Xpansiv has partnered with financial infrastructure provider T-REX to link environmental performance data to sustainable finance projects through Xpansiv’s Universal Project Numbers (UPN). The deal allows UPC integration with T-REX’s platform, expanding its availability to tackle challenges in scaling up energy transition finance. It will also help borrowers to simplify reporting, monitor portfolios and measure investment impact, while allowing lenders to track impacts and structure, monitor and track their sustainable financing. Xpansiv will also launch renewable energy certificates (RECs) from multiple registries on its spot exchange. The I-REC Standard and the Evident Registry RECs will soon be trading on the platform, expanding the range of RECs and carbon credits currently trading on the platform. Xpansiv plans to launch I-REC trading in Q2 2022 after which it will integrate the Evident registry. The exchange currently trades about 100 global voluntary and compliance RECs, including North American and Australian RECs. In 2021, CBL REC volumes rose 28% due to broader market participation and an increase in solar REC trading. The global REC market value is set to grow to over $111bn, according to research estimates.
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It is important that carbon credit schemes also benefit local communities.
The World Meteorological Organisation has stated that 193 countries have given unanimous backing to a scheme to monitor global greenhouse...
