Macao International Carbon Emission Exchange appoints BeZero Carbon as exclusive independent ratings partner

Global carbon ratings agency BeZero Carbon today announces an exclusive strategic partnership with the Macao International Carbon Emission Exchange (MEX), supporting MEX's role as a bridge between China and international carbon markets.

Under the partnership, BeZero's ratings will be integrated across the MEX trading platform, giving buyers, investors and project developers on the exchange a consistent, independent view of carbon credit quality.

BeZero's ratings provide a risk-based assessment of a carbon project's likelihood of avoiding or removing one tonne of CO₂e, ranging from AAA (highest likelihood) to D (lowest likelihood). No two carbon credits are equal, and quality can vary across the market significantly; therefore, applying this standardised approach to credits on the MEX to have a consistent starting point for due diligence and reassure investors that credits have been independently assessed. They will also allow project developers to signal the quality of their projects to international buyers, helping high-quality credits achieve stronger prices.

BeZero and MEX will also collaborate on a research programme. Using BeZero's ratings data, the two organisations will analyse how credit quality, supply and pricing are evolving, and which project types deliver the greatest climate impact. They will also carry out joint research on the development of China's carbon markets and their connection with international markets. Findings will be shared with market participants and policymakers.

Independent risk analysis is increasingly recognised as essential infrastructure for carbon markets, enabling governments, exchanges and buyers to act with confidence in the environmental outcomes they are paying for. This partnership places that analysis at the point of trade, where buyers make their decisions.

Meng Meng, General Manager of MEX, stated: “As international carbon markets evolve, ensuring asset credibility and smooth market liquidity is paramount. Our primary mission is to lower transaction friction and deliver real value to our trading participants. By embedding BeZero Carbon’s independent ratings directly onto our platform, we provide buyers with immediate, reliable price-to-quality reference points to close deals with confidence. By helping our clients understand the true value and quality of what they buy and sell, we make carbon trading simpler, safer, and more efficient for everyone involved.”

Tommy Ricketts, Co-founder and CEO of BeZero Carbon, said: “MEX is building a vital bridge between China and global carbon markets. Bringing independent ratings to the heart of that exchange gives buyers the confidence to act and rewards the projects delivering real climate impact. We're proud to be seen as an increasingly essential partner to exchanges looking to build high integrity carbon markets, and we are pleased to be MEX's exclusive ratings partner.”

Finn O'Muircheartaigh, General Manager APAC at BeZero Carbon, said: “Asia is where much of the next decade of carbon market growth will happen. MEX is right to put quality at the centre of that design. Our partnership with MEX will give the market a common language for risk along with research into China's carbon market, so that buyers and policymakers can make decisions grounded in data.”