ClimateTrade Enters Compulsory Carbon Market Through EEX Admission

ClimateTrade, the leading blockchain-based climate platform, is now operational on the European Union’s mandatory carbon market after finalizing its admission to the European Energy Exchange (EEX).

From now on, buyers and sellers of EU allowances (EUA), tradable carbon credits from the EU Emissions Trading System (EU ETS), can transact on the ClimateTrade platform, relying on its versatile digital solution optimizing efficiency and transparency.

ClimateTrade directly connects developers of climate mitigation projects with companies seeking to offset their carbon footprint, and uses blockchain technology to ensure end-to-end carbon credit traceability. The company has transacted the offsetting of more than 2 million tons of CO2 in the voluntary carbon market since its inception in 2017. Admission to the EEX marks its first entry into mandatory carbon markets, becoming the first and only company in Europe to process both voluntary market and EU ETS carbon offsets via blockchain.

Francisco Benedito, co-founder and CEO of ClimateTrade: “Having the ability to scale in the mandatory EU carbon market is a crucial part of our strategy to decarbonise the gigatonne power generation sector, and we are proud of this. accomplishment. We chose EEX because it is the leading energy platform providing secure, efficient and sustainable access to commodity markets around the world.”

“We are delighted to welcome ClimateTrade, which is based in Valencia, as a new participant. We look forward to building new markets together. The entire EEX team extends a warm welcome to them,” says Carlos Miguel Urro, Sales Manager for Southern Europe, EEX.

The EU ETS is the largest mandatory carbon market in the world, and greatly influences the development of other programs around the world. But the urgency of the climate crisis, decarbonisation ambitions and unexpected disruptions in the electricity market are putting unprecedented pressure on this system.

In the white paper titled A 2030 outlook for Europe’s mandatory carbon marketpublished today to celebrate its admission to the EEX, ClimateTrade analyzes precise targets, recent policy adjustments and external factors to predict the evolution of the EU ETS, and shares its vision of a mandatory market for the carbon that is both efficient and high-impact.

The white paper can be downloaded free of charge from this link.

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ClimateTrade Enters Compulsory Carbon Market Through EEX Admission


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