JSE wants the continent’s carbon market

📆 10/12/2023 11:23 PM
📰 Moneyweb

⏱ Reading Time:
17 sec. here
2 min. at publisher
📊 Quality Score:
News: 10%
Publisher: 77%

United States News News

United States United States Latest News,United States United States Headlines

'We are putting the plumbing in place' to trade these securities, Valdene Reddy, the JSE’s director of capital markets, said.

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.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

Write Comment

United States United States Latest News, United States United States Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Foreigners flee SA stocks, sending volumes on JSE tumblingNon-resident investors have sold over R100bn in equities this year.
Source: Moneyweb - 🏆 5. / 77 Read more »

How South Africa Can Slash Fuel Prices to R10 With Special Tax on Oil Companies, According to PAPPIVisvin Reddy of the People Against Petrol and Paraffin Price Increase believs that the fuel price can be slashed to R10 via a special tax and buying oil cheaper.
Source: brieflyza - 🏆 10. / 68 Read more »