The Natural Capital Credit Consortium (NCCC) of Japan has signed a MoU with AirCarbon Exchange (ACX) to further develop the country’s carbon ecosystem.
Professor Shunsuke Managi, Chair of the NCCC, said: “This MOU outlines our plans to establish a new trading scheme for carbon farming, blue ocean industries, and infrastructure within Japan and internationally. By developing a better understanding of how to mitigate emissions, we can establish a new mechanism for registering carbon credits. Furthermore, we plan to collaborate on carbon trading through the exchange in Singapore.”
NCCC is an organization that bring together all relevant stakeholders when it comes to carbon markets and credits – private companies, municipalities, and academic researchers. By aligning all of these parties, the alliance aims to create an efficient market that generates carbon credits of the highest quality and reliability.
Partnering with AirCarbon Exchange will allow companies from Japan to engage with the exchange’s international client orderbook. This will provide new avenues for buyers and sellers from within and outside of the country to trade carbon credits on a ready-made platform that has built-in transparency.
Relevant: Japan To Launch Carbon Credits Trading System In April
Thomas McMahon, Co-Founder and Co-CEO of ACX Group, said: “We are honoured to be partnering with the Natural Capital Credit Consortium to further expand Japan’s voluntary carbon market. We look forward to collaborating with the NCCC in this important and timely initiative towards Net Zero.”
ACX is one of the largest online carbon trading platforms and has seen a rapid rate of growth in recent years. The company has recently announced several key partnerships in the U.S. and Middle East, which combined with its exposure to countries like Brazil, India and Indonesia gives it a truly global reach.
Read more: StoneX And AirCarbon Exchange To Create U.S. Digital Carbon Marketplace