CIX has two digital platforms – Carbon Exchange and Project Marketplace – and will allow buyers and suppliers to trade carbon credits on a large scale.
The first CIX auction attracted the interest of many leaders across diverse industry sectors.
As the global economy slowly picks up the pace after a devastating pandemic, much of the focus has shifted towards sustainable practices and a green transition.
Commenting on the successful auction, Piyush Gupta, CEO, DBS Bank, said, “The Pilot Auction was great proof of the desire of both buyers and sellers to find each other through a trusted market mechanism.
India has already clarified its stand with Prime Minister Narendra Modi declaring that India is, in fact, adopting a net-zero commitment by 2070.