TransparenTerra joins Carbon Trade Exchange (CTX), the international carbon credit exchange, to facilitate access to the global carbon credit /offset market.
Any company registered with TransparenTerra
will now have access to buy and sell carbon credits directly on Carbon Trade Exchange (CTX)
, the world's leading spot trading platform for voluntary carbon credits. It includes access to carbon credit trading for hundreds of farmers in Nigeria through a joint project
between TransparenTerra, FCE Group, and Synergos.
TransparenTerra is already working successfully
with BioCarbon Registry, a carbon credit generation system. Together with CTX, the companies will create an infrastructure that opens the carbon credit market to everyone. Small businesses at TransparenTerra will be able to generate offset certificates and access sales in the global carbon credit market through CTX.
CTX offers trading Gold Standard, Verified Carbon Standard, and UN CDM certificates, including VER, CER, VCU, ICC, and VCC. The collaboration between CTX and TransparenTerra will create an ideal environment for carbon credit exchange, and CTX will ensure the speed and liquidity of credits. At the same time, TransparenTerra will make carbon credit trades accessible to smaller organizations and protect purchase history with blockchain, adding value through transparency and trust.
The project by TransparenTerra, FCE Group, and Synergos in Kaduna State, Nigeria, aims to connect Nigerian farmers with a digital platform for fair trade and traceability. With CTX's support, the project will be able to connect farmers with climate action certification. Farmers whose emissions are below target can receive additional funding by selling carbon credits on TransparenTerra.
TransparenTerra plans to create a transparent, blockchain-based carbon credit monitoring system to make this marketplace accessible to companies of all sizes and visible to the global market. Visibility and transparency will also lead to efficient financial flows and improve environmental conditions in particular countries and globally.
Global climate change has severe, pervasive, and irreversible consequences for people and ecosystems. Carbon credit trading aims to reduce greenhouse gas emissions and lead society toward a carbon-neutral economy. Carbon credits are essential for carbon-neutral financing businesses and climate protection projects. TransparenTerra customers can actively participate in the design and development of this system.
Gregory Arzumanian, CEO of TransparenTerra, believes this collaboration will provide the foundation for a technology-enabled carbon-neutral balance sheet and a sustainable, transparent, and robust economy. "We're joining CTX to make carbon credits available and affordable globally and to everyone," says Gregory Arzumanian. He also notes that the collaboration will continue to deepen.
The carbon credit market must be transparent and accessible, directly impacting companies' reputation and investment attractiveness and demonstrating the effectiveness of climate action, policy, and financing.