JSE wants the continent’s carbon market

JSE, which operates Africa’s biggest stock and bond exchanges, has made its play to corner the continent’s nascent carbon market. The Johannesburg-based company has started a market for carbon credits and renewable-energy certificates with Xpansiv, which provides infrastructure to trade what it terms environmental commodities, it said on Thursday. “We are putting the plumbing in place” to trade these securities, Valdene Reddy, the JSE’s director of capital markets, said in an interview.

A single carbon credit represents a ton of climate-warming carbon dioxide or its equivalent either removed from the atmosphere or prevented from entering it in the first place. Renewable-energy certificates each represent a unit of power generated from renewable sources, which can be traded to offset emissions.

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