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Thursday, June 13, 2024

BeZero carbon ratings to be conducted on Abu Dhabi Carbon Exchange


client Carbon and ACX (formerly AirCarbon Exchange) announced that BeZero will host its carbon credit ratings on ACX’s Abu Dhabi exchange. Users will now have real-time access to BeZero Carbon’s ratings of carbon offset projects, allowing them to make informed decisions about the quality of carbon credits before investing.

The move aims to bring transparent carbon ratings to a new audience in the Gulf state. Last year, Abu Dhabi Global Market (ADGM) and AirCarbon Exchange (ACX) announced a partnership to establish the world’s first fully regulated carbon exchange and carbon clearing house in Abu Dhabi.

related: UAE Fund Mubadala Takes Stake in AirCarbon Exchange

Businesses can trade and finance carbon credits like traditional financial assets, thereby increasing participation in and investment in global carbon reduction and offsetting schemes.

Now, BeZero’s ratings will help scale up investment in voluntary carbon markets by facilitating decision-making.

related: ACX and Carbon Offset Certification Collaborate to Prove Environmental Claims

“Transparency is integral to expanding the voluntary carbon market. We are proud to make their carbon ratings available to participants on our Abu Dhabi exchange, building on our existing partnership with BeZero Carbon. They offer ’s risk-based rating will help our members better understand their carbon credit investments, and we are pleased to continue working with a knowledgeable business committed to maintaining integrity in this rapidly evolving market,” said Co-CEO and co-founder William Pazos said. -Founder of ACX.


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