Bloomberg and General Index Enhance Collaboration for Carbon Market Insights

In a significant move to bolster market intelligence in voluntary carbon markets, Bloomberg and General Index (GX) have expanded their strategic partnership. This cooperation aims to provide users of the Bloomberg Terminal with comprehensive access to more than 200 voluntary carbon price indexes. The collaboration builds on existing resources within the Bloomberg ecosystem, notably the Commodity Spot Prices tool.

Enhanced Access to Carbon Market Data

The newly available dataset encompasses a variety of carbon credit price baskets designed to illuminate the complexities of voluntary carbon markets (VCM). The dataset includes 69 spot prices along with 133 spread and rolling average price indexes, which offer critical insights into some of the most active markets and regions. These benchmarks are derived from a meticulous aggregation of trade input data within the VCM, sorted by risk ratings, scheme, technology, vintage, and location.

Emilie Gallagher, Global Head of Commodities, FX, and Macroeconomics at Bloomberg, expressed enthusiasm about the expanded collaboration, stating that the ongoing volatility fueled by macroeconomic and geopolitical dynamics is increasing demand for transparency in commodities pricing. She reinforced the importance of accurate market intelligence, especially for emerging markets like voluntary carbon.

Market Intelligence in a Changing Landscape

The GX-powered data reflects evolving trading behaviors while also anchoring to established commodity pricing benchmarks, thus offering participants a robust data solution for managing their commodity exposure. Users of the Terminal not only benefit from real-time data but can also utilize GX’s price assessments through Bloomberg Data License and the B-PIPE, the company's real-time market data feed.

Diane Charnock, Vice President of Corporate Development at GX, highlighted the company’s commitment to improving transparency in emerging commodity markets. She noted that the expanded partnership with Bloomberg ensures that market stakeholders are equipped with reliable and high-quality data-driven price assessments to navigate the evolving carbon markets effectively.

The Importance of Carbon Market Transparency

As concerns over climate change continue to grow, the significance of voluntary carbon markets is on the rise. Organizations and industries are increasingly seeking to offset their carbon footprints by investing in carbon credits, which has led to a heightened demand for transparent and actionable market information. The new partnership aims to cater to this need, providing a clearer picture of carbon pricing trends and behaviors that can help stakeholders make informed decisions.

For over four decades, the Bloomberg Terminal has transformed the landscape of financial services by improving transparency and fostering innovation. Bloomberg's analysis and tools have been vital resources for decision-makers across the globe. With the introduction of over 200 carbon price indexes, the Terminal continues this legacy by offering insights that are not only timely but also crucial for navigating today’s complex financial markets.

About General Index and Bloomberg

General Index is a benchmark provider that specializes in delivering commodity prices. Their advanced methodologies, compliant with international regulations, allow them to produce thousands of actionable price assessments, including coverage in crude oil, biofuels, and now, voluntary carbon markets.

Bloomberg, recognized as a leader in business and financial data, provides essential tools and intelligence that enhance market transparency, fairness, and efficiency. Their collaborative efforts with General Index reflect a growing commitment to supporting carbon market initiatives with reliable information.

As the carbon market continues to grow, the collaboration between Bloomberg and General Index positions both companies as pivotal players in delivering valuable insights crucial for the future of sustainable investment.