GMEX Group launches Climate Fintech ZERO13

by James · May 7, 2023

We are pleased to announce the launch of our latest venture, a climate fintech called ZERO13.

ZERO13 provides an automated AI and multi-blockchain powered aggregation ecosystem that delivers reliable supply, digital issuance, trading, clearing and settlement for a wide range of carbon credits and related real-world ESG values. ZERO13 connects multiple stakeholders digitally, including registries, banks, trustees, asset managers, corporates, buyers and sellers, markets, exchanges, climate technology and fintech firms to help achieve Net Zero.

Verdana Eco-Consortium is working with ZERO13 to provide collective safeguards to address double counting by integrating its dMRV (digital measurement, reporting, verification), registry infrastructure and connecting to standard bodies for carbon credits, with data sharing to the World Bank sponsored Carbon Action Data Trust (CAD Trust ) to provide transparency. Alléo Energy and Pay DIRT bring fuel reimbursement and nature-based carbon credits to ZERO13, giving them end-to-end digital provenance to handle greenwashing, as well as improved distribution.

The Taskforce on Scaling Voluntary Carbon Markets (TSVCM) estimates that demand for carbon credits could increase by a factor of 15+ by 2030 and up to 100 by 2050. Recent independent research shows that the global carbon credit market’s traded value was USD 978.56 billion in 2022. The market is expected to reach USD 2.68 trillion by 2028, with a CAGR of 18.23% during 2023-2028. Carbon credits are a high priority for companies and institutions, but are plagued by issues affecting:

Trust: bogus carbon credits, double counting and greenwashing
Efficiency: lack of price transparency, vertical silos and market fragmentation
Distribution: lack of digital register activation and too many intermediaries

At this point, there is no coherent global carbon ecosystem, as the market is fragmented with multiple silos. The registries are manually supplied and largely isolated, as are carbon exchanges and over-the-counter trading, and there is very little peer-to-peer connectivity in the market. This missing link hinders market growth and development.

Hirander Misra, CEO of ZERO13 and GMEX Group commented, “ZERO13 provides a desperately needed, interconnected global carbon ecosystem for all types of participants, in a regulatory manner, to more effectively match supply with demand.” He added, “It is a privilege to work with Verdana’s Eco-Consortium to digitally address the end-to-end issues in voluntary carbon markets and to unlock carbon credit supply from partners such as Pay DIRT and Alléo Energy, bringing confidence by demonstrating full digital provenance.”

Asad Sultan, CEO of Verdana and co-founder of Eco-Consortium, commented “To ensure greater credibility with institutional and corporate market players, the supply of all types of carbon credits should be transparently verifiable and then safely traded in regulated markets.” He added, “Our partnership with ZERO13 aims to make carbon credits and related ESG markets more reliable and efficient using a digitally integrated approach.”

Bob Waun, Principle of Pay DIRT, LLC commented, “Proven advances in the economics and efficiency of biochar to reduce water requirements and fertilizer application will increase the return on investment in cropland.” He added, “By using these methods and leveraging the technological capabilities of our partner ZERO13 to generate and distribute a reliable supply of digital biochar carbon credits, we will both benefit our business and have a positive impact on the environment, the nutritional value and the economy of food. of American farm communities.”

Tim Adkins, Managing Partner of Alléo Energy, LLC commented, “We are excited to announce our partnership with ZERO13, which is a game changer from a sustainability perspective, as we are able to generate carbon credits from our production of a truly sustainable fuel product at, or below, the price of a comparable fossil fuel, and optimize their distribution to the market digitally.” He added, “This and our production and supply of biochar and its application to the agricultural banks of Pay DIRT, LLC optimize the generation of carbon credits, with origins that buyers can rely on to avoid greenwashing.”

Source: GMEX