'Zero Carbon EX platform' launched in Singapore

Officials of Zero Carbon Future Pte Ltd and Northwaters Capital Pte Ltd sign a custodian agreement of 2 million tonnes of VCS carbon assets to be managed on Zero Carbon EX platform, in Singapore, Nov 5, 2022. (PROVIDED TO CHINA DAILY)

HONG KONG – A platform that aims to be one to be the largest carbon trading platforms in the Asia-Pacific region was launched in Singapore on Saturday.

Zero Carbon EX platform, developed and operated by Singapore Zero Future Pte Ltd, will accelerate the globalization of Zero Carbon Future Pte Ltd to develop global business, contributing to the global warming mitigation work, according to a press release.

“Zero Carbon EX platform is a PaaS (Platform-as-a-Service) one-stop service platform, combing the carbon neutral related, carbon asset management business,” reads the press release. 

The platform provides carbon credit development, carbon asset custodian, carbon emission accounting, carbon neutrality consulting and other zero carbon products, contributing to the zero carbon actions, the release added. 

At the launching ceremony, Northwaters Capital Pte Ltd and Zero Carbon Future Pte Ltd signed a custodian agreement of 2 million tonnes of VCS carbon assets to be managed on Zero Carbon EX platform.

“Zero Carbon EX will build a new green financial ecology, reducing carbon asset market barriers to entry, enable more individuals, businesses and government to accept carbon neutral concept and configure carbon assets, by providing a safe and easy to use carbon asset account services for future,” said Dr Bangdao Chen, CEO of Zero Carbon Future Pte Ltd.

Speaking at the launching ceremony, Wu Guoliang, Chairman of the ASEAN Strategic Committee of China Carbon Neutral Group, said the Zero Carbon EX platform is expected to play a role in facilitating the development of Singapore's carbon services ecosystem by working with more international companies to use Singapore as a regional gateway for carbon services.