ZERO13 is an automated AI and blockchain-driven international carbon exchange, registry and aggregation hub and ecosystem by London-based GMEX Group.
The accord, unveiled by ZERO13 and XTCC at the World Economic Forum taking place in Davos, Switzerland this week, addresses the urgent need to bridge the multi-trillion-dollar annual gap in climate finance.
Signed by influential global investors, it focuses on leveraging ZERO13’s digital platform infrastructure and XTCC’s exchange-listed investment products.
XTCC has introduced the first in a series of such products, offering high-integrity carbon credits sourced from verified renewable energy and regenerative agriculture projects.
The World Economic Forum emphasizes the necessity for approximately $4-5 trillion in global clean energy investments annually by 2030 to avert a climate disaster.
XTCC and ZERO13’s accord responds to this challenge, outlining a strategy to enhance the integrity and credibility of carbon credits.
ZERO13 and XTCC’s collaboration with multiple climate ecosystem partners serves as a financial and digital gateway, providing opportunities for both project funders and investors.
The accord encourages stakeholders in the climate value chain to collectively invest in digitally verifiable, high-integrity carbon credits.
The signatories commit to working towards an economic model that rebuilds trust in the carbon credit market and increases liquidity.
The goal is to drive community development and economic progress, particularly in the Global South and emerging nations.
ZERO13 and XTCC are currently engaged in multiple countries, with over $1 billion in bankable projects in India, Brazil, Kenya, Rwanda, Seychelles, and South Africa.