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SINGAPORE, July 25, 2021 /PRNewswire/ Cyberdyne Tech Exchange (CTX) said today that its digital exchange will soon debut cross-border trading of its proprietary Carbon Neutrality Tokens (CNTs) to be backed by the carbon credits of China, the world s largest carbon market.
CTX has signed Memoranda of Understanding (MOU) with three Chinese entities to issue and facilitate the issuance of CNTs backed by carbon credits, green infrastructure and real estate projects and insurance products, packaged as Collective Investment Schemes under Singapore s regulatory regime.
CNTs, patent pending, are digital representations of one ton of carbon credits. The latter are tradeable certificates that allow its holder to emit one ton of carbon dioxide or other greenhouse gases. Companies with any unneeded credits may sell them to others that need them; or they can pay for green projects elsewhere to offset their own e
SINGAPORE, July 25, 2021 /PRNewswire/ Cyberdyne Tech Exchange (CTX) said today that its digital exchange will soon debut cross-border trading of its proprietary Carbon Neutrality Tokens (CNTs) to be backed by the carbon credits of China, the world’s largest carbon market.
CTX has signed Memoranda of Understanding (MOU) with three Chinese entities to issue and facilitate the issuance of CNTs backed by carbon credits, green infrastructure and real estate projects and insurance products, packaged as Collective Investment Schemes under Singapore’s regulatory regime.
CNTs, patent pending, are digital representations of one ton of carbon credits. The latter are tradeable certificates that allow its holder to emit one ton of carbon dioxide or other greenhouse gases. Companies with any unneeded credits may sell them to others that need them; or they can pay for green projects elsewhere to offset their own emissions.
Singapore-Based Cyberdyne Exchange to Debut China Carbon Credit-Backed Tokens caixinglobal.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from caixinglobal.com Daily Mail and Mail on Sunday newspapers.
vulnerable countries as they pursue cleaner economic growth. in short, this agreement will mean less of the carbon pollution that threatens our planet and more of the jobs and economic growth driven by low carbon investment. full implementation of this agreement will help delay or avoid some of the worst consequences of climate change and will pave the way for even more progress in successive stages over the coming years. moreover, this agreement sends a powerful signal that the world is firmly committed to a low carbon future. and that has the potential to unleash investment and innovation in clean energy at a scale we ve never seen before. the targets we ve set are bold and by empowering businesses, scientists, engineers, workers and the private sector, investors, to work together, this agreement represents the best chance we ve had to save
in short, this agreement will mean less of the carbon pollution that threatens our planet and more of the jobs and economic growth driven by low carbon investment. full implementation of this agreement will help dlelay or avoid climate change and pave the way for even more progress and successive stages over the coming years. moreover, this agreement sends a powerful signal that the world is firmly committed to a low-carbon future, and that has the potential to unleash investment and innovation in clean energy at a scale we have never seen before. the targets we ve set are bold and by empowering businesses, scientists, engineers, workers, and the private sector, investors, to work together, this agreement represents the best chance we ve had to save the one planet that we ve got.