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ACX Partners With the CT Group to Explore Joint Development of Carbon Credit Market in Vietnam
, said, " "
The proposed carbon credit trading platform will be powered by ACX's proprietary technology and will facilitate the transparent and efficient trading of carbon credits both domestically and internationally.
ACX and CCPTA believe that this collaboration will contribute significantly to Vietnam's efforts to meet its climate goals and promote sustainable development. By fostering a vibrant carbon credit market, the partnership aims to create a positive impact on the environment while providing economic benefits to businesses actively participating in carbon credit initiatives.
For many years, CT Group has been unwavering in its support of Vietnam's efforts to combat climate change through a comprehensive array of 12 impactful going Green programs with the CCTPA being one of these programs and an critically important tool to support all of Vietnam in its carbon reduction efforts. CCTPA is pleased to welcome ACX to Vietnam with their internationally award-winning platform, expertise, and governance supporting CCTPA internationalization.
outlined the national and global importance of CCTPA and ACX journey together, " "
ACX Group, including ACX Abu Dhabi (ACX Ltd) and AirCarbon Pte. Ltd., which operate environmental trading platforms in Abu Dhabi and Singapore respectively, caters to corporates, financial traders, carbon project developers and other industry stakeholders. ACX Group provides participants with an efficient and transparent trading platform that is user-friendly, seamless and offers the lowest transaction fees in the market. Leveraging distributed ledger technology, ACX facilitates and scales growth of the environmental product markets to align with global ambitions of achieving Net Zero.
ACX Group is proud to be a member of the International Emissions Trading Association (IETA) and the International Sustainability and Carbon Certification (ISCC), further enhancing its commitment to sustainability and responsible trading practices for carbon and other environmental products. ACX Group has garnered international recognition as the Best Carbon Exchange globally in Environmental Finance's esteemed Voluntary Carbon Market Rankings for three consecutive years (2021, 2022, 2023), solidifying its position as a leader in the industry.
Carbon Credit Trading Platform ASEAN (CCTPA) is the first enterprise in Vietnam to provide comprehensive advisory information to Vietnamese businesses, organizations, and individuals on how to develop carbon credit projects, register, verify, and confirm carbon credits, as well as exchange, compensate, and secure carbon credit loans, and apply carbon taxes regionally and globally.
CCTPA is also researching the implementation of Blockchain and Crypto solutions for the carbon market, ensuring secure and transparent transactions, and building trust among participants. This approach sets it apart as an innovative and distinct player in the field.
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