Mubadala acquires stake in the world’s first fully regulated carbon exchange based in Abu Dhabi

Mubadala acquires stake in the world’s first fully regulated carbon exchange based in Abu Dhabi

Transaction reflects Mubadala’s responsible investment approach and alignment with the UAE Net Zero by 2050 Strategic Initiative

Partnership to accelerate sustainable economic development and diversification across the UAE and wider Middle East region

Abu Dhabi, United Arab Emirates: Mubadala Investment Company PJSC (Mubadala), an Abu Dhabi sovereign investor, and AirCarbon Exchange (ACX), the global exchange revolutionizing the voluntary carbon market based in Hub71, Abu Dhabi’s global tech ecosystem, have successfully completed a transaction under which Mubadala has acquired a strategic stake in ACX, supporting ACX’s establishment of the first fully regulated carbon trading exchange and carbon clearing house in Abu Dhabi.

ACX is a global environmental commodities exchange that uses distributed ledger technology. leveraging blockchain architecture to create securitized carbon credits. This framework allows corporates to trade and finance carbon credits like conventional financial assets, increasing participation and investment in global programs for carbon emission reduction and offset.

As part of its responsible investing and economic diversification mandate, Mubadala is investing in commercially attractive solutions to the world’s most significant challenges and is purposefully deploying capital in high growth sectors that drive substantial change.

The announcement was made during the first edition of Abu Dhabi Finance Week (ADFW) hosted by ADGM between 14 and 18th