An index for monitoring carbon credit trading and quotations. It was developed by the BetterSea digital platform with the aim of improving transparency and helping market operators navigate the early stages of trading for offsetting carbon dioxide emissions.
The platform has so far recorded over 41,700 tonnes of CO equivalent (t CO2e) in credits.
Since June, BetterSea reports that the average price for purchasing CO2 tokens on its platform has fallen by 24%, while trading prices have risen by 9%. The bid-ask spread has narrowed by 64%, reflecting a shrinking market and growing buyer confidence.
“There is a lot of guesswork in the market right now,” said Maximilian Schroer, co-CEO of BetterSea. “Our index is anchored to executed transactions – real deals, not opinions – giving the industry the clarity it needs to move forward with confidence.”
Translation by Giles Foster
