch, including details on registry, geography, pricing session and additional certifications.	8-9

The updated CIX Benchmark Methodology Guidebook is available here.

Please ensure that the appropriate members of staff within your organisation and customers are advised of the content of this market notice.

For any queries regarding CIX’s assessments and methodology, please reach out to CIX’s pricing team at pricing@climateimpactx.com.

Climate Impact X (CIX) will launch a new series of Afforestation, Reforestation and Revegetation (ARR) standardised spot contracts for the voluntary carbon market (VCM) today.

CIX ARR X contracts will trade under the contract series code ‘CAX’ on CIX Exchange. Available at launch are two contracts designed for market participants to trade and price the most liquid segments of the ARR market.

Contract Code	Project Location	Registry
[CAX]	Global	Gold Standard and Verra
[CAX-C]	China	Verra

Credits eligible for delivery into CAX and CAX-C contracts are issued within a fixed four-year vintage range, starting at launch with vintages 2020-2023. New contracts are created each year on the first working day of January, reflecting the most recent four-year vintage range.

The contracts will underpin a series of price assessments tracking the spot traded value of the most competitive eligible projects, as transacted during a weekly on-exchange pricing session that takes place on Thursdays from 5:00pm to 5:30pm SGT (GMT+8).

These new assessments will be published in the CIX Carbon Daily pricing intelligence, alongside existing assessments and differentials for nature-based reductions and cookstoves credit types.

CIX Exchange is open for trading Monday through Friday (excluding public holidays) from 12:00pm to 6:30pm SGT.

If you are interested in trading CIX ARR X contracts, please reach out to exchange@climateimpactx.com.

Climate Impact X (CIX) would like to inform members and other market participants that the CIX Operating Procedures and Rulebook have been updated with immediate effect.

The clauses and rules that have been updated are as follows:

CIX Operating Procedures

Clause	Amendments
Part A (Common)	Updated Clause 3
Part C (CIX Auctions)	Added Clauses 1 and 5 Updated Clauses 2, 3 and 4
Part D (CIX Exchange)	Added Clause 4
Appendix III – Schedule of Fees	Updated transaction fees for CIX Marketplace and CIX Auctions

CIX Rulebook

Rule	Amendments
Annex II Part A (CIX Marketplace Rules)	Updated Paragraphs 3 and 4
Annex II Part B (CIX Marketplace Definitions)	Updated definitions of ‘Buyer Transaction Confirmation’, ‘Confirmation’, ‘Seller Pre-Sale Confirmation’, ‘Seller Transaction Confirmation’
Annex III Part A (CIX Auctions Rules)	Updated Paragraphs 3, 4, 5 and 6
Annex III Part B (CIX Auctions Definitions)	Removed definitions of ‘Auction Participation Information’, ‘Minimum Round Price Increment’, and ‘Unimproved Losing Bid’ Added definitions for ‘Cash Balance Account’ and ‘Disqualified Bid’ Updated definitions for ‘Bid Attrition’, ‘Minimum Bid Price’, ‘Minimum Bid Price Increment’, and ‘Supply Stack’
Annex VI (Product Disclaimers)	Updated Paragraph 2 Added Paragraph 3 on Article 6 Credits

The summary of changes is also documented on the last page of the Operating Procedures and Rulebook, under the section ‘Document Revision History’.

Please ensure that the appropriate members of staff within your organisation and customers are advised of the content of this market notice.

For any queries on this notice, please reach out to CIX’s support team at +65 3135 1620 or email support@climateimpactx.com.

Following market consultation, Climate Impact X (CIX) will reinstate the Kasigau Corridor REDD Project Phase II – The Community Ranches (VCS 612) to the list of projects deliverable into the nature-based standard contract CIX Nature X (CNX), with effect from 6 May 2024.

The addition follows a proposal notice (MN2024/04) and public consultation that ran from 2 February 2024 and can be found here. Market feedback received during the consultation period was supportive of the proposal.

The project will be deliverable across all vintages of CNX standard contracts, including v16-19, v17- 20, v18-21, v19-22, and v20-23.

Comments, questions or feedback can be sent to pricing@climateimpactx.com. On the day of implementation, CIX will publish an 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 market notice.

For any queries on this notice, please reach out to CIX’s support team at +65 3135 1620 or email support@climateimpactx.com.

Climate Impact X (CIX) would like to inform members and other market participants that the CIX Operating Procedures and Rulebook have been updated with immediate effect.

The clauses and rules that have been updated are as follows:

CIX Operating Procedures

Clauses	Amendments
Appendix II – Approved Registries	Added American Carbon Registry and Evident to CIX Approved Registries
Appendix V – CIX Clear Permitted Products	Added Emission Reduction Tons (ERTs) and International-Renewable Energy Certificates (I- RECs) to Permitted Products of CIX Clear

CIX Rulebook

Clauses	Amendments
Annex I (Definitions and Interpretation)	Added renewable energy certificates (RECs) to the definitions of “Credit” and “Scheme”. RECs are now permitted on CIX Clear, and will be available on CIX Marketplace and other services soon.
Annex VI (Product Disclaimers)	Added new Annex VI (Product Disclaimers) and disclaimers with respect to CORSIA Eligible Credits and CCP Eligible Credits

The summary of changes is also documented on the last page of the Operating Procedures and Rulebook, under the section ‘Document Revision History’.

Please ensure that the appropriate members of staff within your organisation and customers are advised of the content of this market notice.

For any queries on this notice, please reach out to CIX’s support team at +65 3135 1620 or email support@climateimpactx.com.

Climate Impact X (CIX) has introduced two new registries to CIX Clear, the clearing and settlement service for privately negotiated transactions.

With immediate effect, transactions of Emission Reduction Tons (ERTs) issued by American Carbon Registry and International-Renewable Energy Certificates (I-RECs) issued by Evident can be facilitated via CIX Clear.

CIX Clear accepts only verified credits from pre-approved carbon crediting certification programmes, as part of a single-project, multi-project or portfolio transaction. Other approved programmes include Climate Action Reserve, Gold Standard, Puro.earth and Verra’s Verified Carbon Standard.

Alongside this, the CIX Operating Procedures and Rulebook as well as the transaction notification template under CIX Clear has been updated here.

Please ensure that the appropriate members of staff within your organisation and customers are advised of the content of this market notice.

For any queries on this notice, please reach out to CIX’s support team at +65 3135 1620 or email support@climateimpactx.com.

About American Carbon Registry

American Carbon Registry (ACR), a nonprofit enterprise of Winrock International, is a leading carbon crediting program operating in global compliance and voluntary carbon markets. ACR aims to create confidence in the scientific integrity of carbon markets to accelerate transformational emission reduction and removal actions. For more information, please visit www.acrcarbon.org.

About Evident

Founded in 2015 by a team with over 20 years’ experience, Evident enables countries and companies to produce, trade, and consume trusted, evidence-backed clean assets.

Based in Sheffield, a city that was at the heart of the Industrial Revolution, Evident now serves over 95% of the voluntary market for RECs outside Europe and North America, supporting governments, producers, and users in the transition to a certified Clean Economy.

We combine the latest technology with human verification, to ensure that all sustainable energy sources and materials are verified through a double-layer verification process. Our team are passionate about leading the transition to the Clean Economy. For more information, please visit www.evident.global/about.

Following Verra’s announcement that it has completed its review into allegations regarding the Kasigau projects, Climate Impact X (CIX) is seeking feedback on a proposal to reinstate the Kasigau Corridor REDD Project Phase II – The Community Ranches (VCS 612) to the list of projects deliverable into the nature-based standard contract CIX Nature X (CNX).

Verra has found that the project proponent has demonstrated that it is taking the appropriate actions required to address the alleged harm and to mitigate the risk of future harm. Hence, it has clarified that the project is active in all three programs in which they are registered – the Verified Carbon Standard (VCS) Program, the Climate, Community & Biodiversity Standards (CCBS) Program, and the Sustainable Development Verified Impact Standard (SD VISta) Program.

Under the proposal, the project will be deliverable across all vintages of CNX standard contracts, including v16-19, v17-20, v18-21, v19-22, and v20-23. CIX seeks feedback on this proposal from market participants.

Market participants may provide feedback to pricing@climateimpactx.com before 4 March 2024. Feedback received will be published unless marked as confidential. Upon review of feedback received, CIX will publish a Decision Notice. Should the addition 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.