Mocha Company, a pioneering force in sustainable solutions, has announced a groundbreaking partnership with CRX Carbon Bank, a global leader in carbon finance based in Singapore. This strategic collaboration aims to lead transactions in Verified Carbon Units (VCU) and is set to revolutionize the Voluntary Carbon Market (VCM).
The partnership comes as Mocha Company pursues registration with Verra, the world’s largest voluntary carbon credit issuance NGO based in the United States. This initiative focuses on the GHG emission reduction project utilizing electric vehicle charging systems, known as HIVE EV Charging Project.
CRX Carbon Bank specializing in investments and transactions related to the Clean development Mechanism (CDM) and the Voluntary Carbon Market (VCM), brings unparalleled expertise to this collaboration.
The global carbon market is currently delineated into the Compliance Carbon market (CCM) and the Voluntary Carbon Market (VCM). The former involves regulated entities with obligations to mitigate carbon footprints, engaging in buying and selling of Certified Emission Reductions(CERs). Meanwhile, the Voluntary Carbon Market (VCM) sees entities such as non-regulated businesses, institutions, and organizations trade voluntary carbon credits obtained through voluntary GHG emission reduction activities.
Mocha Company is embarking on a grouped project to establish an open carbon reduction
business platform, targeting the Voluntary Carbon Market (VCM) specifically for global charge point operators. Over 10 companies from both domestic and international sectors are
participating in this initiative. The recent contract between Mocha Company and CRX Carbon Bank is not only securing a supply of tech-based high-quality VCUs but also for establishing a global network for VCU transactions. Peter Ha, the CEO of Mocha Company, expressed optimism, stating, “ With the strengthening of environmental regulations worldwide and the increased awareness of ESG among investors, the Voluntary Carbon Market (VCM) is expected to show steady growth.”
This strategic partnership signifies a significant stride towards advancing sustainable practices and contributing a global carbon reduction efforts in the evolving landscape of carbon finance.
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