- Karbon-X Corp (OTCQX:KARX) expands into the European Union Emissions Trading System (EU ETS) by opening EU trading accounts.
- The Madrid office will provide direct access to EU Allowances (EUAs), enhancing compliance market capabilities, especially in maritime and transport sectors.
- This expansion aligns with Karbon-X's strategy to provide integrated solutions across global compliance and voluntary carbon markets.
Karbon-X Corp (OTCQX:KARX), a climate solutions company, has launched its operations within the European Union Emissions Trading System (EU ETS) by opening trading accounts in the EU. This strategic expansion, operated through the company's Madrid office, allows Karbon-X to offer direct access to EU Allowances (EUAs) for entities governed under the EU ETS, thereby strengthening its position in the compliance market.
The Madrid team, armed with expertise in carbon market mechanisms and regulatory frameworks, will focus on providing specialized compliance strategies tailored for the maritime and transport-linked industries. This development is part of Karbon-X's broader strategy to deliver integrated solutions across global compliance and voluntary carbon markets, following its continued growth in North America.
"Expanding into the EU ETS is a natural evolution of our strategy," stated Chad Clovis, CEO of Karbon-X. He emphasized the firm's commitment to serving a diverse range of compliance needs while maintaining a steadfast focus on transparency, integrity, and measurable outcomes.
This move positions Karbon-X to adeptly navigate the increasingly intricate regulatory environments, offering clients access to high-quality carbon instruments and advisory services. With the new operational infrastructure in Europe, Karbon-X is poised to enhance its service offerings across multiple regions and sectors.
