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@stg-climateimpactxcom-staging.kinsta.cloud and Leslie Poh at leslie.poh@stg-climateimpactxcom-staging.kinsta.cloud.
