In 2022, Mubadala acquired a strategic stake in AirCarbon Exchange (ACX), the first fully regulated carbon trading exchange and carbon clearing house in Abu Dhabi. ACX is a global environmental commodities exchange which allows corporations to finance and trade such commodities in a similar way to conventional financial assets.
ACX is a Recognized Investment Exchange and a Recognized Clearing House in Abu Dhabi Global Markets (ADGM). This regulatory framework brings increased trust, integrity, and market structure to the voluntary carbon market, with rules supervised by the local Financial Services Regulatory Authority that ensure fair and orderly trading, real-time trade surveillance, full market transparency and price discovery, regulated spot carbon contracts, and real-time settlement.
Additionally, in January 2022, AirCarbon Exchange joined forces with the UN Framework Convention on Climate Change (UNFCCC) to promote the trade of carbon credits through UNFCCC Certified Emission Reductions (CERs). CERs are certificates issued by the UN to member nations which represent the prevention of one tonne of carbon dioxide emissions. This partnership allowed clients from 30 countries to purchase and retire CERs.
The partnership with AirCarbon Exchange is a continuation of Mubadala’s strategic and long-term support for the UAE's transition to clean energy and achieving net-zero emissions by 2050.
