NovaFori has been appointed a technology partner of Climate Impact X (CIX), a global carbon exchange and marketplace to be established by DBS, SGX, Standard Chartered and Temasek.

As part of the collaboration, NovaFori will support CIX in building the Project Marketplace, which will cater to a broad range of corporate buyers looking to buy from a curated selection of premium carbon credit projects.

Garry Jones, CEO of NovaFori, commented on the move: “This partnership ensures the development of an impactful marketplace, fostering unprecedented transparency within the carbon market and creating a hub for new sustainable development projects to evolve. Together, NovaFori and Climate Impact X will build a solution for corporations to further their ESG agendas, driving demand to reach Net Zero.”

The platform will integrate NovaFori’s marketplace technology with transparent environmental impact, risk, and pricing data from partners in the carbon credit space. 

Value in the partnership between NovaFori and CIX lies in driving marketplace adoption, uniting buyers and sellers to concentrate demand and optimise supply, significant steps towards successfully scaling the carbon market.

Mikkel Larsen, Interim CEO of Climate Impact X, added: “NovaFori is an important technology partner, providing expertise on marketplace design and technology. Uniting buyers and sellers on CIX’s world-class platform of trusted carbon credits will drive demand and optimise supply, paving the way for an effective scaling of the voluntary carbon market. CIX looks forward to building a transparent marketplace that will drive the global economy’s transition towards carbon neutrality by 2050.”