WeAct, a leading global carbon project developer and trader, today announced the upcoming auction of 295,971 premium nature-based removal credits from its South Africa Grasslands Management Project (VCS2710).
The auction will run from 8–10 December on Xpansiv’s CBL exchange, offering global buyers access to high-integrity Verified Carbon Standard (VCS) credits eligible for both voluntary climate targets and compliance under the South African Carbon Tax.
The nature-based removals project spans 90,000 hectares of perennial South African grasslands, where WeAct and its NGO partners—the Endangered Wildlife Trust and Conservation Outcomes—work with 22 local farmers to implement sustainable grazing and fire management practices. These interventions increase soil carbon sequestration, strengthen drought resilience, restore native vegetation, reduce wildfire risk, and protect several endangered species including the Blue Crane, Wattled Crane, Oribi, Blue Swallow, and Sungazer Lizard.
Lloyd Vas, Head of Carbon Trading at WeAct, said the auction presents a rare opportunity to secure high-impact nature-based credits from a project delivering tangible climate, biodiversity and community outcomes.
“This auction gives buyers access to a large volume of nature-based removal credits at a time when demand for premium credits is accelerating globally. The South Africa Grasslands Project is a flagship example of how carbon finance can help restore degraded ecosystems, support farmers, and deliver real climate benefits”, says Vas.
“With both VCM and South African carbon tax eligibility, these units offer strategic value for a wide range of market participants—from corporates seeking to invest in high-integrity climate action to compliance buyers positioning for Phase Two of the carbon tax”, says Vas.
“The project’s Extended Letter of Approval (ELOA) ensures eligibility for the South African carbon tax, offering compliance buyers a compelling ‘buy, hold and sell’ opportunity as the year-on-year tax rates rise sharply from 2026 onwards”, says Vas.
These credits, generated under VM0026 Sustainable Grassland Management, contribute to sustainable development outcomes across South African agricultural communities—including improved soil health, erosion control, fire management, invasive species management, and enhanced long-term farming resilience.
This auction is the project’s first issuance of VCUs, with the proceeds of sale returning to the farmers and NGOs and supporting the project’s expansion.
Operated by Xpansiv, this unique auction event will follow a closed, single-round, pay-as-bid format with a floor price of USD $12.00 and a minimum bid size of 10,000 VCUs. Higher priced bids will receive priority access to the most recent vintages. All bidders must pre-fund their bids and hold both a CBL account and a Verra registry account.
“The convergence of compliance and voluntary carbon markets is a key focus for market participants today. By auctioning COAS credits on our CBL exchange, WeAct offers a streamlined, transparent way for compliance and voluntary market participants to buy credits and delivers a strong price signal at this pivotal time”, says Russell Karas, Senior Vice President, Strategic Market Solutions, Xpansiv.
“We are proud to join with WeAct to facilitate this auction, which builds on our established track record co-hosting IATA’s CORSIA procurement events and supporting the JSE’s COAS market”, says Karas.
Pre-auction meetings with WeAct and Xpansiv are available until Monday 1 December, and registration closes on Wednesday 3 December at 3pm UTC. More information can be provided to interested parties by contacting the Xpansiv team via email at exchange@xpansiv.com.
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For more information on this media release, please contact Brad Kerin, General Manager at brad@weact.com.au.
About WeAct
Established in 2009, WeAct is a global carbon project developer and trading desk, operating a range of nature and technology-based community development projects across Australia, Fiji, PNG, India, Madagascar, South Africa and Colombia. As an AFSL-regulated entity (AFSL 425488), WeAct trades approximately 5 million carbon credits per year to a range of compliance and voluntary market buyers worldwide. WeAct has been an active participant in the South African carbon market since its inception and has sold over 2 million South African offsets to carbon tax liable entities since 2020.
About Xpansiv
Xpansiv® operates the world’s largest integrated, open and neutral market infrastructure for the global energy transition. Through Xpansiv’s comprehensive end-to-end technology platform, which covers the entire lifecycle of environmental commodities, the company connects diverse markets and participants worldwide playing a pivotal role in scaling the energy transition.
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