SBI Forms Joint Venture to Set Up Carbon Exchange in Japan
- JV with climate tech firm Asuene to open bourse in October
- The aim is to create carbon-credit trading hub for Asia
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Japanese financial conglomerate SBI Holdings Inc. and climate tech startup Asuene Inc. have entered a joint venture to set up a carbon exchange in the Asian nation that will open around October.
The aim is for the exchange, called Carbon EX, to become a regional trading hub with services being offered in English and Japanese, according to Kohei Nishiwada, chief executive officer of Asuene and the new bourse.