HomeMarket OverviewJSE to Offer “Environmental Commodities”

JSE to Offer “Environmental Commodities”

20-03-2024
JSE to Offer “Environmental Commodities”

The Johannesburg Stock Exchange (JSE) has partnered with Xpansiv – which creates the infrastructure that makes it possible to invest in carbon offsets.

Investors will soon be able to trade renewable energy certificates and carbon credits from forestry and farming activities. In a Monday interview, JSE CEO Leila Fourie said, “We have had at least five sellers wanting to register.”

South Africa doesn’t produce the most carbon credits, however, it does emit the most greenhouse gases. As carbon taxes continue to grow, offsets will become more attractive. The country also produces the most solar and wind energy.

Carbon credits are slated to be a ton of climate warming carbon dioxide scrubbed or prevented from entering the atmosphere. They may reach $1 trillion in market value and are currently at $2 billion.

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