PR91784

LONDON, Sept. 20, 2021 /PRNewswire=KYODO JBN/ --

- London-based B2B marketplace specialist NovaFori has been selected as the

technology partner for Climate Impact X to provide global access in the

purchase of trusted carbon credits.

- Partnership is in line with NovaFori's commitment to provide marketplace

technology to develop new digital markets and tackle climate change.

- The platform will integrate NovaFori's proven marketplace technology with

transparent environmental impact, risk, and pricing data from market leading

partners in the carbon credit space.

NovaFori has today announced that it has been appointed as a technology partner

by Climate Impact X (CIX), a global carbon exchange and marketplace to be

established by DBS, SGX, Standard Chartered and Temasek.

NovaFori will support CIX in building the Project Marketplace, which will cater

to a broad range of corporate buyers looking to buy from a curated selection of

premium carbon credit projects.

The platform will integrate NovaFori's proven marketplace technology with

transparent environmental impact, risk, and pricing data from market leading

partners in the carbon credit space. The marketplace will showcase verified

high-quality carbon reduction and prevention projects and deliver an impactful

solution for the voluntary carbon market. NovaFori is well positioned to

back CIX's long-term growth strategy, within natural climate solutions and

beyond, by enhancing technical functionality and capacity effectively.

Value in the partnership between NovaFori and CIX lies in driving marketplace

adoption, uniting buyers and sellers to concentrate demand and optimise supply,

significant steps towards successfully scaling the carbon market.

Garry Jones, CEO of NovaFori, commented: "This partnership ensures the

development of an impactful marketplace, fostering unprecedented transparency

within the carbon market and creating a hub for new sustainable development

projects to evolve. Together, NovaFori and Climate Impact X will build a

solution for corporations to further their ESG agendas, driving demand to reach

Net Zero."

Mikkel Larsen, Interim CEO of Climate Impact X, added: "NovaFori is an

important technology partner, providing expertise on marketplace design and

technology. Uniting buyers and sellers on CIX's world-class platform of trusted

carbon credits will drive demand and optimise supply, paving the way for an

effective scaling of the voluntary carbon market. CIX looks forward to building

a transparent marketplace that will drive the global economy's transition

towards carbon neutrality by 2050."

Source: NovaFori