AirCarbon Exchange to host world’s first micromobility carbon credits auction

April 08, 2022, Brazil & Singapore –

AirCarbon Exchange (ACX) will be hosting, later this month, the world’s first micromobility carbon credits auction, in collaboration with Bolsa Verde Rio, Tembici, BlockC and ZCO2.

“We are honoured to be hosting the initial auction with the City of Rio, Tembici and BlockC,” said ACX’s Co-Founder & Managing Director William Pazos. “It opens a new frontier and allows for the true internationalization of ACX.”

 

The initiative is part of Rio de Janeiro-based Bolsa Verde, a municipality project which seeks to transform the city into a green investment hub. It will see Tembici, a leader in micromobility technology, as the first active mobility company in the world to make carbon credits available for auction in this segment.

 

“Today is a historical day. We want Rio to have a sustainable economic development drive and, for that, we are supporting the stakeholders who are involved with sustainability,” said Rio's Secretary of Economic Development, Innovation and Simplification Chicão Bulhões during the announcement at the Museu de Arte do Rio (MAR) on 30 March 2022. “Our role as a government is to simplify the system and make the population understand that small changes can help fight global warming... We now have the chance to rethink mobility in the city and embrace new opportunities.”

 

Bike Itaú, a bike sharing system managed by Tembici, and sponsored by Itaú Unibanco Bank, has been deploying programs to reduce traffic and improve transport conditions, in famously hectic Rio de Janeiro, for the past 10 years.

 

“Our carbon credits have a great differential because they are generated in the urban environment and in a collaborative way. Therefore, for the auction, we are partnering with organizations that understand the relevance of the subject, believe in the value of green initiatives and take urgent action to safeguard our plant,” said Tembici’s CFO, Leandro Fariello.

 

This innovative type of carbon credits will be issued using the AMS-III.BM calculation methodology developed by the UNFCCC (United Nations Framework Convention on Climate Change). The credits generated by Tembici were calculated by BlockC and ZCO2.

 

“Rio de Janeiro is a strategic location for the auction because it hosts a large number of companies in the so-called ‘hard to abate’ sectors, such as oil & gas and mining,” explained BlockC CEO, Carlos Martins. “These companies need transparent pricing and liquidity to eventually be able to offset their emissions by acquiring carbon credits.”

 

Any company can participate in the auction by bidding to acquire the carbon credits on offer. Firms interested in taking part, must register on the ACX platform to bid.

 

 

Webinar with more details about the auction

For more detailed information on the carbon credits auction process and for any other questions, companies can join a webinar which will be held by Tembici and ACX, on April 13th. To take part, please email: esg@tembici.com

 

BACKGROUND

In 2021, CO2 emissions reached their highest level since records began. The scenarios estimated by international organizations are becoming increasingly worrying and irreversible, and highlight the urgent need to quickly reduce the amount of carbon released into the atmosphere.

The carbon market is instrumental to achieving this goal.

It represents a tangible way to help reverse the environmental damage and fight the causes of climate change and it empowers companies and governments to make a difference. It also helps to finance new technologies that foster the transition to a low carbon economy.

The Rio de Janeiro Municipality plans to transform the city into a sustainability investment hub through actions aimed at launching a green stock exchange.

About AirCarbon Pte. Ltd.

AirCarbon Exchange ("ACX") is a global exchange revolutionizing the voluntary carbon market. The Exchange’s client base comprises corporate entities, financial traders, carbon project developers and other industry stakeholders. ACX provides its clients with an efficient and transparent trading platform which is easy to use, frictionless and with the lowest commission fees available on the market. Its underlying technology will allow the carbon market to scale efficiently to meet global ambitions of Net Zero.

Launched in 2019, the Exchange is a hybrid platform with a traditional central order book architecture that will be familiar to all experienced traders. The Exchange also utilizes the speed and efficiency of the blockchain to achieve atomic T-0 trade execution, clearing and settlement. The Exchange’s core matching engine can currently match trades in the order ~10k per second.

As of May 2021, ACX is the world’s first carbon negative exchange, having offset its carbon emissions 12 months into the future (to May 2022) through the Onil Stoves Guatemala Uspantan project. ACX is committed to continuing to offset all of its emissions 12 months forward.

For more information or to trade carbon, please reach out to info@AirCarbon.co or visit https://www.aircarbon.co.

About Tembici

Tembici is the leading micromobility company in Latin America, responsible for more than 60 million trips by bicycle in the main Brazilian cities, including Rio de Janeiro, São Paulo, Salvador, Recife, Porto Alegre and Brasília as well as in Santiago, Chile, and Buenos Aires, Argentina. It was named as one of the most promising and innovative startups in the country, in the list of the 100 Startups to Watch 2020 and 2021 and featured in the Mobility category in the “Best of ESG 2021”, by Exame. Over the last few years, the company has boosted growth of the micromobility sector.

Press information: Imprensa@tembici.com / ariane@vcrpbrasil.com

 

About BlockC

BlockC is a blockchain-based platform, with over 20 years’ experience in GHGs and environmental assets, which helps to transform carbon reduction into business opportunities. It offers an integrated solution for organizations that are conscious of the impact of climate change and want to engage and help transition to a low carbon economy.

It provides reliability, transparency and effectiveness to the decarbonization process through the use of disruptive technologies, such as Blockchain and Data Analytics. For more information, please visit: www.blockc.com.br

About ZCO2

ZCO2 is an innovative coalition for environmentally-conscious individuals and companies engaged. It promotes responsible consumption and seeks to fight the causes of climate change, through tokens backed by carbon credits, transacted into digital wallets and inserted on a relationship platform. For more information, please visit: www.zco2.com.br

For media enquiries, please contact:

AirCarbon Exchange:

Sun Jie-Ling

Email: info@aircarbon.co

Telephone: +65 8168 4248