, Japan
Photo by Matthias Heyde Abgyl via Unsplash.

Japan’s Mizuho invests in SG-based carbon exchange CIX

CIX will use the funding to build out its existing platforms and deepen offerings.

Japan’s Mizuho is investing in the Singapore-based carbon marketplace and exchange Climate Impact X (CIX) to cater to growing demand for international carbon credit companies in Japan.

The partnership aims to facilitate cross-border trading and connectivity between markets.

Funding will be used to build out CIX’s existing platforms, deepen the company’s offerings for the Japanese market and ultimately expand its regional footprint.

The investment decision stems from Mizuho’s and CIX’s shared belief that carbon credits will play a crucial role in the decarbonisation of Japan, the two companies said in a statement announcing the investment.

Carbon credits serve as a mechanism to provide funding for climate action projects and support the overall decarbonisation of society, notes Masahiro Kihara, president & group CEO, Mizuho Financial Group, speaking on the investment.

In addition to contributing to decarbonisation efforts beyond value chains, there is an increasing importance in connecting technologies that achieve carbon removal from the atmosphere with investors to accelerate their implementation in society, he added.

"Through this investment, we aim to provide our customers with reliable and high-quality carbon credits in partnership with CIX and contribute to the expansion of the carbon credit market in Asia and beyond,” Kihara said.

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