MEX and KCCI Partner to Advance the Asian Voluntary Carbon Market

May 22, 2026 —The Macao International Carbon Emission Exchange (MEX) and the Korea Chamber of Commerce and Industry (KCCI) have entered into a Memorandum of Understanding (MOU) to explore and develop a forward-looking, innovative, and solution-oriented Asian Voluntary Carbon Market (VCM).

Based on mutual trust and cooperation, both parties plan to deepen their collaborative efforts to develop a privately-led Asian VCM that incorporates the unique characteristics of the Asian carbon market. According to the agreement, the core areas of cooperation include:

• Market Development & Synergy: Promoting the development of the Asian VCM through information exchange and joint dialogues, while exploring collaboration opportunities under the "Asian Alliance" promoted by KCCI and the "Standard Carbon Market (SCM)" program led by MEX.
• Listing & Trading: Supporting the listing and trading of carbon credits issued by KCCI’s certification body on the MEX trading platform in accordance with MEX’s rules and procedures, aimed at jointly enhancing market participation and visibility for such credits.

MEX stated: "This collaboration with KCCI marks a key milestone in MEX’s advancement of the Asian voluntary carbon market. We are not only focused on the listing and trading of carbon credits but are also committed to solving transparency and liquidity issues through technological means. As a hub connecting China with Lusophone and Hispanophone countries, Macao will provide a broader international stage for high-quality Asian emission reduction projects through MEX’s SCM program. We look forward to co-defining carbon trading rules with Asian characteristics alongside KCCI."

KCCI stated: "KCCI has been dedicated to building the 'Asian Alliance' to address regional climate challenges. By establishing a deep connection with MEX, we can open new liquidity pathways for certified carbon credits from Korea and across Asia. MEX’s innovation in market mechanisms aligns perfectly with KCCI’s pursuit of professionalism in carbon reduction. Together, we will lead a privately-led regional green transformation."

The two parties will establish a joint working group to conduct research on collaboration opportunities under the framework of Article 6 of the Paris Agreement. They also plan to host joint thematic events to showcase innovative achievements in Digital MRV (Monitoring, Reporting, and Verification) and cross-regional market integration. MEX and KCCI aim to build a fair, efficient, and transparent ecosystem to support corporate net-zero targets.

About KCCI

The Korea Chamber of Commerce and Industry (KCCI) is a professional certification entity based in South Korea, dedicated to supporting corporate sustainability through the establishment of a rigorous voluntary carbon reduction certification system. The center plays a central role in driving private sector climate action in Korea, developing carbon standards, and advocating for regional green collaborations such as the “Asian Alliance,” aiming to enhance the international credibility and liquidity of Asian carbon assets.

About MEX

MEX is dedicated to connecting global climate-related products and opportunities through leading information technology and product standards. It provides innovative solutions for China’s participation in international environmental product markets. Leveraging Macao’s role as a bridge to Portuguese-speaking countries, MEX is constructing an international climate cooperation platform that offers trading, custody, and settlement services for environmental products, including carbon credits and green energy certificates. Launched in October 2024, MEX is supported by Yunfeng Capital.