CIX launches CP1X-GM spot contract for CORSIA credits

Climate Impact X (CIX) has launched a standardized physical spot contract named CIX CORSIA Phase 1 X – Global Market (CP1X-GM) for trading ICAO-approved CORSIA credits.

• Main announcement: CIX launched the CP1X-GM spot contract consolidating supply from all registries fully approved by ICAO for the CORSIA 2024-2026 compliance period (Phase 1); the contract covers vintages 2021-2026 and is tradable on CIX Exchange under code CP1X-GM. The CP1X-GM instrument is available as a PDF overview and will help inform the CIX CORSIA Phase 1 X – Global Markets (CP00002) price benchmark that tracks spot value for the 2025-2026 compliance period.
• Background and implementation details: CIX updated its Benchmark Methodology Guidebook immediately to include the CIX CORSIA X Methodology Waterfall (Guidebook v2.8 PDF). A new contract for the 2027-2035 (Phase 2) start year will be created closer to 2027. Trading hours for CIX Exchange are Mon–Fri (excluding public holidays) 09:00 SGT to 07:00 (following Trading Day) SGT; for trading enquiries contact exchange@climateimpactx.com.