Article Six

Government of Kenya Accelerates Towards Compliance Market with UAE's Blue Carbon under Article 6

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水曜日, 10月 25, 2023
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This FOC closely follows a groundbreaking partnership announcement between Blue Carbon and the Republic of Zimbabwe focused on the development of REDD+ projects, within an extensive land area of 7.5 million hectares and in compliance with the Article 6 ITMO framework.

Key Points: 
  • This FOC closely follows a groundbreaking partnership announcement between Blue Carbon and the Republic of Zimbabwe focused on the development of REDD+ projects, within an extensive land area of 7.5 million hectares and in compliance with the Article 6 ITMO framework.
  • This comes as Blue Carbon's parent company, Global Carbon Investments, has also agreed on securing a remarkable $1.5 billion in prefinancing for carbon credits in Zimbabwe.
  • Blue Carbon, in line with the ambitious drive of the UAE, has also recently signed MOUs with Liberia, Zambia, Tanzania, and Pakistan.
  • The FOC proposes the delivery of robust economic and social growth opportunities, fostering a harmonious balance between environmental conservation and human well-being.

Abaxx Provides Corporate Update

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金曜日, 9月 29, 2023
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TORONTO, Sept. 29, 2023 (GLOBE NEWSWIRE) -- Abaxx Technologies Inc. (NEO:ABXX)(OTCQX:ABXXF) (“Abaxx” or the “Company”), a financial software and market infrastructure company, majority shareholder of the Abaxx Commodity Exchange and Clearinghouse (“Abaxx Singapore”), and producer of the SmarterMarkets™ Podcast, summarizes development activities over the past quarter and the general progress of the Company’s business plans. Abaxx also announces that it completed a financing of approximately CAD $1,013,000 through the private placement of an unsecured convertible debenture of the Company with an existing shareholder. Further details of these updates are provided below.

Key Points: 
  • Strategic Financing: The strategic financing process for Abaxx Singapore is progressing, with an expected conclusion in early Q4.
  • Abaxx has signed non-binding term sheets as well as definitive agreements with corporate strategic investors, as previously disclosed on August 14th, 2023.
  • The following press release provides a detailed update on these developments.
  • First Tranche of Strategic Financing: Abaxx Singapore, consistent with its initiative for a US$20 million to US$35 million best efforts equity private placement of preferred shares (the “Preferred Shares”) of Abaxx Singapore (the “Offering”), has formalized an investment agreement with an initial corporate investor.

Abaxx Provides Corporate Update and Quarterly Development Activities

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水曜日, 8月 16, 2023
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TORONTO, Aug. 16, 2023 (GLOBE NEWSWIRE) -- Abaxx Technologies Inc. (NEO:ABXX)(OTCQX:ABXXF) (“Abaxx” or the “Company”), a financial software and market infrastructure company, majority shareholder of the Abaxx Commodity Exchange and Clearinghouse (“Abaxx Singapore”), and producer of the SmarterMarkets™ Podcast, summarizes development activities over the past quarter and the general progress of the Company’s business plans.

Key Points: 
  • Exchange Product Development: Abaxx Singapore is finalizing Stage 3 of its nickel-related product development — focused on industry, risk, and regulatory considerations.
  • Abaxx Group Development Company Base Carbon Delivers First Revenues to Abaxx Technologies: In Q2-2023, Abaxx achieved an important corporate milestone by recognizing first revenues on the Company’s 2.5% gross revenue royalty on Base Carbon sales, the first group revenue from an organic development project within Abaxx.
  • The Company plans to host a quarterly business update investor presentation, to provide a business update and respond to investor questions.
  • The Company invites current and prospective shareholders to attend this quarterly business update and Q&A session with the Abaxx executive team.

How 'constitutional county' declarations undermine the Constitution – a legal scholar explains

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木曜日, 6月 15, 2023
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Ottawa is not the first county in Michigan to declare itself a refuge from what its leaders say are anti- or unconstitutional actions undertaken by an overzealous state or federal authority.

Key Points: 
  • Ottawa is not the first county in Michigan to declare itself a refuge from what its leaders say are anti- or unconstitutional actions undertaken by an overzealous state or federal authority.
  • It is not clear how many there are, exactly, but there are also self-designated constitutional counties in Virginia, Texas, Nevada and New York.
  • But where Second Amendment sanctuaries aim to create havens for gun rights allegedly under siege, the constitutional county movement has a broader agenda.

Why constitutional counties are unconstitutional

    • This way of thinking is profoundly mistaken and undermines Americans’ collective commitment to constitutional democracy.
    • Declaring oneself a constitutional county undermines the authority of officials authorized to act under the Constitution.
    • In both scenarios, local authorities claim they are under no constitutional obligation to enforce, or to help state or federal officials enforce, laws and regulations that are, in their view, plainly unconstitutional.
    • On the other hand, if the point is simply to refuse to assist federal officials in enforcing federal law, then that probably is not unconstitutional.

Constitutional principles – or politics?

    • Among the constitutional liberties Ottawa County officials think are at risk is freedom of religion, which they say is threatened by state and federal diversity requirements in schools.
    • Professions of constitutional fidelity by constitutional county advocates are more often about politics than real concern for the Constitution.

Taking the Constitution seriously

    • It is tempting to applaud any effort by citizens to take the Constitution seriously.
    • A resolution that simply makes a symbolic claim about federal law or about what the Constitution truly means, and does not order authorities to ignore or violate federal law, does not itself violate the Constitution.
    • When it substitutes partisanship for discernment, and assertion for argument, the constitutional counties movement undermines the very Constitution it purports to honor.

The Nobel Sustainability Trust (NST) will inaugurate the World Sustainability Standards Organization

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月曜日, 5月 15, 2023
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STOCKHOLM, May 15, 2023 /PRNewswire/ -- The Nobel Sustainability Trust (NST) will inaugurate the World Sustainability Standards Organization (WSSO) in October 2023, in partnership with numerous governments and international organizations, NST Chairman Peter Nobel announced May 15.

Key Points: 
  • STOCKHOLM, May 15, 2023 /PRNewswire/ -- The Nobel Sustainability Trust (NST) will inaugurate the World Sustainability Standards Organization (WSSO) in October 2023, in partnership with numerous governments and international organizations, NST Chairman Peter Nobel announced May 15.
  • WSSO's mission, Mr. Nobel said, is to unify standards in sustainable development fields such as energy, carbon credit, green finance, the environmental industry, energy conservation, carbon neutrality-related technologies, and ESG.
  • In addition, WSSO will support the roll-out of the carbon market and other projects outlined in the Paris Agreement.
  • The first head of the Secretariat will be Dr. Bruno Wu, received in 2022 the first medal for Outstanding Contribution in Sustainability.

Establishment of the Paris Agreement Article 6 Implementation Partnership Center

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金曜日, 4月 28, 2023
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To expand the implementation of Article 6, it is necessary to build high-integrity carbon markets with increased private investment through international collaboration.

Key Points: 
  • To expand the implementation of Article 6, it is necessary to build high-integrity carbon markets with increased private investment through international collaboration.
  • In response, the “Paris Agreement Article 6 Implementation Partnership” was launched at COP27 by Japan.
  • As of 27 April, 2023, 66 countries and 32 institutions agreed to join the partnership, which demonstrates the growing commitment to the implementation of Article 6.
  • IGES will serve as the secretariat of the "Paris Agreement Article 6 Implementation Partnership Center" to support the development of institutional and governance frameworks, and capacity-building of government officials and related organisations under the Article 6 market mechanisms.

Sustainable investments are on the rise: does the EU have what it takes to fight greenwashing?

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水曜日, 4月 19, 2023
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Increased social awareness and pressure from shareholders in the investment fund industry have prompted sustainable funds to take off. The latter are particularly attractive to retail investors because they offer access to a wide range of assets and risk profiles. In recent years, however, this industry has had to contend with an increasingly competitive environment:This, in turn, has prompted the search for new management approaches and products.

Key Points: 


Increased social awareness and pressure from shareholders in the investment fund industry have prompted sustainable funds to take off. The latter are particularly attractive to retail investors because they offer access to a wide range of assets and risk profiles. In recent years, however, this industry has had to contend with an increasingly competitive environment:

  • This, in turn, has prompted the search for new management approaches and products.
  • One of the areas with the greatest growth has been that of sustainable investment funds with an ESG (environmental, social and governance) approach.

Possible greenwashing?

    • The press has recently reported possible cases of greenwashing that have eroded the sector’s reputation.
    • Another case with significant media coverage was the post published in August 2021 by Tariq Fancy, former director of sustainable investments for the BlackRock fund.

EU: leader in sustainability

    • One of the principles included in this taxonomy is to avoid causing significant harm: activities classified as sustainable must indeed avoid harming other objectives established in the standard.
    • In the framework of the European Green Deal, and oriented to the investment fund industry, the Sustainable Finance Disclosure Regulation (SFDR) was approved in November 2019.

Categorization of funds


    To give teeth to the legislation, management companies classify their investment funds into three articles:
    According to the latest report by the American financial services firm Morningstar, the most restrictive funds represented less than 5% of the total European investment funds at the end of the second quarter of 2022, compared to almost 45% of light green funds. The rest fell into the category of investment funds “without sustainability goals”.

Additional regulation

    • This suitability assessment evaluates the investor’s profile: financial situation, expected profitability, risk tolerance, knowledge, experience and investment time horizon.
    • On the other hand, failure to have any ESG products for show could push away potential clients.

Green and in the future

    • In June 2022, sustainable investment funds already accounted for more than 50% of the European market, although this growth has also been overshadowed by doubts and possible cases of greenwashing.
    • The fact is that this green model can become a key instrument to support the goal of achieving a more sustainable economy in the era of climate change.

ClimaFi is fighting greenwashing with the first platform for trading UK woodland and peatland carbon credits built on the Concordium blockchain

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金曜日, 2月 10, 2023
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ZUG, Switzerland and LONDON, Feb. 10, 2023 /PRNewswire/ -- UK-based climate technology company ClimaFi announces the first trading platform to offer carbon credits from verified UK peatlands and woodlands.

Key Points: 
  • ZUG, Switzerland and LONDON, Feb. 10, 2023 /PRNewswire/ -- UK-based climate technology company ClimaFi announces the first trading platform to offer carbon credits from verified UK peatlands and woodlands.
  • CLMT Exchange, a regenerative project built entirely on the Concordium decentralized blockchain, will allow enterprises and organizations to offset their emissions using domestic credits.
  • As concerns about climate change grow, many companies are taking steps to reduce their carbon footprint.
  • The partnership is set to begin immediately, with carbon credits being made available for trading on CLMT Exchange in Q2, 2023.

ClimaFi is fighting greenwashing with the first platform for trading UK woodland and peatland carbon credits built on the Concordium blockchain

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金曜日, 2月 10, 2023
Carbon, Organization, Grantham Research Institute on Climate Change and the Environment, Woodland Carbon Code, Climate change, Article Six, Forest, Blockchain, Pressure, Mire, Risk, Partnership, Blockchain-based database, Paris Agreement, Paris, Regeneration, Cryptocurrency, Alcott House, Earth

ZUG, Switzerland and LONDON, Feb. 10, 2023 /PRNewswire/ -- UK-based climate technology company ClimaFi announces the first trading platform to offer carbon credits from verified UK peatlands and woodlands.

Key Points: 
  • ZUG, Switzerland and LONDON, Feb. 10, 2023 /PRNewswire/ -- UK-based climate technology company ClimaFi announces the first trading platform to offer carbon credits from verified UK peatlands and woodlands.
  • CLMT Exchange, a regenerative project built entirely on the Concordium decentralized blockchain, will allow enterprises and organizations to offset their emissions using domestic credits.
  • As concerns about climate change grow, many companies are taking steps to reduce their carbon footprint.
  • The partnership is set to begin immediately, with carbon credits being made available for trading on CLMT Exchange in Q2, 2023.

Indonesian Criminal Code won't harm investment

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月曜日, 12月 12, 2022
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"The adultery article in the new Criminal Code that takes effect three years after its stipulation is an absolute criminal complaint.

Key Points: 
  • "The adultery article in the new Criminal Code that takes effect three years after its stipulation is an absolute criminal complaint.
  • Minister of Tourism and Creative Economy, Sandiaga Uno, has said he believes the newly passed Criminal Code (KUHP), specifically its provisions on live-in relationships, will not affect tourism and creative economy investment in Indonesia.
  • He underlined that the Criminal Code does not discriminate against women, children, and other minority groups, as well as the press.
  • According to Aries, it is also incorrect to say the Criminal Code legitimizes negative social attitudes towards adherents of minority beliefs.