What is ACE?

Xpansiv CBL Holding Group (XCHG) and the International Air Transport Association (IATA) have partnered to develop the Aviation Carbon Exchange (ACE), an innovative marketplace where airlines can meet emissions-compliance obligations under the Carbon Offset Reduction Scheme for International Aviation (CORSIA). CORSIA addresses the increase in total CO2 emissions from international aviation above 2020 levels.

About

Powered by XCHG company CBL Markets, ACE serves as a central exchange for CORSIA-eligible emission units, providing a secure, intuitive destination for airlines to access real-time data with full price transparency. In Q1 2020, CBL Markets and IATA will trial with airlines ready to start offsetting voluntary credits as a pilot phase. The CORSIA-eligible emission units will be listed on ACE only after ICAO has established them as suitable under a careful vetting process. ACE trading will be supported by the well-established IATA Settlement System and Clearing House, offering seamless, risk-free settlement.

The partnership will roll out different trading options in phases, with the full integration of CBL Markets’ trading platform and IATA’s settlement systems expected during third quarter 2020.

Who can use it?

ACE can be accessed for trading by all airlines and carbon-market participants, acting as buyers or sellers:

IATA and non-IATA member airlines

Banks and commodity traders

Carbon offset brokers and retailers

Carbon offset project developers

Active carbon market participants

Request More Info

Airlines and carbon-market participants can request more information at aviation@cblmarkets.com

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