SECDEX digital carbon market solution to be showcased at COP28
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SECDEX digital carbon market solution to be showcased at COP28 28 November 2023Seychelles Reporter: Sophie Downes
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The Securities, Commodities and Derivatives Exchange (SECDEX) has been selected by the Seychelles Government to showcase in the Blue Zone at COP28 UAE (30 November - 12 December).
Seychelles-based SECDEX is a regulated financial market infrastructure firm focusing on securities, debt, spot commodities and derivatives contracts in traditional and digital tokenised form.
In a collaboration with sustainability firm Island Carbon Consult, SECDEX will host an event in the Seychelles Pavilion on 4 December.
Seychelles, a sustainability leader in the Indian Ocean region, is taking strides towards achieving its commitment to net-zero greenhouse gas emissions by 2050.
The country has already demonstrated its dedication to conserving coastal and marine environments, spearheading the charge towards decarbonisation.
SECDEX will also collaborate at COP28 with its sister company ZERO13, a GMEX Group initiative, to provide a climate fintech platform-as-a-service ecosystem.
Harnessing the ZERO13 Hub, SECDEX recently executed and settled the world’s first spot and derivatives voluntary carbon credit (VCC) trades to the ISDA VCC definitions.
Hirander Misra, chairman of SECDEX, ZERO13 and GMEX Group, says: “We are delighted to be selected by the Seychelles Government to showcase the SECDEX carbon market at COP28, and its integration within the ZERO13 global ecosystem. In the drive to achieve net zero, a collaborative innovation approach is essential to ensure tangible positive climate impact.”
Errol Renaud, founder of Island Carbon Consult, adds: “We believe that collaborative efforts are pivotal in accelerating the low-carbon transition, especially for small island developing states. Together we aim to contribute to the global effort in achieving a sustainable and resilient future.”
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