An innovative platform was launched last week that is aiming to support a ‘just transition’ to a low carbon economy.
The new venture’s approach is designed to support the exponential growth of the global carbon market, which is expected to rise from around $272bn today, to $2tn by 2040.
Additionally, it will allow project developers to trade without brokers or retails, enabling better future planning and further reinvestment of profits into their projects.
The other key innovation of JustCarbon is its governance structure.
After a Beta phase in Q1 2022, when the platform becomes fully operational, JCGs will be donated to key stakeholders in the carbon markets enabling them to play an active role in the governance and long-term development of JustCarbon.
The team which devised the JustCarbon platform includes Adrian Rimmer, a partner in Finsbury Glover Hering and former Head of Sustainability at the London Stock Exchange Group’s Capital Markets business.
Carbon credits are considered a vital tool to finance sequestration of the world’s unavoidable emissions with much work already being done to create robust frameworks for designing, implementing and measuring the impact of projects.
Stuart Fieldhouse has spent 25 years in journalism and marketing, including as a wealth management editor for the Financial Times group, covering capital markets and international private banking, and as an investment banking correspondent for Euromoney in Hong Kong.
Stuart has worked at CMC Markets, supporting the re-launch of its global financial spread betting and CFD trading platforms. He is also the author of two books on trading, published by Financial Times Pearson.