Air Carbon Exchange and StoneX Group Agree to Cooperate on US Carbon Trading Market

03/24/2023 04:19 • Blockchain Buzz • 135 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

Introduction

The world is becoming increasingly aware of the need to take action against climate change. One such action is to reduce the amount of carbon emissions released into the atmosphere. To accomplish this, carbon trading has gained popularity as a way to incentivize companies to reduce their carbon emissions. In the latest development, Air Carbon Exchange (ACX) and StoneX Group have agreed to cooperate on the US carbon trading market, which will become a part of the StoneX platform. This article will discuss what the agreement entails and what it means for the carbon trading market.

What is Air Carbon Exchange?

Air Carbon Exchange (ACX) is a start-up that has developed a blockchain-based platform for trading carbon credits. The platform uses smart contracts to enable companies to buy and sell carbon credits in a secure and transparent manner. ACX aims to bring transparency and efficiency to the carbon credit trading market.

What is StoneX Group?

StoneX Group is a leading financial services company that offers a wide range of trading and investment services. The company offers trading in commodities, currencies, and securities, and also provides investment banking services. StoneX Group has a global reach and is well-known for its expertise in the commodity markets.

What is the US Carbon Trading Market?

The US carbon trading market is a market for buying and selling carbon credits. It operates under the Clean Air Act, which allows companies to trade carbon credits as a way to offset their carbon emissions. The market is regulated by the Environmental Protection Agency (EPA) and is an important tool for reducing carbon emissions in the US.

What does the Agreement Entail?

The agreement between ACX and StoneX Group will allow StoneX Group to offer carbon credits trading on its platform. This will enable StoneX Group’s clients to buy and sell carbon credits on a secure and efficient platform. ACX will provide the technology and expertise to enable StoneX Group to offer this service.

What Does It Mean for the Carbon Trading Market?

The agreement between ACX and StoneX Group is a significant development for the carbon trading market. It will bring together the expertise of two leading companies in their respective fields to create a more efficient and transparent carbon trading platform. This is expected to increase the liquidity of the market and make it more accessible to a wider range of investors.

Conclusion

The agreement between Air Carbon Exchange and StoneX Group is a significant development for the carbon trading market. It will enable StoneX Group to offer carbon credits trading on its platform, making the market more accessible and transparent. The cooperation between ACX and StoneX Group is a positive step towards reducing carbon emissions and combating climate change.

FAQs

**1. What are carbon credits?**
Carbon credits are tradable permits that allow companies to emit a certain amount of carbon dioxide or other greenhouse gases. They can be bought and sold in a carbon trading market.
**2. How does carbon trading help reduce carbon emissions?**
Carbon trading creates an economic incentive for companies to reduce their carbon emissions. Companies that emit less than their allocated amount of carbon can sell their excess credits to companies that emit more than their allocated amount.
**3. Will the agreement between ACX and StoneX Group have an impact on climate change?**
The agreement is a small step towards reducing carbon emissions. However, it is an important step in creating a more efficient and transparent carbon trading market, which can incentivize companies to reduce their carbon emissions.

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