BeZero Carbon and ACX extend partnership
Global carbon ratings agency BeZero Carbon and ACX have today extended their partnership to bring carbon ratings to new audiences in the Gulf States
BeZero’s Carbon Ratings will now be hosted on ACX’s Abu Dhabi exchange – the world’s first fully regulated carbon exchange
This partnership marks a further step towards boosting transparency in the Voluntary Carbon Market, providing market participants with quality ratings to make better Net Zero decisions
BeZero Carbon has today extended its partnership with ACX (formerly known as AirCarbon Exchange) to host its carbon credit ratings on ACX’s Abu Dhabi exchange - bringing transparent carbon ratings to a new audience in the Gulf States.
The ACX Abu Dhabi exchange is the world’s first fully regulated carbon trading exchange. All users of this exchange will now be able to access BeZero’s Carbon’s ratings for carbon offset projects in real time, allowing them to make informed decisions about carbon credit quality before investment.
This new partnership expands on an existing partnership between BeZero and ACX, which saw BeZero’s ratings hosted on other ACX platforms across the world.
BeZero’s risk-based ratings are essential to scale investment in the Voluntary Carbon Market, providing market participants with the information they need to make informed decisions about carbon credit investments.
ACX partnered with the Abu Dhabi Global Market, the International Financial Centre in Abu Dhabi, last year to create the first fully regulated carbon trading exchange and clearing house to allow corporates to trade and finance carbon credits like financial assets.
Tommy Ricketts, CEO and Co-founder of BeZero Carbon said:
“We are pleased to extend our partnership with ACX and bring our expert assessment of carbon credit quality to a new audience in the Gulf. The Voluntary Carbon Market is a critical tool for climate action, and companies need access to risk analytics to help them make informed decisions about how to invest in high quality credits. By offering our carbon ratings on the exchange, we hope to scale investment in the VCM and support the allocation of vital capital towards high quality projects to enable the Net Zero transition.”
William Pazos, Co-CEO and Co-Founder of ACX, said:
“Transparency is integral to scaling the Voluntary Carbon Market. We are proud to be building upon our existing partnership with BeZero Carbon to offer their carbon ratings to participants on our Abu Dhabi exchange. The risk-based ratings they provide will help our members better understand their carbon credit investments, and we are pleased to continue our partnership with a knowledgeable business committed to upholding integrity in this rapidly scaling market.”