Zero13 and XTCC have have decided to invest $100 billon into high-integrity carbon credits to help address the multi-trillion dollar annual climate financing gap.

GMEX Group's Zero13 offers a digital climate fintech platform-as-a-service, while XTCC is the exchange-traded investment product for high-integrity carbon credits from verified renewable energy and regenerative agriculture projects.

In order to avert a catastrophic climate disaster, global clean energy investments of approximately $4-5 trillion are required annually by 2030 – a more than threefold increase from existing investment levels, according to the World Economic Forum (WEF).

The agreement aims to enhance the credibility and integrity of carbon credits, restoring trust in the market and driving liquidity.

Zero13 and XTCC urge stakeholders to invest in digitally verifiable, high-integrity carbon credits, promoting community development and economic progress in the Global South and emerging nations.

The accord serves as a financial and digital gateway for project funders and investors, driving liquidity through capital markets.

Zero13 and XTCC are engaged in multiple countries, with over $1 billion in bankable projects in India, Brazil, Kenya, Rwanda, Seychelles, and South Africa.

As an example, Kenya is already a leader in the generation of carbon credits in Africa, accounting for over 20 per cent of the continent’s volume over the past five years.

The combination of Zero13’s digital carbon climate market infrastructure ecosystem and XTCC’s exchange-listed investment products instils trust and creates a platform to capture the expected growth in the demand for high-integrity carbon credits.

Moreover, Zero13 and XTCC enable capital markets distribution of high-integrity regenerative agriculture and renewable energy projects that produce carbon credits with complete digitally verified provenance.

Hirander Misra, Chairman and CEO of GMEX Group and Zero13, said: 'Through our partnerships with XTCC, multiple exchanges, participants, custodians, and registries we increase interoperability, digitally interconnect silos, and bridge the gap between climate tech and fintech. This enables us to scale climate finance across multiple APIs and blockchains and build capacity where it is needed most, benefitting countries, corporations and communities.'

Professor Lisa Wilson, MD of XTCC, said: 'The partnership between XTCC and Zero13 isn’t merely infrastructure and talking about a call for investment. We recognise that after COP28 much more than talk is required. The Accord is a critical pledge with full commitment by all stakeholders to a sustainable net-zero future. Investing in high-integrity carbon credits will spur new carbon reduction initiatives, playing a crucial role in meeting net-zero targets. Together we have set the foundations with a full end-to-end trusted ecosystem for high-integrity carbon credits, removing obstructions so that investment can flow freely with full investor confidence.'