The founding chief executive of Climate Impact X (CIX), a carbon exchange set up in Singapore with support from the country’s largest bank, state investor and stock exchange, has announced he intends to step down. CIX was set up in 2021, backed by entities including DBS bank, a sustainability arm of Singapore state investor Temasek, Singapore Exchange and Standard Chartered bank. It offers spot carbon credit trading and curates its own basket of nature-based projects. The announcement could add to the uncertainty in the carbon trading space as market players are hoping for signs of recovery this year.

Source: Eco-Business