Targray has launched its international Environmental Commodities trading desk, where it will supply carbon credits, carbon offsets and renewable energy certificates.
- Targray has launched its new Environmental Commodities trading desk.
- It is expected to complement the company’s existing portfolio of products and services for the renewable fuels, solar, and battery sectors.
- The market continues to expand amid increased interest in compliance and voluntary carbon markets around the world.
Targray, a supplier of commodities and specialty materials for cleantech industries, said the new desk will operate out of its North American and European business centres. It will be headed by a team of carbon traders and sustainability professionals.
The company’s existing Environmental Commodities business focuses on the trading and supply of carbon credits, carbon offsets and renewable energy certificates for compliance and voluntary carbon markets around the world. It also provides tailored emissions reduction solutions for large and small emitters pursuing ESG requirements, net zero targets and UN Sustainable Development Goals. Its traditng activities are managed on accredited registries including Verra and Gold Standard.
Targray said the new desk will complement its existing portfolio of products and services for the renewable fuels, solar, and battery sectors. The group’s ambition is to position itself as a leading provider of sustainable commodities and a key player in the global transition to clean energy.
The launch comes amid growing interest in carbon markets as hard-to-abate sectors resort to credits to offset the emissions that cannot be avoided. The voluntary carbon markets alone are expected to be worth $50 billion by the end of the decade.