BeZero Carbon and ACX (formerly known as AirCarbon Exchange) announced that BeZero will host its carbon credit ratings on ACX’s Abu Dhabi exchange. Users will now be able to access BeZero Carbon’s ratings for carbon offset projects in real-time, allowing them to make informed decisions about carbon credit quality before making investments.
The move aims to bring transparent carbon ratings to a new audience in the Gulf States. Last year, Abu Dhabi Global Market (ADGM) and AirCarbon Exchange (ACX) announced their partnership to create the world’s first fully regulated carbon trading exchange and carbon clearing house which will be established in Abu Dhabi.
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Corporates can trade and finance carbon credits like conventional financial assets which increases participation and investments in global carbon reduction and offset programs.
Now BeZero’s ratings will help scale investments in the voluntary carbon market by facilitating decision-making.
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“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,” said William Pazos, Co-CEO and Co-Founder of ACX.
