ADM Capital Climate, Allinfra and Ultimate Carbon have announced the launch of the Asia Carbon and Environmental Products (ACEP) Warehouse and Think Tank.
The ACEP Warehouse and Think Tank will focus on the creation of a portfolio of high-quality and high-integrity environmental financial products, such as carbon credits or renewable energy certificates, which are digitally enhanced and originating from Asia. To do so, ACEP will leverage the project development, technology, carbon and investment manager capabilities of the Partners and will be seeded with a USD $10 million warehouse facility as a proof-of-concept.
The venture aims to catalyse increased development and investment in voluntary carbon markets in Asia, broadening access to finance for projects that are positioned to deliver measurable impact in terms of high-quality greenhouse gas mitigation outcomes, carbon credits and other ESG benefits. ACEP will help meet the rapidly growing demand for verified environmental financial products in a manner that leverages technology to bring increased transparency and more effective allocation of environmental claims with tradeable digital assets.
ACEP will achieve its goals through two means. Its warehouse facility will bring much needed and early development capital to qualified assets. ACEP currently has proprietary access to projects that will deliver quality carbon credits in the millions of tonnes per annum. Through its Think Tank, ACEP will contribute to the market a deeper understanding of how existing and emerging technologies can assist in generating and allocating cost-effective, high-integrity environmental financial products.
ADM Capital Climate will be responsible for investment management drawing on 25 years of ADM Capital’s investing across the region. Allinfra is the developer of Allinfra Climate, a sustainability data management software that collects verifiable, auditable climate-relevant information across an organisation’s portfolio of assets, enabling the creation of high-quality digital environmental financial products. Ultimate Carbon will leverage its experience in project development and environmental asset creation across Asia and will lead origination and execution.
“Private capital is essential to delivering net zero. Innovation in carbon and other environmental assets continues to act as a catalyst to draw in critical new funding,” said Chris Botsford, Co-Founder of ADM Capital. “The objective of this Think Tank is to accelerate carbon credit development, quality and access. The warehouse will act as a practical base to test and move ideas forward. We are delighted to be teaming up with such outstanding partners on this exciting project.”
“We’re honoured to be working with the Asia-Pacific environmental asset veterans at Ultimate Carbon and ADM Capital Climate”, said Bill Kentrup, Head of Origination at Allinfra, a ConsenSys and Nomura-backed venture. “We’re excited to bring to the table technology that enables remote and continuous data feed direct from the financed assets, in turn allowing for highly predictable delivery, reduced cost and timing for measurement, reporting and verification, and precise allocation of credits or claims through tradeable digital assets.”
Steven Zwaan, Co-Founder of and CEO at Ultimate Carbon said, “We are proud to be partnering with Allinfra and ADM Capital Climate to bring this new platform together and look forward to accelerating development and investment in the Asian voluntary carbon markets.”
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