As Countdown for COP28 Gets Underway, Carbon Trading Goes Live in Abu Dhabi
ABU DHABI, UAE, Oct 26, 2023 - (ACN Newswire) - ACX (AirCarbon Exchange) proudly announces its exchange and clearing house in Abu Dhabi Global Market (ADGM), ACX Abu Dhabi, is live.
- ABU DHABI, UAE, Oct 26, 2023 - (ACN Newswire) - ACX (AirCarbon Exchange) proudly announces its exchange and clearing house in Abu Dhabi Global Market (ADGM), ACX Abu Dhabi, is live.
- ACX established its regional base in ADGM in August 2021 with the support of Hub71, Abu Dhabi's global tech ecosystem.
- The inaugural carbon credits trade on the fully regulated exchange was executed between First Abu Dhabi Bank (FAB) and specialist carbon trading company Helix Climate.
- Sameh Al Qubaisi, Group Head of Global Markets at First Abu Dhabi Bank, said, "We are delighted to execute the first trade on ACX Abu Dhabi.