DUBAI
\nACX, formerly known as AirCarbon Exchange, has signed a Memorandum of Understanding (MoU) with Blue Carbon, a project developer based in Dubai, to collaborate on the development of carbon markets in the Middle East (ME) and North Africa (MENA) region.
\nACX\u2019s regulated platform for trading environmental assets seeks to drive substantial transformations in the environmental markets. Through the partnership with Blue Carbon, this initiative will enhance the progress of carbon market initiatives in the MENA region.
\nBlue Carbon chooses ACX as the preferred platform for carbon credit sales and transactions, including hosting auctions before COP28.
\nBoth companies will collaborate to build appropriate market infrastructure, facilitating the implementation of Article 6.2 transactions under the United Nations\u2019 Paris Agreement in the UAE and partner countries.
\nWilliam Pazos, Co-CEO and Co-Founder of ACX, expressed enthusiasm about the partnership with Blue Carbon, stating, \u201cWe are pleased to collaborate as their preferred platform for carbon credit sales and smooth transactions. This agreement demonstrates how companies can combine their strengths to generate opportunities and meaningful outcomes while combating climate change.\u201d
\nThis Memorandum of Understanding (MOU) marks a significant milestone in ACX\u2019s quest to become the foremost global carbon exchange. By successfully launching the world\u2019s inaugural regulated carbon exchange in Abu Dhabi, ACX is making remarkable progress in establishing itself as a prominent participant in the carbon trading arena, both regionally in MENA and on a global level.
\nJosiane Sadaka, CEO of Blue Carbon, emphasized the importance of ITMOs (Internationally Transferred Mitigation Outcomes) in tackling climate change. She stated that ITMOs serve as a powerful tool for global cooperation and address the pressing need for collective action towards a sustainable and resilient future. By adopting a collaborative approach, we can pave the way for a low-carbon future that benefits both humanity and the environment. ACX\u2019s efforts closely align with the UN\u2019s Article 6 framework, enabling voluntary and compliance carbon sectors to converge in the near future.<\/p>\n","protected":false},"excerpt":{"rendered":"
DUBAI ACX, formerly known as AirCarbon Exchange, has signed a Memorandum of Understanding (MoU) with Blue Carbon, a project developer based in Dubai, to collaborate on the development of carbon markets in the Middle East (ME) and North Africa (MENA) region. ACX\u2019s regulated platform for trading environmental assets seeks to drive substantial transformations in the […]<\/p>\n","protected":false},"author":2,"featured_media":342924,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[6],"tags":[],"class_list":{"0":"post-342915","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-world"},"yoast_head":"\n