Climate Talks > UAE takes stake in AirCarbon Exchange to bolster VCM ambitions

UAE takes stake in AirCarbon Exchange to bolster VCM ambitions

Published 13:00 on November 16, 2022  /  Last updated at 15:07 on November 17, 2022  / Paddy Gourlay /  Climate Talks, International, Middle East, US, Voluntary

The United Arab Emirates (UAE) stepped up plans Wednesday to become a hub for voluntary carbon market (VCM) trading, after the country’s sovereign investment company, Mubadala, took a strategic 20% stake in the Singapore-based marketplace AirCarbon Exchange (ACX).
The United Arab Emirates (UAE) stepped up plans Wednesday to become a hub for voluntary carbon market (VCM) trading, after the country’s sovereign investment company, Mubadala, took a strategic 20% stake in the Singapore-based marketplace AirCarbon Exchange (ACX).


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