CIX confirms upcoming addition of Mataven (VCS 1566) to CIX Nature X

Following market consultation, Climate Impact X (CIX) will add the Resguardo Unificado Selva de Mataven REDD+ Project (VCS 1566) in Colombia to the list of projects deliverable into the nature- based standard contract CIX Nature X (CNX), with effect from 2 January 2024.

The addition follows a proposal notice (MN2023/11) and public consultation that ran from 28 September 2023 and can be found here. Market feedback received during the consultation period was supportive of the proposal.

The project will be delivered across all vintages of CNX standard contracts, including v16-19, v17- 20, v18-21, v19-22, and v20-23 which will begin trading on 2 January 2024.

The addition of Mataven, a well-established, widely retired and large project, will help to increase the volume of credits deliverable into CNX. Eleven projects are currently deliverable into the standard contract:

• The Kasigau Corridor REDD Project Phase ll – The Community Ranches, Kenya (VCS 612)
• Rimba Raya Biodiversity Reserve Project, Indonesia (VCS 674)
• The Mai Ndombe REDD+ Project, Democratic Republic of the Congo (VCS 923)
• Cordillera Azul National Park REDD Project, Peru (VCS 985)
• REDD in Tambopata National Reserve and Bahuaja-Sonene National Park, Brazil (VCS 1067)
• The Envira Amazonia Project – A Tropical Forest Conservation Project in Acre, Brazil (VCS 1382)
• Katingan Peatland Restoration and Conservation Project, Indonesia (VCS 1477)
• REDD+ Project for Caribbean Guatemala: The Conservation Coast, Guatemala (VCS 1622)
• Reduced Emissions from Deforestation and Degradation in Keo Seima Wildlife Sanctuary, Cambodia
  (VCS 1650)
• Southern Cardamom REDD+ Project, Cambodia (VCS 1748)
• Rio-Anapu Pacaja REDD Project, Brazil (VCS 2252)

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.

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

With immediate effect, transactions of Climate Reserve Tonnes (CRT) credits issued by Climate Action Reserve, can be facilitated via CIX Clear. Please note that a registry administration fee may apply.

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

Visit the CIX website to learn how you can submit a transaction notification under CIX Clear.

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 Climate Action Reserve

The Climate Action Reserve is the most trusted, efficient and experienced offset registry for global carbon markets. A pioneer in carbon accounting, the Reserve promotes and fosters the reduction of greenhouse gas (GHG) emissions through credible market-based policies and solutions. As a high-quality offset registry for the voluntary carbon market, it establishes rigorous standards involving multi-sector stakeholder workgroup development and local engagement and issues carbon credits in a transparent and publicly available system. The organisation also supports compliance carbon markets in California, Washington and internationally. The Reserve is an environmental nonprofit organisation headquartered in Los Angeles, California with staff members located around the world. For more information, please visit www.climateactionreserve.org.

Climate Impact X (CIX) is proposing to add the Resguardo Indigena Unificado Selva de Mataven REDD+ Project (VCS 1566) in Colombia to the list of projects deliverable into the nature-based standard contract CIX Nature X (CNX), with effect from 2 January 2024.

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 which will begin trading on 2 January 2024. CIX seeks feedback on this proposal from market participants.

The proposal follows a review and analysis of potentially qualifying projects, which takes place regularly under the contract’s monitoring protocols. Preliminary analysis by CIX indicates that the project fulfils CNX’s qualifying criteria, which can be found here.

The addition of Mataven, a well-established, widely retired and large project, will help to increase the volume of credits deliverable into CNX. Eleven projects are currently deliverable into the standard contract:

• The Kasigau Corridor REDD Project Phase ll – The Community Ranches, Kenya (VCS 612)
• Rimba Raya Biodiversity Reserve Project, Indonesia (VCS 674)
• The Mai Ndombe REDD+ Project, Democratic Republic of the Congo (VCS 923)
• Cordillera Azul National Park REDD Project, Peru (VCS 985)
• REDD in Tambopata National Reserve and Bahuaja-Sonene National Park, Brazil (VCS 1067)
• The Envira Amazonia Project – A Tropical Forest Conservation Project in Acre, Brazil (VCS 1382)
• Katingan Peatland Restoration and Conservation Project, Indonesia (VCS 1477)
• REDD+ Project for Caribbean Guatemala: The Conservation Coast, Guatemala (VCS 1622)
• Reduced Emissions from Deforestation and Degradation in Keo Seima Wildlife Sanctuary, Cambodia (VCS 1650)
• Southern Cardamom REDD+ Project, Cambodia (VCS 1748)
• Rio-Anapu Pacaja REDD Project, Brazil (VCS 2252)

Market participants may provide feedback to pricing@climateimpactx.com before 30 October 2023. 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.

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 cookstoves assessment methodologies to CIX price assessments.

The sections that have been updated are as follows:

Sections	Updates and details	Page reference
Part 2: Index Methodology	Added segment on ‘CIX Cookstoves X Methodology Waterfall’, which is a framework CIX applies to determine each of its benchmark cookstoves credit assessments.	3-4
Part 3: CIX Indices and Key Details	Added to table cookstoves indices that will be assessed and published by CIX going forward.	6-7
	Set out information on the four cookstoves benchmark assessment that are available at launch, including details on registry, geography, pricing session and exclusions.	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 CIX’s pricing team at pricing@climateimpactx.com.

Sign up for CIX Carbon Daily here.

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:

• Operating Procedures, Clauses 4,5, and 6
• Part A (Common), Paragraph 1.1.1
• Part B (CIX Marketplace), Clauses 1 and 6, Paragraphs 2.1, 2.2, 4.1, 4.4, 4.5, 5.2, 5.3, 5.4, 5.5, and 6.3
• Part C (CIX Auctions), Paragraph 1.4
• Part D (CIX Exchange), Paragraphs 4.1 and 5.9
• Part E (CIX Clear), Paragraphs 9.4 and 10.3
• Appendix I (Complaints Handling Policy)
• Appendix II (Approved Registries)
• Appendix III (Schedule of Fees)

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

CIX Rulebook:

• Annex II (CIX Marketplace Rules), Part A (CIX Marketplace Terms), Paragraph 3.3.4
• Annex II (CIX Marketplace Rules), Part B (CIX Marketplace Definitions)

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) will launch a new series of improved cookstoves benchmark contracts for the voluntary carbon market (VCM) in the coming months.

CIX Cookstoves X, which will trade under the contract code ‘CCX’ on CIX Exchange, is a set of global standardised spot contracts comprising cookstoves projects from four corners of the market. Available at launch are four contracts segmented by project location and registry – specifically, projects in the Least Developed Countries (LDCs) or Developing Countries that have been verified by either Gold Standard or Verra.

Collectively, these contracts cover the vast majority of the cookstoves market.

Contract Code	Project Location	Registry
[CCX-LG]	Least Developed Countries (LDCs)	Gold Standard
[CCX-LV]	Least Developed Countries (LDCs)	Verra
[CCX-DG]	Developing Countries	Gold Standard
[CCX-DV]	Developing Countries	Verra

Credits eligible for delivery into CIX Cookstoves X 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 eligible projects with the most recent credit vintages, as transacted during a weekly on-exchange pricing session that will take place on Tuesday 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 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 Cookstoves X contracts, please reach out to James Oliver at james.oliver@climateimpactx.com and Leslie Poh at leslie.poh@climateimpactx.com.

Sign up for CIX Carbon Daily here.

Climate Impact X (CIX) would like to inform members and other market participants that we will be closed on Friday, 1 September 2023, in view of Singapore’s Presidential Election.

In accordance with Section 17 of the country’s Presidential Elections Act, Polling Day will be treated in the same manner as any other public holiday.

During this time, trading on CIX Exchange will not be available. CIX Carbon Daily will also not be published as no price assessments will be made on this day. We will still continue to accept transaction notices for CIX Clear and these will be processed on the next business day.

CIX Exchange is open for trading Monday through Friday (excluding public holidays) from 12:00pm to 6:30pm SGT (GMT+8), with CIX Clear available during normal business hours.

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.

The single project instruments list on CIX Exchange has been updated with immediate effect. In line with our spot exchange change governance process available here, Climate Impact X (CIX) continually monitors market conditions and analyses where updates are necessary.

Activated

Following new issuances by Verra for recent vintages of the UNITOR REDD+ Project in Brazil (VCS2508), the below asset has been added to the single project instruments list:

Project ID	Project Name	Vintage	Asset Symbol	Project Type
VCS2508	UNITOR REDD+ Project	2022	UNTR22	REDD+

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 operations@climateimpactx.com.

Climate Impact X (CIX) proposes to launch three new assessments tracking the value of vintage 2020 nature-based carbon credits. These will include a Nature v20 vintage assessment; a benchmark-to-vintage differential reflecting the price difference between Nature v20 and CIX Nature X (NC00001); and an inter-vintage differential reflecting the price difference between Nature v20 and Nature v19.

The new assessments will be published in the CIX Carbon Daily pricing intelligence, alongside existing comparable assessments and differentials for vintages 2019, 2018, 2017 and 2016.

CIX is accepting comments and feedback on the proposal until 11 August 2023. These can be sent to CIX’s pricing team at pricing@climateimpactx.com. Confidential comments should be marked as such. Comments not marked as confidential will be assumed for public viewing and publication.

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

Sign up for CIX Carbon Daily here.

Climate Impact X (CIX) would like to clarify that a prerequisite for meeting Step 2 of its existing methodology for CIX Nature X is that there must be trading activity, alongside standing bids and offers which meet the company’s internal guidelines during the day’s pricing session.

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 CIX’s pricing team at pricing@climateimpactx.com.