Incorporation of the London Carbon Exchange
14/02/2023 07:00
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RNS Number : 7863P AQRU plc 14 February 2023
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Press Release
14 February 2023
AQRU PLC
("AQRU" or "the Company")
Incorporation of the London Carbon Exchange
AQRU plc (AQSE: AQRU), an incubator specialising in opportunities in FinTech
and decentralised finance ("DeFi"), is pleased to announce the incorporation
of the London Carbon Exchange Ltd. ("LCE"), a wholly owned subsidiary of AQRU
specialising in opportunities in the underserved voluntary carbon market
("VCM"). LCE has opened a waiting list for investors interested in using its
platform once it launches in the first half of 2023.
London Carbon Exchange is developing a web platform that will enable investors
to easily and securely access and trade in the VCM, a market that allows
individuals and organisations to offset their emissions by purchasing
voluntary carbon credits that represent certified removals or reductions of
carbon emissions.
The VCM market is on the rise as the total value of voluntary carbon
transactions reached nearly US$2bn in 2021, which is almost four times more
than the US$520m in transactions recorded in 2020 (Source: EcoSystem
Marketplace, 2022). The growth of the market is expected to continue as an
increasing number of businesses and individuals commit to lowering their
carbon emissions and limiting their impact on the environment.
Despite this, the VCM is a complex market with significant barriers to entry.
For instance, there are numerous standards for certifying projects in the VCM
which creates significant challenges for individuals looking to assess the
quality of a given carbon credit. As a result, the Company believes that there
is an opportunity to capitalise from the growing voluntary carbon market by
offering a solution that can help remove these complexities and enable
investors to easily access and trade trusted carbon credits.
The launch of the London Carbon Exchange builds on the Company's efforts to
continue delivering value to shareholders and expand into new and growing
markets. The Company is doing this by developing technology solutions that
enable investors to access investment propositions that were previously locked
behind market complexities and other barriers to entry.
Philip Blows, Chief Executive of AQRU, said: "Our mission at AQRU is to
develop solutions that can simplify complex investment opportunities so that
they're not only the domain of large institutional investors. This is exactly
what we're doing through the founding of the London Carbon Exchange. By
supporting our subsidiary as they develop their platform, we're creating a
solution that will enable investors to easily access and trade trusted carbon
credits so that they can take advantage of all the opportunities in the
growing voluntary carbon market. We look forward to the launch of the London
Carbon exchange platform and seeing them become a key player in the rising
voluntary carbon credits market."
The Directors of AQRU plc take responsibility for this announcement.
For further information, please contact:
AQRU
Philip Blows via Tancredi +44 207 887 7633
Chief Executive
Tennyson Securities
Corporate Broker
Peter Krens +44 207 186 9030
First Sentinel
AQSE Corporate Adviser +44 203 989 2200
Brian Stockbridge
Tancredi Intelligent Communication
Media Relations
Gabriela Amaya Garcia +44 7915 035 294
Charlie Hobbs +44 7897 557 112
AQRU@tancredigroup.com (mailto:AQRU@tancredigroup.com)
About AQRU plc:
AQRU is an incubator specialising in opportunities in FinTech and
decentralised finance ("DeFi"), a disruptive technology using blockchain and
cryptocurrencies to remove financial intermediaries from transactions,
creating a cheaper, more efficient and more secure way of providing financial
services. Listed on the Aquis Exchange in London, we apply our expertise to
the business operations and strategic plans of FinTech companies in the UK,
USA and Canada, and act as an accelerator for start-ups and early-stage
companies. www.aqruplc.com (http://www.aqruplc.com)
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