CTX Traded 1 Billion Tonnes of Carbon Credits, A Milestone for Global Climate Finance

Hypocrisy kills Climate Active

The Fifth Estate - Australia did not need to abandon Climate Active’s legacy for uncertain future promises; it needed to evolve the scheme into a stricter, immediate performance outcome model with more meaningful carbon credits as a part of it. Hypocrisy kills Climate Active is a story from The Fifth Estate, Australia's sustainability newspaper.

CTX Traded 1 Billion Tonnes of Carbon Credits, A Milestone for Global Climate Finance

The carbon market has reached another major milestone. Carbon Trade Exchange (CTX) has now traded more than 1 billion tonnes of carbon dioxide equivalent (CO₂e) since launching in 2008. The company has spent nearly two decades building one of the world’s largest electronic marketplaces for carbon credits and other environmental products. That number is significant. One carbon credit equals one tonne of CO₂e that has been avoided, reduced, or rem…