ABU DHABI, UAE and SINGAPORE and LONDON, June 20, 2022 /PRNewswire/ — AirCarbon Exchange (ACX) hosted the first trades of the newly launched Global Emission Reduction Contract, or GER, which aims to become the global reference price for voluntary carbon markets.
The contract, which was created by Net Zero Markets, went live on ACX on Friday, June 17th, and traded at between $7.23 a tonne to $7.60 a tonne with Bioeconomy, who is led by Dorjee Sun, a TIME Magazine Hero of the Environment, as one of the first buyers. Its current bid/ask range is $7.65–$7.70.
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