Mubadala takes ‘strategic stake’ in Singapore’s AirCarbon Exchange – The National

Mubadala takes ‘strategic stake’ in Singapore’s AirCarbon Exchange – The National

Mubadala Investment Company has acquired a “strategic stake” in Singapore-based AirCarbon Exchange (ACX), which is setting up a carbon trading exchange and carbon clearing house in Abu Dhabi.

The Abu Dhabi fund said on Thursday that the transaction with ACX had been successfully completed. Financial details were not disclosed.

In March, the Abu Dhabi Global Market teamed up with ACX to create the “world’s first fully regulated” carbon trading exchange in the emirate.