AirCarbon Exchange moves to standardise carbon trading
Through a new contract, AirCarbon Exchange (ACX) aims to establish global reference pricing for voluntary carbon markets, and thus unlock investment into climate change-mitigating projects.
Kass
Through a new contract, AirCarbon Exchange (ACX) aims to establish global reference pricing for voluntary carbon markets, and thus unlock investment into climate change-mitigating projects.
July 05, 2022
Singapore-based carbon trading platform, ACX, is looking to address one of the key inefficiencies in voluntary carbon markets opaque pricing.
In January, it launched a new Global Emission Reduction GER contract, in partnership with environmental contract developer, Net Zero Markets, and the German-based European Energy Exchange EEX.
The exchange has seen steady trading activity since its launch at the end of June 2022, with trades ranging between $7 and $8 a tonne, said William Pazos, managing director and co-founder of ACX, in a recent interaction with FinanceAsia.
Voluntary carbon markets allow companies to offset unavoidable emissions from their operations...
¬ Haymarket Media Limited. All rights reserved.
FinanceAsia has updated its subscription model.
Registered readers now have the opportunity to read 5 articles from our award-winning website for free.
To obtain unlimited access to our award-winning exclusive news and analysis, we offer subscription packages, including single user, team subscription (2-5 users), or office-wide licences.
To help you and your colleagues access our proprietary content, please contact us at [email protected], or +(852) 2122 5222
