UNODC will increase its partnership with Xange.com with a view to offering market infrastructure solutions for African Great Green Wall Carbon Credits

Xange.com is a key partner of the United Nations, as the preferred private sector counterpart, to establish and sustainably operate a securities exchange out of Mauritius.

Xange.com is working hand in hand with the UN Development System (UNDS), focusing on African market infrastructure solutions for carbon markets and to contribute to the Sustainable Development Goals.

UNODC and Xange.com aim at focusing on the role of climate change and climate security, the prevention and mitigation of illicit financial transactions and on carbon emission initiatives using blockchain technology to bring transparency to carbon accounting by avoiding double counting of emission reductions or removals.

Xange.com is preparing the launch of the implementation of its voluntary carbon credit infrastructure out of Mauritius to channel Carbon Credit Offsets from the African Great Green Wall Initiative.

Xange.com will develop a Carbon Credit Solution on the XRP Ledger for the issuance of tokenized carbon credits, in accordance with standards set by the leading industry working groups like the InterWork Alliance (IWA), a Global Blockchain Business Council (GBBC) initiative, and the Taskforce on Scaling Voluntary Carbon Markets (TSVCM), of which Xange.com is a member.

Xange.com will aim at co-creating a Great Green Wall Fintech ecosystem that supports innovation around digital technologies that will benefit the private sector, fostering growth and innovation, while also improving upon the inefficiencies surrounding current governments, funding, and banking initiatives.

The work of the United Nations and Xange.com is to ensure that the highest levels of scalability can be achieved throughout the wider UN programmes and conventions by delivering a governance and technology framework that mitigates risks and enhances deliverables.