Xpansiv Launches a Carbon Removals-Only Trading on its CBL Spot Exchange and Xpansiv Connect™ Portfolio Management System

Anew Climate posts 75,000 removal credits to Xpansiv platform

• Participants can create a discrete, removals-only market view to trade nature and technology removal credits on Xpansiv’s CBL spot exchange
• Participants can separately aggregate and manage removals positions on the Xpansiv Connect multi-registry portfolio management system
• 75,000 Anew Climate US forestry removal credits are newly available for trading

NEW YORK, LONDON, SYDNEY — December 2, 2024 — Xpansiv, the leading market infrastructure provider for the global energy transition, today launched new spot exchange and portfolio management capabilities enabling participants to trade and manage removal credits as a discrete market segment. The new capabilities streamline full-lifecycle workflows for removal credits, which are treated separately under various existing and proposed voluntary and compliance programs.

Specifically, the new capabilities enable participants to more easily trade tagged removal credits from the ACR, Climate Action Reserve, and Verra registries on CBL, the largest, global spot exchange for carbon credits. Removal credits from Puro.earth are also available and more will be added as they are tagged, and new registries are integrated.

In addition to trading benefits, participants can view and manage their removals positions from a single screen on the Xpansiv Connect multi-registry portfolio management system, which is used by environmental commodity market participants to make more than one billion asset transfers annually.

“We developed these new trading and portfolio management segmentation capabilities in response to customer interest in removals as a distinct market segment,” said Russell Karas, Senior Vice President, Xpansiv. “The registry tagging capabilities we are using for removals is of growing importance to enable participants to identify and track credit eligibilities corresponding to a proliferating range of voluntary and compliance programs and meta-standards, including the ICVCM Core Carbon Principles, CORSIA, and Article 6. We are pleased to streamline this complicated tracking challenge for participants across our seamless market infrastructure.”

Anew Climate, the leading nature-based project developer in North America, has posted 75,000 removal credits from the following three U.S. forest carbon projects:
 

Bayfield County Forest Carbon Project (ACR643) encompasses 159,656 acres and is the first forest carbon project initiated on county lands in the country and the bold and progressive action of Bayfield’s forest management team has already inspired other counties to enroll in similar projects. County managers are materially reducing harvests below annual harvest allocation limits and actively modifying sustainable forest management strategies to prioritize greater levels of carbon sequestration.

Iron County Forestry Project (ACR685) is located on 156,517 acres of northern hardwood forest within county forest in Iron County, Wisconsin. Revenues from the carbon project will allow for harvest lands to be meaningfully reduced as carbon payments supplant income that would otherwise be achieved through more intensive commercial timbering. The forest management activities under the carbon project will also be used to acquire additional timberland and will foster habitat for sensitive species including the Connecticut Warbler.

Kanawha River Forestry Project (ACR866) includes 80,724 acres in West Virginia and is privately owned by Aurora Sustainable Lands, a company founded to actively manage and conserve American forestlands to remove and store carbon from the atmosphere. This area contains sites deemed high conservation value and is home to some of the highest levels of biodiversity in the United States. The forest also abuts the Kanawha River, enabling it to provide watershed benefits.