SINGAPORE, April 16, 2021 /EINPresswire.com/ — • ACX is the world’s first fully digital exchange for environmental products and voluntary carbon offsets.
• GNTs are backed by carbon credits generated by nature-based Projects with vintages from 2012.
• Real-Time Trading & Streamlined Settlement.
• Lowest fees in the market.
• Traditional commodities architecture for the carbon markets is the hallmark of the ACX value proposition.
AirCarbon Exchange (“ACX”) launched the Global Nature Token (GNT) on April 16th, 2021. The contract is backed by an equivalent ton of carbon emission reductions generated by nature-based projects that have been verified and issued by internationally recognized verification standards.
The GNT will provide a benchmark price for voluntary carbon credits generated from projects in the Agriculture, Forestry and Other Land Use (“AFOLU”) sector. Nature-based projects are projects that promote forest, grassland and wetland stewardship to protect and restore nature. These projects remove greenhouse gases from the atmosphere through the absorption and storage of carbon.
Himpanzee Pte Ltd is the first project developer to commit to listing their forestry credits under the new market standard. The company has developed the Riau Ecosytem Restoration Carbon Project with over 6mm tCo2 p.a., among others. Dorjee Sun, its Founder added, “We are excited to be a part of this new chapter in carbon market development. By standardizing credits along market demand, we can increase our speed to market and unnecessary friction.”
Bill Pazos, COO and Co-Founder of ACX said, “The AFOLU sector is the main driver of carbon mitigation in the medium term. We are glad to work with Himpanzee to launch this innovative market instrument.”
SUN Jie Ling
AirCarbon Pte. Ltd.
+65 8168 4248
Source: EIN Presswire