HSBC, Barclays, NatWest join Prince of Wales net zero banking task force
Prince Charles has launched the Terra Carta with a short film | Credit: Sustainable Markets Initiative
Executives from likes of Bank of America, BNP Paribas, Macquarie, Lloyds, and Citi also join effort to develop credible pathway to deliver a net zero banking sector
CEOs from a raft of the world s largest banks have joined together in a new task force convened by the Prince of Wales to work on meaningful and actionable plans to accelerate the world s transition to.
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Abaxx advances ESG and carbon markets strategy by leading Series A Financing in AirCarbon Exchange
February 11, 2021 08:00 ET | Source: Abaxx Technologies Inc. Abaxx Technologies Inc.
TORONTO, Feb. 11, 2021 (GLOBE NEWSWIRE)
Abaxx Technologies Inc., (ABXX:NEO) (“Abaxx” or the “Company”), a financial software company, majority shareholder of
Abaxx Singapore Pte. Ltd., the Abaxx Commodity Exchange (“AEX”), and producer of the
SmarterMarkets™ Podcast, is making a strategic investment in AirCarbon Pte. Ltd. Singapore (“AirCarbon” or “ACX”). A Letter of Intent (“LOI”) was signed between Abaxx and AirCarbon to develop and license software services and explore commodity futures market related services as AirCarbon advances standardized contracts for carbon offset markets.
Derivatives exchange operator CME Group will launch a futures contract to provide customers with a market-based solution to manage global emissions risk. The Global Emissions Offset (GEO) contract will start trading on March 1.
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In the dynamic world of oil and liquefied natural gas (LNG) trading, one of the hottest new products is the carbon-neutral transaction. Designed to make oil and LNG more competitive environmentally with renewable energy in response to environmental, social and corporate governance (ESG) pressures, climate change and the decarbonization megatrend, carbon-neutral oil and carbon-neutral LNG provide for the offset of the greenhouse gas (GHG) emissions associated with a defined set of oil or LNG activities. A carbon-neutral oil or LNG transaction is effected through terms in the underlying transaction documents that govern the sourcing, purchase and retirement of carbon credits as offset units (COUs).