Expansion for Carbon Trade Exchange Global Voluntary Carbon Market

• Key hire will drive continued growth in the global voluntary carbon market for Carbon Trade Exchange (CTX)
• Catalyst to expand operations with new office opening in Singapore

NEW YORK--(BUSINESS WIRE)-- Carbon Trade Exchange (CTX), a global leader in carbon and environmental commodity markets, continues to expand its team and operations announcing the appointment of Rene Velasquez as Global Head of the Voluntary Carbon Market, effective immediately.

Rene brings over eight years of experience in the voluntary carbon market. He has worked for some of the leading global carbon management firms in a senior capacity, having most recently acted as country head in both Australia and the USA for First Climate, an international advisory and offset brokerage company.

As Global Head of the Voluntary Carbon Market, Rene will be responsible for the CTX global sales team, advising clients on the development and implementation of carbon offset strategies, as well as managing key client relationships. His appointment will also lead to an expansion of operations, with CTX to open a new office in Singapore in the coming weeks.

CTX CEO Baden Wright said, “We welcome Rene to our global team and are excited to see the new innovative market solutions he will bring to drive sales and growth. His experience in the voluntary carbon market industry will be invaluable for our growing sales team.”

Wayne Sharpe, group Chairman and Founder, added, “The voluntary carbon market has always been a key focus for CTX, which is now a global market leader in this space, and we know we will see continued success with Rene at the helm.”

CTX launched its voluntary carbon market exchange platform in 2010, following two years of research and development. CTX also recently announced its launch of the CTX Market in North America, currently trading RGGI CO2 Allowances, and its partnership with the Minneapolis Grain Exchange (MGEX) to facilitate the launch of CTX in the California cap-and-trade program.

CTX continues to build its strategic relationships with the major voluntary carbon standards including Gold Standard, VCS, Climate Action Reserve and American Carbon Registry.

NOTES TO EDITORS

About CTX

CTX was founded in 2009 after two years of research and development to operate spot exchanges in multiple global environmental commodity markets, including Carbon, Renewable Energy Certificates (RECs) and Water. The CTX Exchange Platform uniquely interfaces with multiple environmental commodity registries, including APX, Climate Action Reserve, American Carbon Registry, VCS, Gold Standard and the Australian REC Registry. CTX electronically links to financial intermediaries, such as Wells Fargo in North America, to provide efficient trading and create liquid and transparent markets. CTX is expanding globally, with its head office in Sydney, Australia, and international operations in the USA and Europe.

For further information, please visit www.ctxglobal.com.

View source version on businesswire.com: http://www.businesswire.com/news/home/20150520005337/en/

Vested, for CTX
Binna Kim, + 1-646-747-3223
[email protected]

Source: Carbon Trade Exchange

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