Climate Impact X (CIX) will launch a new series of Afforestation, Reforestation and Revegetation (ARR) standardised spot contracts for the voluntary carbon market (VCM) today.
CIX ARR X contracts will trade under the contract series code ‘CAX’ on CIX Exchange. Available at launch are two contracts designed for market participants to trade and price the most liquid segments of the ARR market.
| Contract Code | Project Location | Registry |
|---|---|---|
| [CAX] | Global | Gold Standard and Verra |
| [CAX-C] | China | Verra |
Credits eligible for delivery into CAX and CAX-C contracts are issued within a fixed four-year vintage range, starting at launch with vintages 2020-2023. New contracts are created each year on the first working day of January, reflecting the most recent four-year vintage range.
The contracts will underpin a series of price assessments tracking the spot traded value of the most competitive eligible projects, as transacted during a weekly on-exchange pricing session that takes place on Thursdays from 5:00pm to 5:30pm SGT (GMT+8).
These new assessments will be published in the CIX Carbon Daily pricing intelligence, alongside existing assessments and differentials for nature-based reductions and cookstoves credit types.
CIX Exchange is open for trading Monday through Friday (excluding public holidays) from 12:00pm to 6:30pm SGT.
If you are interested in trading CIX ARR X contracts, please reach out to exchange@climateimpactx.com.
