Following market consultation, Climate Impact X (CIX) has made the decision to retain the current methodology for its CIX ARR X – China (CAX-C) standard contract. This methodology excludes credits from projects withdrawn from Verra’s Verified Carbon Standard (VCS) Programme or Climate, Community and Biodiversity (CCB) certification from delivery eligibility.

The decision follows a proposal notice (MN2024/16) and public consultation that ran from 8 May 2024 and can be found here. Market feedback received during the consultation period was supportive of the decision.

This means that Chinese ARR projects with a withdrawn VCS or CCB certification status will remain undeliverable into the CAX-C standard contract.

Based on contract specifications and as of 18 June 2024, the list of projects that are deliverable into the standard contract is as follows:

• Qianxinan Afforestation Project in Guizhou Province (VCS 1847)
• Hechu Afforestation Project in Anhui Province (VCS 1855)
• Xiguan Afforestation Project in Guizhou Province (VCS 1865)
• Hunan Northern and Northwestern Area Afforestation Project (VCS 1896)
• Guinan Afforestation Project (VCS 2070)
• Liangdu Afforestation Project (VCS 2083)
• Zhangye City Afforestation Project in Gansu Province (VCS 2370)
• Jilin Sanchazi Afforestation Project (VCS 2375)
• Gansu Tianshui Afforestation Project (VCS 2391)
• Gansu Dingxi Afforestation Project (VCS 2405)
• Gangsu Lanzhou Afforestation Project (VCS 2418)
• Shanxi Loufan Afforestation Project (VCS 2451)
• Yunnan Qiubei Afforestation Project (VCS 2565)
• Henan Yiyang Afforestation Project (VCS 2652)
• Wuwei City Afforestation Project in Gansu Province (VCS 2745)

Comments, questions or feedback can be sent to pricing@climateimpactx.com.

Please ensure that the appropriate members of staff within your organisation and customers are advised of the content of this market notice.