New global carbon exchange and marketplace to be set up

Joint venture by DBS, Temasek, StanChart and SGX aims to help companies go greener

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A new global carbon exchange and marketplace will be up and running later in the year to help companies go greener and boost efforts to establish Singapore as a carbon services and trading hub.

Climate Impact X (CIX) - to be a joint venture funded by DBS Bank, Temasek, Standard Chartered and the Singapore Exchange (SGX) - was announced yesterday. More partners will be added as it is scaled up.

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A version of this article appeared in the print edition of The Straits Times on May 21, 2021, with the headline New global carbon exchange and marketplace to be set up. Subscribe