{"id":80310,"date":"2023-10-30T02:00:57","date_gmt":"2023-10-30T02:00:57","guid":{"rendered":"https:\/\/enterpriseam.com\/climate\/2023\/10\/30\/aircarbon-launches-its-carbon-credits-clearing-house-on-the-abu-dhabi-global-market\/"},"modified":"2023-10-30T02:00:57","modified_gmt":"2023-10-30T02:00:57","slug":"aircarbon-launches-its-carbon-credits-clearing-house-on-the-abu-dhabi-global-market","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/climate\/2023\/10\/30\/aircarbon-launches-its-carbon-credits-clearing-house-on-the-abu-dhabi-global-market\/","title":{"rendered":"AirCarbon launches its carbon credits clearing house on the Abu Dhabi Global Market"},"content":{"rendered":"<p><strong><a class=\"content-anchor\" id=\"tldr-story-04\"><\/a><\/strong><strong>AirCarbon <\/strong><strong>launches its carbon market on ADGM: <\/strong>Singapore\u2019s AirCarbon Exchange (ACX) has launched its carbon market on the Abu Dhabi Global Market (ADGM), according to a <a href=\"https:\/\/rb.gy\/jp01x\">statement<\/a> released last week. The inaugural carbon credits trade on the fully regulated exchange was undertaken by the UAE\u2019s First Abu Dhabi Bank and EU-backed <a href=\"https:\/\/helixclimate.eu\/\">Helix Climate<\/a>.<\/p>\n<p><strong>We knew this was in the works: <\/strong>The UAE said it <a href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/a2d5d5a8-a4e7-48d5-a1a7-a8ab9f5d1ca4\">intended to launch<\/a> regulating carbon credit trading exchanges and clearing houses ahead of COP28 back in July. Earlier in June, the UAE Independent Climate Change Accelerators <a href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/e2f2016c-930f-4150-83e4-11d44182e14f\">launched the UAE Carbon Alliance<\/a> in partnership with ACX in a bid to establish a framework for carbon markets. The alliance was launched a year after the Abu Dhabi Global Market <a href=\"https:\/\/www.adgm.com\/media\/announcements\/abu-dhabi-to-launch-first-regulated-carbon-credit-trading-exchange-and-clearing-house-in-the-world\">said it was working<\/a> with ACX on launching the world\u2019s first fully regulated carbon trading exchange.<\/p>\n<p><strong>ACX has already established a MENA foothold:<\/strong> The company already established its regional office in the UAE back in 2021 with backing from UAE VC Hub71, the statement notes. Hub71 is funded by state-owned investment firm <a href=\"https:\/\/www.mubadala.com\/\">Mubadala Investment Company<\/a>, which <a href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/b70a0bc0-b048-418f-bb1c-8dabbcb2f984\">acquired a stake in ACX<\/a> last November.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>AirCarbon launches its carbon market on ADGM: Singapore\u2019s AirCarbon Exchange (ACX) has launched its carbon market on the Abu Dhabi Global Market (ADGM), according to a statement released last week. The inaugural carbon credits trade on the fully regulated exchange was undertaken by the UAE\u2019s First Abu Dhabi Bank and EU-backed Helix Climate. We knew [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":80311,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[342],"tags":[1744,1948,98,255,11,52],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-80310","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-carbon-markets","tag-adgm","tag-aircarbon-exchange","tag-carbon-markets","tag-carbon-offsetting","tag-enterpriseclimate","tag-uae","wpautop","entry"],"acf":{"mongo_id":"df1918be-36b4-4e53-8faf-f62bc9d62424","is_powered_by":true,"story_type":"1","photo_url":"https:\/\/ent.news\/2023\/10\/1642.jpg","photo_position":"above","related_issue":[80298],"teaser":"","voice_url":""},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.1 (Yoast SEO v27.1.1) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>AirCarbon launches its carbon credits clearing house on the Abu Dhabi Global Market - Climate<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/enterpriseam.com\/climate\/2023\/10\/30\/aircarbon-launches-its-carbon-credits-clearing-house-on-the-abu-dhabi-global-market\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"AirCarbon launches its carbon credits clearing house on the Abu Dhabi Global Market\" \/>\n<meta property=\"og:description\" content=\"AirCarbon launches its carbon market on ADGM: Singapore\u2019s AirCarbon Exchange (ACX) has launched its carbon market on the Abu Dhabi Global Market (ADGM), according to a statement released last week. The inaugural carbon credits trade on the fully regulated exchange was undertaken by the UAE\u2019s First Abu Dhabi Bank and EU-backed Helix Climate. We knew [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/climate\/2023\/10\/30\/aircarbon-launches-its-carbon-credits-clearing-house-on-the-abu-dhabi-global-market\/\" \/>\n<meta property=\"og:site_name\" content=\"Climate\" \/>\n<meta property=\"article:published_time\" content=\"2023-10-30T02:00:57+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/i0.wp.com\/ent.news\/2023\/10\/1642.jpg?fit=%2C&ssl=1\" \/>\n<meta name=\"author\" content=\"enterpriseam admin\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"enterpriseam admin\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/enterpriseam.com\/climate\/2023\/10\/30\/aircarbon-launches-its-carbon-credits-clearing-house-on-the-abu-dhabi-global-market\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/climate\/2023\/10\/30\/aircarbon-launches-its-carbon-credits-clearing-house-on-the-abu-dhabi-global-market\/\"},\"author\":{\"name\":\"enterpriseam admin\",\"@id\":\"https:\/\/enterpriseam.com\/climate\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\"},\"headline\":\"AirCarbon launches its carbon credits clearing house on the Abu Dhabi Global Market\",\"datePublished\":\"2023-10-30T02:00:57+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/climate\/2023\/10\/30\/aircarbon-launches-its-carbon-credits-clearing-house-on-the-abu-dhabi-global-market\/\"},\"wordCount\":199,\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/climate\/#organization\"},\"image\":{\"@id\":\"https:\/\/enterpriseam.com\/climate\/2023\/10\/30\/aircarbon-launches-its-carbon-credits-clearing-house-on-the-abu-dhabi-global-market\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/i0.wp.com\/ent.news\/2023\/10\/1642.jpg?fit=%2C&ssl=1\",\"keywords\":[\"ADGM\",\"AirCarbon Exchange\",\"carbon markets\",\"carbon offsetting\",\"EnterpriseClimate\",\"UAE\"],\"articleSection\":[\"CARBON MARKETS\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/enterpriseam.com\/climate\/2023\/10\/30\/aircarbon-launches-its-carbon-credits-clearing-house-on-the-abu-dhabi-global-market\/\",\"url\":\"https:\/\/enterpriseam.com\/climate\/2023\/10\/30\/aircarbon-launches-its-carbon-credits-clearing-house-on-the-abu-dhabi-global-market\/\",\"name\":\"AirCarbon launches its carbon credits clearing house on the Abu Dhabi Global Market - 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