ADM Capital Climate, Allinfra, and Ultimate Carbon have launched 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 certificate that are digitally enhanced and originated in Asia. To do so, ACEP will leverage the project development, technology, carbon and investment management capabilities of the partners and will be seeded with a $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. ADM Capital Climate will be responsible for investment management drawing on 25 years of ADM Capital’s investing across the region.
“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.”
