Carbon jobs created as London company moves to Sydney

The NSW Government has helped secure at least 106 jobs for the development of the state’s trading hub with the relocation of two London companies to Sydney.

Carbon Trade Exchange, the world’s first online platform for businesses to trade carbon credits, is moving its headquarters from London to Sydney and creating 85 jobs over five years.

Carbon Trade Exchange’s sister company, Ventura Carbon, which provides corporate advisory services for clean technology projects, is also moving to Sydney, creating a further 21 jobs over five years.

The NSW Government helped secure the two investments with assistance from the Office of Trade, Business and Industry. “The securing of these investments for Sydney is a vote of confidence in the city’s future as an Asia-Pacific finance hub,” Deputy Director General for Trade, Business and Industry, Barry Buffier said.

“Carbon Trade Exchange provides an online marketplace for voluntary buyers and sellers of carbon credits to offset emissions and become ‘carbon neutral’. The company’s presence will help establish Sydney’s position as an Asia-Pacific leader for carbon trading.

“Ventura Carbon is a boutique environmental advisory firm providing specialised services for projects in the energy-efficiency, water, sustainable agriculture and forestry, energy from waste and geothermal sectors.”

Carbon Trade Exchange and Ventura Carbon join a range of Sydney organisations providing carbon-related services including trading services; corporate and project finance; monitoring, reporting and verification services; carbon asset management and strategy; registry and legal services. These include key voluntary carbon market participants such as Westpac, Commonwealth Bank, Markit Environmental Registry, Ernst & Young, Bloomberg New Energy Finance, Thomson Reuters, Baker & McKenzie, Norton Rose, Climate Friendly, and COZero.

Carbon Trade Exchange Chief Executive Officer Wayne Sharpe said his company chose to relocate to Sydney to focus on strong emerging opportunities in the Australian market.

“Australia’s transition to a low carbon economy over the next decade will present opportunities for businesses specialising in carbon reduction technology, consulting services, research and trading, creating hundreds of new jobs in multiple sectors,” Sharpe said.