Climate Impact X (CIX) is proposing to remove the Rio Anapu-Pacaja REDD project (VCS 2252) in Para, Brazil from the list of projects deliverable into the nature-based standard contract CIX Nature X (CNX), with effect from 2 January 2025.

Under the proposal, the project will not be deliverable across all vintages of CNX standard contracts, including v16-19, v17-20, v18-21, v19-22, and v20-23, as of 2 January 2025. CIX seeks feedback on this proposal from market participants.

The proposal follows a review and analysis of potentially qualifying projects, which takes place regularly under the contract’s monitoring protocols. Preliminary analysis by CIX indicates that the project may no longer fulfil CNX’s qualifying criteria due to a decrease in market-representativeness and loss of acceptance.

Market participants may provide feedback to pricing@climateimpactx.com before 1 November 2024. Feedback received will be published unless marked as confidential. Upon review of feedback received, CIX will publish a Decision Notice. Should the addition go ahead as proposed, on the day of implementation, CIX will publish an additional Implementation Notice to alert market participants that the change has come into effect.

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

For any queries on these notices, please reach out to CIX’s support team at +65 3135 162 or email support@climateimpactx.com.