As Countdown for COP28 Gets Underway, Carbon Trading Goes Live in Abu Dhabi
ABU DHABI, UAE, Oct 26, 2023 – (ACN Newswire) – ACX (AirCarbon Exchange) proudly announces its exchange and clearing house in Abu Dhabi Global Market (ADGM), ACX Abu Dhabi, is live. Key trades have already been executed and settled on the platform, signifying the commencement of what is anticipated to be a burgeoning market for voluntary carbon markets (VCM).
ACX established its regional base in ADGM in August 2021 with the support of Hub71, Abu Dhabi’s global tech ecosystem. Hub71 is powered by Mubadala Investment Company PJSC (Mubadala), an Abu Dhabi sovereign investor. Mubadala invested in ACX in September 2022 as a strategic step in line with its economic diversification mandate and commitment to responsible investing.
In September 2022, ADGM, the international financial centre of the UAE’s capital that is established as a financial free zone, became the first jurisdiction to regulate voluntary carbon credits as financial instruments through the introduction of an Environmental Instrument classification, a regulatory framework to license exchanges and clearing houses for both spot and derivatives markets for these products.
In November 2022, ACX Abu Dhabi became the first entity to be licensed under this framework, being the world’s first regulated Recognised Investment Exchange and Recognised Clearing House offering Environmental Instruments in the form of carbon credits.
These regulatory licenses bolstered trust, security, and investor protection for the trading of carbon credits by mandating fair and orderly trading and real-time market surveillance, resulting in heightened market integrity, transparency and efficient price discovery. ACX strictly adheres to client asset segregation, regulatory capital and audit requirements.
With investment secured and regulatory licenses approved, ACX laid the groundwork to allow VCM participants, for the first time, to trade carbon credits and other environmental instruments under a capital markets regulatory framework.
The inaugural carbon credits trade on the fully regulated exchange was executed between First Abu Dhabi Bank (FAB) and specialist carbon trading company Helix Climate.
Sameh Al Qubaisi, Group Head of Global Markets at First Abu Dhabi Bank, said, “We are delighted to execute the first trade on ACX Abu Dhabi. As the UAE’s largest bank, we are keen to support the expansion and potential of carbon markets to provide price signals that can help companies reduce or remove their greenhouse gas emissions in the most efficient way.”
This follows a report launched by FAB in January 2023 that explored the possibilities to seize opportunities in carbon trading as a way to fight climate change while providing flexibility for businesses in how they reduce their environmental impact.
Simon Harman, founding partner of Helix Climate, said, “Helix Climate are proud to have transacted the first trade on ACX Abu Dhabi, the first fully regulated carbon exchange. We share ACX’s vision to grow liquidity, transparency and confidence in the voluntary carbon markets and look forward to transacting more volume on the exchange.”
Arvind Ramamurthy, Chief of Market Development at ADGM, said, “Last year, ADGM welcomed the introduction of ACX, the first regulated carbon credit trading exchange and clearing house in the world and today we are more than thrilled to witness its live launch. As we find ourselves in a critical time with the development of global carbon markets, this step marks a momentous milestone in the journey towards a thriving market for voluntary carbon markets. We look forward to seeing ACX take on a pivotal role in not just environmental instruments but also in other markets and financial instruments, including virtual asset markets.”
“This marks another important step in bringing carbon credits closer to the world of regulated commodities,” said ACX’s co-founder and co-CEO William Pazos. “ACX is proud to be the world’s first fully regulated spot carbon environmental exchange and clearing house. We are equally honoured to be recognised for our ability to innovate and trigger positive change in this critically important sector.”
Further enhancing its portfolio, ACX Abu Dhabi is also pleased to announce the first trade on its Carbon Market Board (CMB) – an electronic trading facility that allows participants to execute and settle over-the-counter transactions. The trade was concluded with South Pole, the world’s leading climate project developer and solutions provider.
“By providing a regulated environment for carbon credit trades, ACX is helping to build higher-integrity carbon markets: both buyers and sellers have more certainty thanks to the regulatory wrapper around the traded carbon credits and a marketplace that is scrutinised by an independent financial services authority. Trust will result in scale of climate action and impact, which is essential today,” said Abderrahman Kasmi, Executive Director for Procurement & Trading at South Pole.
Last month, ACX Group was awarded the best carbon exchange of 2023 by Environmental Finance. This is the third consecutive year that ACX wins this prestigious award, a valuable recognition of its ability to innovate and trigger positive change in this vital field.
Contact Information
Sun Jie-Ling, Marketing Manager, info@acx.net
Topic: Press release summary
Countdown to September 16 Carnival Celebration: Boys and Girls Clubs of Greater Redlands-Riverside Buzzing with Anticipation for Annual National Day for Kids
The Boys and Girls Clubs of the Greater Redlands-Riverside (BGCGRR) is thrilled to announce the upcoming Day for Kids event, celebrating children in our communities with a variety of fun activities. Day For Kids is a nationally recognized event that is a celebration of kids. In keeping with the annual tradition, this is a free fun-filled day for our youth and the entire community is invited.
The event is set to take place on Saturday, September 16 from 11 am to 2 pm at three separate locations including:
· In Redlands at The Dennis Hansberger Clubhouse, located at 1251 Clay Street, Redlands, CA 92374
· In Riverside at 4366 Bermuda Avenue, Riverside, CA 92507
· In San Bernardino at 3030 Del Rosa Avenue, San Bernardino, CA 92404
“The Day for Kids is truly heartwarming! Our whole community comes together to nurture kids through a variety of exciting activities,” said Michael Wells, CEO of Boys and Girls Clubs of Greater Redlands-Riverside. He continued, “When kids connect and thrive, they build self-worth and make wiser life choices.”
Alongside the scheduled events at the Redlands location, the American Red Cross will also be hosting a Blood Drive at the Dennis Hansberger Clubhouse, running from 9 am to 2 pm.
Sponsorship and Vendor Opportunities:
Join with leading sponsors and distinguished vendors such as Amazon, Prologis, Kiwanis Club of San Bernardino, Alta Vista Credit Union, Home Depot, IEHP and others to champion this important community event. Reach out to Brandy Weber, bweber@bcgie.org or call (909) 504.5618.
Supporting BGCGRR’s Mission:
BGCGRR’s mission is to enable all young people, especially those who need us most, to reach their full potential as productive, caring, responsible citizens.
To learn more about Day for Kids and BGCGRR’s mission, please visit http://begreatie.org
For media inquiries, interviews, sponsorship and partnership opportunities, please contact:
Lisa Pizzi
lpizzi@bgcie.org
909.649.3944
www.begreatie.org/
About Boys and Girls Club of the Greater Redlands-Riverside:
The Boys and Girls Club of the Greater Redlands-Riverside is a dynamic organization dedicated to enabling all young people, especially those who need us most, to reach their full potential as productive, caring, responsible citizens. Through innovative programs and a supportive community, BGCGRR empowers youth to thrive academically, socially, and emotionally.
Website:
https://www.begreatie.org
Social Media:
https://www.facebook.com/BeGreatIE
https://www.instagram.com/begreatie/
Boys and Girls Clubs of Greater Redlands-Riverside
Lisa Pizzi
909-798-4599
https://www.begreatie.org/
Contact
Categories
- Philanthropy & Non-profit
Canada – Countdown to the 150th anniversary of the signing of Treaty No. 1 Begins
Treaty One Nation, Treaty Relations Commission, and Parks Canada begin virtual campaign leading up to August 3rd Commemoration.
Treaty One Nation, Treaty Relations Commission, and Parks Canada begin virtual campaign leading up to August 3rd Commemoration
June 20, 2021 Treaty No. 1 Territory, St. Andrews, MB
Today, the Treaty One Nation, in partnership with Parks Canada and the Treaty Relations Commission of Manitoba, are launching the six-week countdown to the 150th Anniversary of the making of Treaty No. 1 on August 3, 2021.
This virtual campaign kicks off with commemorative videos and a six-part series in the Winnipeg Free Press with weekly articles penned by Treaty One Nation community members. The aim is for Treaty One Nation Elders, leadership and youth to share various aspects of the beautiful Anishinaabe culture and traditions, highlights from each of the seven Treaty One communities, as well as the significance of the Treaty signed on August 3, 1871 between the Crown and our respective Nations.
As in years past, a small in-person gathering to mark the occasion will take place at Lower Fort Garry on August 3rd, pending provincial health restrictions. After an early morning pipe ceremony, the Oyate Techa Riders will perform an honour ride on horseback through the grounds to usher in the flags and eagle staffs of each of the seven Treaty One Nations. A formal commemoration and flag raising, followed by opening remarks by First Nations and government leadership, will be offered to guests and dignitaries. Visitors will also be able to view a curated exhibit that includes the sacred pipes from the original ceremonies, a Treaty No. 1 document replica, and other important historical items from the events leading up to the August 3, 1871 signing. Activities will then shift to Naawi-Oodena (former Kapyong site) in Winnipeg, with more details to come as planning continues.
The countdown clock, along with a list of events and activities related to Treaty 1 – 150 can be found on the Treaty One Nation website and we encourage people to follow #TreatyOne150 on Instagram and Facebook. Further details regarding restrictions and health protocols related to the August 3rd gathering will be shared as local restrictions become known.
With the countdown to Treaty 1 – 150 now underway, Parks Canada continues to work closely with Treaty One Nation to advance reconciliation efforts, including increasing Indigenous history and perspectives at Lower Fort Garry and other Parks Canada places. Treaties remain critical agreements that guide the relationship between the Government of Canada and First Nations in Western Canada.
Lower Fort Garry National Historic Site was the location where Treaty No. 1 was negotiated in 1871. This treaty was the first of the 11 numbered treaties that helped establish Western Canada. Treaty No.1 one was made with the understanding that the Treaty would be in place for “as long as the sun shines, the grass grows and the river flows”.
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“On behalf of the Treaty Relations Commission of Manitoba I encourage everyone to acknowledge and reflect upon the Treaties that were entered 150 years ago and ask that we honour the treaties by learning about their spirit and intent and work together to implement them today so we may all benefit from the treaty relationship.”
Loretta Ross,
Treaty Commissioner, Treaty Relations Commission of Manitoba
“The Government of Canada is committed to reconciliation and renewed relationships with Indigenous peoples, based on a recognition of rights, respect, co-operation and partnership. The 150th anniversary of the making of Treaty No. 1 between the Anishinaabe and Muskegon Cree peoples and the Government of Canada is an opportunity to pause and remember the historical significance of that meeting. It is also an opportunity to reflect on how we can build a stronger Nation-to-Nation relationship going forward.”
The Honourable Jonathan Wilkinson,
Minister of the Environment and Climate Change and Minister responsible for Parks Canada
“As the 150th anniversary of the signing of Treaty No. 1 at Lower Fort Garry National Historic Site nears, all Canadians are encouraged to join in for this virtual countdown. Throughout the summer, may we all enjoy the commemorative activities, leading up to and on the anniversary date of August 3, 2021, as this important historic event is celebrated through storytelling, cultural teachings and educational activities. The government is proud to continue working closely with the Treaty One Nations to advance reconciliation efforts, while working to increase Indigenous presence at Lower Fort Garry and other Parks Canada administered places.”
Terry Duguid,
Parliamentary Secretary to the Minister of Economic Development and Official Languages (Western Economic Diversification Canada) and to the Minister of Environment and Climate Change (Canada Water Agency)
Treaty No. 1 was made on August 3, 1871, between the Anishinaabe and Muskegon Cree peoples and the Government of Canada.
The seven First Nations that are represented by Treaty One Nation are: Peguis First Nation, Sagkeeng First Nation, Brokenhead Ojibway Nation, Roseau River Anishinaabe First Nation, Long Plain First Nation, Sandy Bay Ojibway First Nation and Swan Lake First Nation.
On August 3, 2017, the Treaty No. 1 Legacy Flag Installation was unveiled at Lower Fort Garry to honour the creation of Treaty No. 1 and highlight the connection of the Treaty One Nation to the national historic site. This permanent feature includes each First Nation’s flag, as well as the Canadian flag and the Union Jack. The Legacy Flag Installation is located in an area just outside the Fort’s stone walls and is open for free public viewing year-round.
The health and safety of visitors, employees and all Canadians is of utmost importance. Parks Canada is following the advice and guidance of public health experts in resuming visitor access and services. Visitors should follow the advice of public health experts, including necessary hygiene practices and physical distancing of two metres from others, as well as observe travel restrictions.
The Parks Canada website provides detailed information on what locations are open, what visitors can expect, how to prepare for a visit and what services may be available. Visitors are asked to plan ahead by checking the Parks Canada website before they travel.
Blair Strong
Communications Coordinator
Treaty One Nation
204-770-0273
bstrong@treaty1.ca
Jodi Duhard
Public Relations and Communications Officer
Parks Canada
431-996-6758
jodi.duhard@canada.ca
Jim Compton
Communications
Treaty Relations Commission of Manitoba
204-782-5191
communications@trcm.ca
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