Climate Impact X And Respira Complete Landmark Auction For CO2 Credits

by Dimana Doneva on

„Climate Impact X (CIX), an environmental credits marketplace and exchange, and carbon finance company Respira International have completed a landmark auction for nature-based blue CO2 credits. The auction sold 250,000 metric tons of 2021 carbon credits from the Delta Blue Carbon Project in Pakistan, which is the world’s largest mangrove restoration project, at the price of $27.80 per ton. CIX published the auction demand curve, showcasing the submitted bid prices. 30% of the bid volume was priced at $35.00 per ton or more, or 27% higher than the auction reserve price ($27.50 per ton), showing the premium at which some buyers were willing to pay for high-quality credits.“