Connecting Carbon to Global Markets
The economic costs of atmospheric carbon emissions have long been ignored and are now inconsistently calculated. To conquer the growing peril these emissions represent requires a global base price, not only because of the fungibility of carbon emissions but also because it enables the world’s financial markets to do what they do best: manage the scarce resource of our atmosphere’s remaining “carbon budget” by reducing carbon emissions in the most economically efficient manner.
Today, the Key Tool Is Carbon Permits
There are two categories of carbon credits: project credits that represent tons of carbon avoided (or removed) by voluntary carbon-reduction projects, and carbon permits, which represent carbon emission budgets set by governments. Both kinds of carbon credits can directly impact the amount of carbon in the atmosphere, but for now we focus on permits, a market that is 100x larger. Permits are managed under tight regulatory frameworks, reach virtually every sector and geographic region, and provide a price on carbon in every major economy in the world. Importantly, while the value of project credits reflects real or perceived additional benefits that a project creates beyond the carbon reduction, the advantage of carbon permits is that they are closer to a pure play on atmospheric carbon.
The World’s First Global Pool of Carbon Permits
Carbon permits are the fundamental tool of government cap-and-trade markets, and they have a substantial history in driving meaningful and measurable carbon reductions. Until CXT, however, each carbon permit market remained isolated. We have solved the legal and regulatory hurdles to assemble a deep and liquid portfolio of carbon permits to bring together all important carbon regimes worldwide.
A Unified Approach
Out of a fragmented jumble of separate carbon markets with far too many intermediaries, we created a unified index that aggregates and supplies the global price of pure atmospheric carbon. Full accountability of our carbon permit portfolio is guaranteed by our transparent, public blockchain platform operated within the exacting framework of Swiss law.
Finally, an Institutional-Grade Carbon Index
Like diamonds, CXT carbon tons is only made of carbon. CXT shines because the price reflects most purely the current market value of a ton of atmospheric carbon. The carbon permit market is deep and liquid, and now, with CXT, it is also globally accessible. Need to hedge a portfolio? Want to invest in an emerging asset class? Build derivatives to price future risk? CXT is the clear answer.
Climate Peace from the Heart of Europe
Swiss neutrality has made the country a beacon of stability. With CXT we expand and export this venerated European tradition to deliver Swiss quality carbon neutrality worldwide. CXT—Sustainably Swiss.
Built for Institutions, Designed for the Planet
The numbers are massive: 96% of the 250 largest companies in the world have net-zero commitments. USD 43 trillion of global funds under management are committed to decarbonization. Want to reduce global carbon emissions? Simply purchase and retire your desired amount of CXT. The blockchain structure is transparent, impervious to greenwashing, and a public record of your climate-friendly actions.