NovaFori To Provide Online Marketplace Technology For Climate Impact X (CIX), Scaling The Carbon Market To Tackle Global Climate Change
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
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