First RSG Offer with Carbon Offsets Originates on the COMET Marketplace

TruMarx Data Partners, Inc., developers of the COMET energy marketplace, have announced the first origination of Responsibly Sourced Gas (RSG) on COMET since adding the asset class to their online marketplace. This adds to the nearly quarter of a million originations conducted on COMET.

The addition of RSG takes the number of assets COMET supports to 17 and joins other carbon light environmental assets including LNG, RINs and RECs.

“COMET is pleased to act as the marketplace to bridge the gap between suppliers of RSG and buyers.” stated Jon B. Olson, CEO, TruMarx Data Partners “We proudly support the industry’s move towards low carbon initiatives and RSG will be a key factor in achieving our customers' ESG goals.“

In the RSG market, COMET’s members can now specify bespoke qualitative attributes, such as certification metrics, around the bespoke quantitative attributes that members already negotiate on COMET. These attributes are captured in the audit trail, confirming the attributes of the RSG transacted and the transacting parties in perpetuity. Through COMET's reporting tools, this information can be shared with regulators, management and included in sustainability reports to various stakeholders.

COMET supports audited, real-time, confidential collaboration around any energy transaction, and provides custom integration between third-party systems to create straight-through processing across the transaction lifecycle. COMET standardizes processes around non-standard transactions.

Olson added “This origination demonstrates that RSG trading is a reality, and COMET members have signaled that there is more to come.”