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Blockchain & Crypto

Blockchain Exchange Net Zero-X Launches to Tackle Financing Gap for Climate Projects

Singapore-based blockchain exchange for impact investors Net Zero-X aims to support financing vetted green, clean, and climate tech projects.

Blockchain Exchange Net Zero-X Launches to Tackle Financing Gap for Climate Projects

Net Zero-X, launches on Tuesday to tackle the financing gap for projects focused on achieving net zero goals, addressing climate change, and supporting the global transition to sustainable energy.

The blockchain exchange is supported by its blockchain B2B SaaS technology partner Chintai. Chintai Network Services is regulated by the Monetary Authority of Singapore (MAS), having a license for dealing in capital markets.

Net Zero-X services will be available to institutional and accredited investors. At present, the exchange has already identified 60 sustainability projects seeking investment. However, the company has ambitious plans to onboard many more – 500 projects within the next five years.

The exchange notes that, by some estimations, climate finance requires about $6.2 trillion annually until 2030, and around $7.3 trillion after that. That equals nearly $200 trillion in total needed to reach the net zero target. At the same time, Net Zero-X estimates that there currently remains a staggering $4 trillion annual global financing gap for climate projects.

Therefore, the exchange aims to bring visibility and process transparency to the sustainable finance market with the help of innovative blockchain technology.

“There are trillions of dollars in the private space looking to invest in profitable, exciting sustainability projects, while many cleantech initiatives are unable to identify and connect with relevant investors to bring their solution to life. With this exchange, we bridge this gap by enabling project owners and sustainably focused start-ups to present their solutions on a regulated, readily accessible platform and investors having a single-place of outreach to finding valuable, verified sustainable projects across the globe.”

Glenn Davies, Co-Founder of Net Zero-X

The first flagship project of the new exchange is the UK-based initiative ‘Drive-In Waste Disposal & Energy Recovery Hub’. It aims to redirect waste from conventional landfill sites to a state-of-the-art facility, significantly reducing carbon emissions and environmental impact while maximizing resource recovery.

In recent years, the recycling process has been revolutionized with the most novel AI-powered software and robot tools. Recycling facilities are increasingly employing technologies like optical and robotic sorters to handle the trash.

Nina Bobro

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https://www.edeals2day.com/

Nina is passionate about financial technologies and environmental issues, reporting on the industry news and the most exciting projects that build their offerings around the intersection of fintech and sustainability.