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MarinaChain collaborates with Climate Impact X

MarinaChain and Climate Impact X seek collaboration on the acceleration of maritime decarbonisation.
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November 1, 2022
MarinaChain collaborates with Climate Impact X

MarinaChain and Climate Impact X seeks collaboration on the acceleration of maritime decarbonisation to enhance the understanding of the carbon market in the shipping industry as well as developing thought leadership.

MarinaChain enables companies and institutions to use carbon credits conveniently and transparently in order to compensate hard-to-abate carbon emissions. In addition, MarinaChain purchases carbon credits from CIX, a global marketplace and exchange for carbon credits in Singapore, on behalf of its shipping clients.

MarinaChain had it’s first footstep into providing end-to-end decarbonisation solutions to the maritime industry in Asia, enabling them to purchase voluntary carbon credits or have access to ESG-related advisory services.

Climate Impact X (CIX) is a global marketplace and exchange for quality carbon credits based in Singapore. It aims to build trust in existing credits, bring new credit types to market, and help scale the next wave of impactful solutions through several platforms (a marketplace, auction and exchange) that serve different needs of carbon market participants.

Corporate ESG management is becoming a significant matter as the seriousness of climate change is easily noticeable. According to the Paris Agreement, which was signed at the 26th General Assembly of the United Nations Framework Convention on Climate Change(UNFCCC), countries are to reduce greenhouse gas emissions up to 30% by 2030.

Purchasing voluntary carbon credits is the most practical solution to increase ESG evaluation. Numerous U.S. enterprises are already purchasing carbon credits and Microsoft is known to have purchased 1.5 million tonnes of carbon credits for the year 2022.

Compared to global companies based in EU and US, Korean enterprises’ purchase rate of voluntary carbon credits is significantly lower. MarinaChain is the new go-to consultant for shipping companies to purchase voluntary carbon credits and also receive ESG-related advices.