Game-Changing Announcement at Davos WEF: ZERO13 and XTCC Unveil $100B Climate Finance for Net Zero Future!

"ZERO13 and XTCC Collaborate to Attract $100bn Investment for High-Integrity Carbon Credits"

ZERO13, the award-winning initiative that provides a digital climate fintech platform-as-a-service, has partnered with XTCC to attract $100 billion in capital market investment into high-integrity carbon credits. The aim of this partnership is to address the multi-trillion dollar annual climate financing gap. ZERO13 is an AI and blockchain-driven international carbon exchange, registry, and aggregation hub created by London-based GMEX Group. XTCC, on the other hand, is the world’s first exchange-traded investment products for high-integrity carbon credits, focusing on renewable energy and regenerative agriculture projects that contribute to the drive for net zero.

The announcement of this partnership was made at the World Economic Forum’s Futur.IO Davos Executive Reception. The partners presented the details of the Statement of Accord, which includes their approach to current carbon market issues, a call to action, and the methodology to achieve their goals. The World Economic Forum emphasizes the need for $4-5 trillion in clean energy investments annually by 2030 in order to prevent a climate disaster. So far, the majority of investment has gone towards renewable power since 2015.

Signatories of the Accord are committed to enhancing the integrity and credibility of carbon credits. Their goal is to establish an economic model that rebuilds trust in the carbon credit market and increases liquidity. ZERO13 and XTCC encourage stakeholders throughout the climate value chain to invest in digitally verifiable, high-integrity carbon credits. The investment aims to drive community development and economic progress in the Global South and emerging nations, empowering others to initiate and drive change within the carbon credit industry. The Accord serves as a financial and digital gateway for project funders and investors seeking returns, and the initiative is being carried out in collaboration with various climate ecosystem partners.

By boosting liquidity through capital markets, ZERO13 and XTCC aim to create more opportunities to mobilize capital and fund projects. Currently, the organizations are involved in over $1 billion worth of bankable projects in multiple countries, including India, Brazil, Kenya, Rwanda, Seychelles, and South Africa. The African region, in particular, has been ramping up its efforts in the carbon trading space, with Kenya leading carbon credit generation in the region, contributing over 20% of the continent’s volume over the past five years.

At the COP28 climate summit, the ‘Africa Green Industrialisation Initiative’ aimed at accelerating Africa’s green industrialization, co-hosted by Kenya and the UAE, saw the participation of African Heads of State and key figures from green developers, industry, multilateral development banks, and global institutions. The partnership between ZERO13’s digital carbon climate market infrastructure ecosystem and XTCC’s exchange-listed investment products establishes trust in carbon markets and provides a platform to meet the anticipated growth in the demand for high-integrity carbon credits.

In addition, ZERO13 and XTCC facilitate the distribution of high-integrity regenerative agriculture and renewable energy projects in capital markets, generating carbon credits with complete digitally verified provenance. This collaboration sets a precedent in climate markets by blending private climate financing with large-scale capital from public markets. Hirander Misra, Chairman and CEO of GMEX Group and ZERO13, emphasized the importance of their initiative, stating that it enables them to scale climate finance across multiple APIs and blockchains, benefiting countries, corporations, and communities.

Professor Lisa Wilson, MD of XTCC, highlighted that the partnership between XTCC and ZERO13 goes beyond infrastructure and investment. The Accord represents a critical pledge with the full commitment of all stakeholders to a sustainable net zero future. Investing in high-integrity carbon credits has the potential to stimulate carbon reduction initiatives and play a crucial role in achieving net zero targets. Together, ZERO13 and XTCC have established the foundations for a full end-to-end trusted ecosystem for high-integrity carbon credits, removing obstacles and allowing investment to flow freely with full investor confidence.

Matt Lyons

Matt Lyons

Matt Lyons is the founder of Forestry & Carbon. Matt has over 25 years as a forestry consultant and is invoilved in numerous carbon credit offset projects.

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