Carbon credit exchange operator Carbon Trade Exchange (CTX) has appointed a new global head of voluntary market operations, it said on Wednesday, adding that it would soon open a new office in Singapore.
Rene Velasquez first joined CTX a year ago as a senior VP of sales, after acting as an Australia and US business development manager at Germany-headquartered project developers First Climate.
“As Global Head of the Voluntary Carbon Market, Rene will be responsible for the CTX global sales team, advising clients on the development and implementation of carbon offset strategies,” CTX said in a press release.
“His appointment will also lead to an expansion of operations, with CTX to open a new office in Singapore in the coming weeks,” it added.
CTX launched its online VER exchange in 2010, and has recently announced it will open bourses in North America for RGGI and California Carbon Allowance (CCA) trading.
CTX chairman and founder Wayne Sharpe also chairs European Environmental Markets plc, which will this year launch a spot exchange for trading in the EU ETS.