---
title: Trayport And IncubEx Launch Voluntary Climate Marketplace
description: Carbon offsets will be tradable through Joule, Trayport’s electronic energy market.
image: https://articles.marketsmedia.com/hubfs/Imported_Blog_Media/sustainability-principles-image-May-12-2022-09-32-52-78-AM.jpg
---

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 11.08.2021

 By Shanny Basar

 Carbon Trading

# Trayport And IncubEx Launch Voluntary Climate Marketplace

 11.08.2021 By Shanny Basar

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Trayport Limited, a wholly-owned subsidiary of TMX Group, and IncubEx, a Chicago-based privately held company that designs and develops new financial products in global environmental, climate risk, and related commodity markets, announced the forthcoming launch of a new global voluntary carbon marketplace.

The Voluntary Climate Marketplace (TVCM) operated by IncubEx,  will offer best-in-class market access to trade voluntary carbon offsets to the growing base of stakeholders looking to achieve net-zero commitments around the world.

The voluntary carbon offsets will be tradable through Trayport’s Joule platform, a leading global electronic trading solution for energy markets, providing market access to high-quality voluntary carbon offsets and other renewable attributes. IncubEx will work to build the marketplace through its extensive experience in establishing and growing environmental markets globally.

“We are excited to be working with IncubEx, which will operate a digitised marketplace, with Trayport’s dedicated front-end screen being used for trading OTC, spot and forward voluntary carbon offsets,” said Peter Conroy, President, Trayport. “This collaboration aims to bring transparency, liquidity and greater standardisation to an otherwise opaque marketplace.  In doing so, it will greatly improve transactional efficiency and open up the market to a wider array of market participants including a growing number of corporates and sovereigns who have made net-zero commitments.”

By digitising the trading of carbon offsets, TVCM products will be accessible via Joule, offering market participants a transparent and comprehensive view of the global voluntary marketplace enabling brokers, buyers and sellers to transact offsets that meet their specific requirements for verified carbon reductions around the world.

“This collaboration is focused on increasing market access, transparency and execution efficiencies in more bespoke off-exchange voluntary carbon offset credits and other environmental attributes alongside more liquid, standardised exchange-traded environmental commodities,” said Michael MacGregor, CEO, IncubEx. “The IncubEx team has deep-rooted experience in pioneering voluntary carbon markets at Chicago Climate Exchange (CCX) and this initiative is in direct response to voids and opportunities expressed to us by our longstanding network of environmental market customers.”

TVCM is expected to launch in the first quarter of 2022 and will initially support the trading of offsets from: Gold Standard, Verified Carbon Standard (Verra), Climate Action Reserve and American Carbon Registry, which are voluntary offset standards and recognized by The International Carbon Reduction and Offset Alliance (ICROA).

Source: Trayport

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