UK – May 7th, 2019 – Spark Change, leading FinTech for the creation of green financial products, and BJSS, the UK’s leading privately-owned IT and business consultancy, today announced completion of the first phase of their partnership to deliver a unique combination of Commodity and Trading and Risk Management (CTRM) and Distributed Ledger Technology (DLT) solutions to create the world’s first global carbon price. Climate Change has been widely recognised as one of the greatest challenges for and threats to society. However, placing a cost on emitting carbon dioxide (CO2) has been limited to regional markets that are not interconnected, with the price paid by emitters being insufficient to incentivise investment in cleaner technologies. Spark Change has created a transformational financial instrument, Spark, that integrates regional carbon markets into a single product, simultaneously allowing investors to gain exposure to a global carbon price and crucially, forcing emitters to invest in cleaner technologies and accelerate the reduction in emissions. This innovative product is made possible through Spark Change’s technology solution, developed with the support of BJSS’ wide-ranging agile software engineering capabilities. Spark Change’s Cloud-based CTRM platform gathers live pricing information via regional integrations with exchanges across Europe, North America and soon… continue reading
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Source: CTRM Center