Mubadala acquires strategic stake in Singapore’s AirCarbon Exchange

Mubadala acquires strategic stake in Singapore’s AirCarbon Exchange

Abu Dhabi sovereign investor, Mubadala Investment Company has reached an agreement with Singapore-based AirCarbon Exchange (ACX) in order to acquire a strategic stake in ACX.

AirCarbon Exchange 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.

The announcement was made during the first edition of Abu Dhabi Finance Week (ADFW) 2022. The week-long event serves as a platform for in-depth conversations around the Mena region’s thriving financial sector, industry trends, developments, and innovation involving financial markets and global banking.

Ahmed Jasim Al Zaabi

Chairman – ADGM “The UAE continues to be a leader in leveraging the path to a lower carbon economy to safeguard the environment, drive down emissions and create lasting economic opportunities. The investment by Mubadala in ACX is a great testament to the commitment towards climate action, which will enable investors and businesses to voluntarily purchase verified emissions reductions in the form of carbon credits within the progressive ecosystem of ADGM. As one of the first-fully regulated jurisdictions in the world to regulate carbon credits