Carbon Trade Exchange: History
A prolific entrepreneur, Mr. Suresh Krishna Jadhav, founder of SASA Groups and CEO of SASA Enviro and Agrotech Private Limited, leads an earth-loving company and is a pioneer in the arena of environmental sustainability. With the pressing need to limit carbon emissions in the fight against climate change, one strategy involves putting a price on carbon emissions by developing a carbon trading platform for buying and selling carbon credits.
With a deep insight into the future of Carbon Credits in India, Suresh has taken a historic step by entering CTX -Carbon Trading Exchange, the world’s first and still largest Voluntary Carbon Exchange. In October 2023, agreements were signed with Wayne Sharpe, CEO & Founder of CTX & Global Environmental Markets, to initiate a National Master License for operating CTX in India.
This license will also encompass a White Label version of the CTX platform, delivering an Indian-operated, owned, and branded edition of the world’s first and leading global Voluntary Carbon platform.
CTX India was launched in December 2023 at COP 28 held in Dubai, headquartered in Chennai. Under the CTX India brand, platform allows for trading Carbon Credits certified by the Gold Standard, Verified Carbon Standard, United Nations CDM, Global Carbon Registry, Universal Carbon Registry and Biocarbon Registry. Our other services include Carbon Footprint, Carbon Offsetting, Carbon Neutrality, and Carbon Project Development.
This grants Indian buyers—corporates, brokers, and institutions—immediate access to hundreds of projects worldwide, with millions of credits listed on CTX India across numerous nations, ready for T+0 clearance and settlement.
Carbon Trade eXchange® (CTX) founded by Wayne Sharpe
CTX was launched in London with Deutsche bank and linked registries via Markit
CTX relocated from London to Australia – re-launched in Sydney with fully electronic interface to Westpac bank
Partnership agreements with Gold Standard & American Carbon Registry (ACR) and the Carbon Action Reserve (CAR)
Granted Australian Financial Services Licence (AFSL) Application for Australian Market License (AML) commences.
Water for Rivers JGE agrees to sell IP to GEM; GEM develops H2OX water exchange.
AU REC exchange launched; New York office opened, Agreement with RGGI (USA) CTX Holdings Pty Ltd (CtxH) formed and takes 15-year License from GEM for CTX tech, brands etc. $1.2 mil pa SLA fee.
Wells Fargo Bank interface built and deployed, RGGI and California Exchange launched for North American environmental products Australian water platform H2OX built tested and launched CTX sponsors IETA Business Hub at COP21 Paris & UNEP SIF also Paris.
Hostile Takeover February, GEM takes Supreme Court Action. Senior Execs, staff and Investors secretly form Colonial Bourses Limited (CBL) now Xpansiv Limited). In October GEM settles hostile dispute and sells equity in operational subsidiary CtxH. Simultaneous cancellation and buyout of H2OX License for $100,000 and 4AX License: GEM retains all IP GEM retains all CTX exchange tech IP (USA and Global) and brands and domains Sale of CtxH Equity and Cancellation of License CtxH rebrands to CBL Markets and keep CTX clients.
GEM restarts Carbon Trade eXchange (CTX) as 100% owned All US based technology hibernated, and GEM relocates to Gold Coast Australia, states new companies for CTX in UK CTX signs world 1st deal to interface with UNFCCC CDM Registry (Bonn) GEM & CTX sponsor Innovate for Climate Frankfurt and Aviation Carbon London
GEM designs and builds Global REDD+ Registry technology (buyer defaults) CTX reopens London offices
GEM redesigns Registry into ITMO Registry to support the Paris Agreement Launches at UNFCCC COP25 Madrid GEM & CTX Sponsor Aviation Carbon London and major sponsors IETA business Hub at COP25 Madrid. GEM launches ITMO Registry® technology
GEM completes electronic interface between ITMO Registry and CTX CTX reactivates trading Verra VCS and CER’s outside CDM & introduces OTC Exchange Cleared Trades and Corporate Lines of Credit
GEM & CTX launch Aviation Carbon Exchange (A.C.E.) ® landing page + CORSIA listings on CTX CTX signs record numbers of corporate buyers
CTX hits 70+ million plus credits in Hot and Cold inventory across almost 200 projects in 32 countries Major buyers and sellers swarm CTX as records tumble GEM is major Sponsors of COP26 (UK) as partners with IETA
GEM announces launch of International Carbon Registry (ICR) First ICR credits issued and listed on CTX GEM is major Sponsors of COP26 as partners with IETA
First major Global Investment bank agrees to trade on CTX GEM Build SSO technology. CTX Chile office opens CTX interfaces with BioCarbon Registry and Universal Carbon Registry. Staff /offices in India, Costa Rica and Colombia. CTX signs 150 new members for the year and smashes trade records. Staff explodes from 6 to 20
The White Label version of CTX, initiated by Suresh K Jadhav in India, has begun. CTX -India launched in COP28 Dubai, with headquarters in Chennai.
