MEX has signed a MoU with the CIX Exchange to jointly explore development opportunities in the Asian carbon market.

Macau, March 27, 2025 - At the first Global Carbon Credit Market Development Forum, The Macao International Carbon Emission Exchange (MEX), hereinafter referred to as "MEX", signed a Memorandum of Understanding (MoU) with the Singapore Climate Impact Exchange (CIX) to jointly promote the development of Asia's carbon market.

As the implementation of Article 6 of the Paris Agreement enters a critical phase, this signing aims to reshape the landscape of Asia's carbon credit market through capacity building, product innovation, and market interoperability.

MEX and its partners sign cooperation agreements. MEX provides photos.

Asia plays a unique dual role of supply and demand driver in the global carbon trading system, serving as both a core supply source of carbon credits and a key growth engine for demand. To fully leverage the strategic synergies between MEX and CIX, the two exchanges have joined forces to jointly promote the prosperity and development of Asia's carbon market through deepened interconnection mechanisms. The scope of their cooperation includes but is not limited to: jointly exploring cross-regional linking and pricing mechanisms; jointly tapping into development opportunities under Article 6 of the Paris Agreement; supporting the development of Asia's Renewable Energy Certificates (RECs) market; and focusing on promoting industry knowledge sharing and strengthening capacity building.

At the signing ceremony, Oi Yee Choo, CEO of CIX, stated: "As a global leading environmental market exchange, CIX has accumulated mature experience in carbon credit trading. Our strategic cooperation with MEX will focus on building an end-to-end full-value chain system, deepening the interconnection between Asia's carbon market and international carbon markets, helping Asian carbon credits become an internationally credible 'hard currency,' and injecting new momentum into the global net-zero carbon transition."

Meng Meng, General Manager of MEX, said: "As a professional carbon trading platform based in China and facing the world, MEX will fully leverage the advantages of China's market scale and the China-Portuguese-speaking countries economic and trade cooperation network to build a strategic hub connecting international carbon markets. We are willing to join hands with CIX to jointly lead the quality improvement and upgrading of Asia's carbon credit market, improve the carbon pricing system, enhance market service capabilities, open up broader carbon financing channels for the least developed countries and climate-vulnerable countries in Asia and even globally, and provide practical and effective solutions for global climate governance."

In the future, MEX will continue to leverage Macau's role as a bridge to Portuguese-speaking countries and utilize blockchain/AI technologies to build a cross-border green asset trading platform, providing screening, trading, and offsetting services for environmental products such as carbon credits and green certificates. It will connect global climate products with market demands to create transparent and efficient net-zero solutions.

The Macao International Carbon Emission Exchange (MEX) aims to connect global climate-related products and opportunities through leading information technology and product standards, providing innovative solutions for China to engage with the international environmental products market. Relying on Macau's advantage of connecting Portuguese-speaking countries across four continents, MEX builds an international climate cooperation bridge that links China with the rest of the world and serves the global community, offering services such as screening, trading, custody, settlement, and offsetting of environmental products like carbon credits and green energy certificates that meet sustainable development performance requirements.

The Singapore Climate Impact Exchange (CIX) is a leading global environmental trading platform dedicated to contributing professional expertise in addressing climate change through the efficient circulation of carbon credits and Renewable Energy Certificates (RECs). Headquartered in Singapore with an office in London, CIX's shareholders include DBS Bank, GenZero (Temasek's decarbonization-focused investment platform), Mizuho Financial Group, Singapore Exchange Group (SGX Group), and Standard Chartered Bank. CIX's vision is to build a trusted and scalable environmental product trading platform that accelerates capital flow into high-impact climate solutions by enhancing global market connectivity, transparency, and liquidity, thereby supporting the global low-carbon transition.