ACX (AirCarbon Exchange) – the first regulated carbon exchange and clearing house offering participants to enter the OTC market to buy and sell carbon credits has partnered with Sylvera, a leading carbon credit ratings platform.
Sylvera and ACX will collaborate to develop the first standardized contract of high-quality carbon credits with a rating of A and above – AA and AAA, available to be traded on the ACX’s exchange. The contract – ‘A’ Nature Tonne (SAN) will accept carbon credits from Sylvera’s highest-rated projects to restore investors’ trust in the carbon markets and ensure the security needed to invest in it.
The contracts also make sure projects comply with social and environmental safeguards that reduce complexities and simplify decision-making in the trading process. It provides a scalable way for investors to support sustainable carbon removal projects.
The carbon credits are nature-based from REDD+, Afforestation, Reforestation, and Restoration, and Improved Forest Management projects of all vintages. Such projects are vital for the restoration of our lost ecosystem and sustaining current ones. They also have other co-benefits such as alleviation from poverty by providing livelihood for local communities.
“Exchanges like ACX have a critical role to play in providing investors with more robust data and information at the point of decision-making to ensure the effectiveness of climate action investments and measure and benchmark progress against net zero targets. Together, we can build a more transparent, comprehensible, and high-quality voluntary carbon market that drives forward real climate impact,” commented on the announcement Sam Gill, Co-Founder and President at Sylvera.