Biggest Africa Exchange Firm Wants the Continent’s Carbon Market

• JSE starts carbon-credit market in venture with Xpansiv
• African nations plan to regulate, boost carbon-credit output

JSE Ltd., which operates Africa’s biggest stock and bond exchanges, has made its play to corner the continent’s nascent carbon market.

The Johannesburg-based company has started a market for carbon credits and renewable-energy certificates with Xpansiv Ltd., which provides infrastructure to trade what it terms environmental commodities, it said on Thursday.

“We are putting the plumbing in place” to trade these securities, Valdene Reddy, the JSE’s director of capital markets, said in an interview. “We are looking to position this as a solution across the continent.”