Air Carbon Exchange (ACX) and StoneX Group Team Up to Promote US Carbon Trading

03/24/2023 04:19 • AI & Tech Insights • 64 views

On March 24th, it was announced that Air Carbon Exchange (ACX) and StoneX Group agreed to cooperate on the US carbon trading market, which will become a part of the StoneX platform.

StoneX cooperates with ACX based on DLT for carbon trading

Carbon trading has gained a lot of attention in recent years as the world faces the challenges of climate change. The United States has joined the global effort by launching a carbon trading market, with Air Carbon Exchange (ACX) and StoneX Group initiating a partnership to promote this issue. This article details the details of this partnership and the implications of the carbon trading market.

What is Carbon Trading?

Carbon trading is a system for reducing greenhouse gas emissions in which an entity that lowers their emissions beyond the prescribed limit is given carbon credits that can be traded. This system incentivizes the reduction of greenhouse gases by offering a monetary value to the credits. The system is meant to encourage organizations to reduce their carbon footprint while also solving the environmental concerns caused by excessive carbon emissions.

The Partnership between Air Carbon Exchange and StoneX Group

On March 24th, Air Carbon Exchange (ACX) and StoneX Group announced their collaboration in establishing an efficient carbon trading market in the United States. The partnership will leverage StoneX’s extensive market knowledge and ACX’s experience in trading digital carbon credits. This joint effort is expected to bring benefits to the American economy, pave the way for international cooperation, and prove a valuable step towards addressing global climate change.

ACX: A Pioneer in the Digital Carbon Credit Market

Air Carbon Exchange (ACX) is a well-established digital carbon credit trading platform that originated in Singapore. It has created a platform that enables the buying and selling of carbon credits, which are generated by capturing carbon from the atmosphere and converting it into tokens that represent the carbon’s capture. The exchange has been a trailblazer in creating a transparent and fair market system for buying and selling carbon credits in Asia.

StoneX Group: A Securities and Futures Brokerage that Trades Commodities

StoneX Group is a US-based securities and futures broker that trades commodities in many markets worldwide. It is a leading participant in environmental commodity trading and provides services related to carbon markets: risk management, pricing, analytics, and structuring. StoneX is publicly traded and is listed on the NASDAQ (SNEX) and have experience across different markets such as energy, climate risk, and agricultural commodities.

Implications of ACX and StoneX Partnership

The inaugural cooperation between ACX and StoneX Group is a milestone for carbon trading in the United States. The partnership unites a leading digital carbon credit provider and one of the most respected commodity exchanges in the world. ACX brings a digital trading platform, while StoneX provides an exponential trading volume that enables numerous buyers and sellers to trade carbon credits. This is a massive step towards achieving a national carbon trading system in the United States that aligns with the worldwide market.
ACX and StoneX Group have established a bridge between economics, market ambitions, and environmental protection. The two entities’ collaboration contributes to society’s broader use of tradable carbon credits and the transformation of the economy into a more sustainable one.

Conclusion

In conclusion, the cooperation between Air Carbon Exchange (ACX) and StoneX Group will have a positive impact on the American carbon trading market. The partnership allows the number of participants in the market to grow, making it easier to buy and sell carbon credits. Moreover, the collaboration between ACX and StoneX Group allows standardisation of carbon trading and transparency of the transactions. This system will incentivize companies to reduce their carbon footprint and bring the parallel environmental and economic benefits from doing so.

FAQs

Q: What is the carbon credit system?
A: Carbon credits are tradable permits that allow the owner to emit a certain amount of carbon dioxide. The goal is to curb emissions and incentivize emissions reduction to meet global climate goals.
Q: What is carbon trading?
A: Carbon trading is the buying and selling of carbon allowances, designed to limit emissions of CO2 and greenhouse gases.
Q: How will the partnership between ACX and StoneX Group impact the US carbon trading market?
A: The collaboration will create a more efficient system, increasing the number of participants to buy and sell carbon credits while boosting transparency and creating a fair market.

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