ACX Group Inks Agreement to Further Develop the Voluntary Carbon Market in Japan

Japan’s Natural Capital Credit Consortium (NCCC) has signed a Memorandum of Understanding (MoU) with AirCarbon Exchange (ACX) to collaborate on accelerating Japanese companies’ decarbonisation strategy and expanding the current carbon ecosystem in Japan.

NCCC is a Japan-based alliance that brings companies, municipalities, and academic researchers together to revitalise Japan’s carbon credit market through the utilisation of its forests and other resources to create carbon credits.

The main objectives of the alliance are to create voluntary credits and develop carbon markets by advancing the implementation of tools and technologies contributing to faster and more efficient credit creation and resolving issues local agriculture, forestry, and other sectors are facing.

Professor Shunsuke Managi, Chair of the Natural Capital Credit Consortium, said: “This MOU outlines our plans to establish a new trading scheme for carbon farming, blue ocean industries, and infrastructure within Japan and internationally. In addition to existing markets, we aim to create a new framework for determining the most effective combination of technologies to reduce emissions.”

The partnership with the ACX carbon exchange platform will open up Japanese companies to ACX’s international client order book, allowing buyers and sellers, international and domestic, to transact efficiently and transparently.

Thomas McMahon, Co-Founder and Co-CEO of ACX Group, said: “We are honoured to be partnering with the Natural Capital Credit Consortium to further expand Japan’s voluntary carbon market. We look forward to collaborating with the NCCC in this important and timely initiative towards Net Zero.”

ACX operates a digital trading platform on which carbon and other environmental credits are made available for trading in the form of digital receipts. The exchange is fast expanding around the world and is involved in the development of carbon markets in the Middle East, Brazil, India, Indonesia as well as this latest expansion into Japan. ACX will shortly launch the first regulated carbon exchange in Abu Dhabi.

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