ZERO13, the GMEX Group award-winning initiative, provides a digital climate fintech platform-as-a-service, that is revolutionising the industry. This award, marks another milestone and is in recognition of GMEX’s strategic growth initiatives. CEAI takes pride in our long-standing client advisory relationship, with a company being recognised, not only for its innovative approach, but also for its visionary outlook in addressing the international climate markets.
The COP28 TechSprint, launched by the Central Bank of the United Arab Emirates (CBUAE), COP28 Presidency, the Bank for International Settlements(BIS) and the Emirates Institute of Finance (EIF) recognises solutions that address challenges in sustainable finance and focus on scaling up climate action through advancing innovative technology solutions. The awards are based on problem statements developed in three categories: AI, Blockchain and IoT and Sensor Technologies. ZERO13 was selected as the winner in the blockchain category, delivering ‘innovative blockchain solutions in sustainable finance to scale up climate action’.
ABOUT AWARD WINNING ZERO13
ZERO13 is an automated AI-enabled and blockchain-driven ‘Network of Networks’ Platform-as-a-Service ecosystem; centred around the “4Cs” (Climate, Communities, Companies and Countries).
It enables interoperability, trust, and monetisation between marketplace participants, across multiple blockchains and APIs; for the financing, trading and settlement of carbon credits and other climate assets; between carbon emitters (i.e. buyers)and carbon offset and other ESG asset projects (i.e. suppliers)- with an emphasis on “Energy, Water & Food”.
ZERO13 addresses siloed infrastructure by providing a distributed ‘‘Hub & Spoke Connective Tissue’, to interconnect multiple registries, exchanges, participants, climate related services and financing globally.
Hirander Misra, CEO of GMEX Group and ZERO13 said, “We are excited and grateful to be recognised as the winner of such a preeminent award at COP28. We are at a critical juncture in carbon markets, where innovation is essential if we are to make a meaningful impact to tackle climate change.” He added, “It is great to see a broad spectrum of players from across the carbon value chain increasingly embrace the collaborative approach that ZERO13 advocates, interconnecting climate tech and climate fintech more closely together.”
His Majesty’s Trade Commissioner for the Middle East and Pakistan, Oliver Christian said: “I’m delighted that GMEX Group is leading the way in providing solutions for climate tech and climate fintech. The expansion of ZERO13 announced at COP28 is testament to UK innovation in digital sustainable finance.”
Karima Serageldin, Managing Director, CEA International LLP commented: ”We are at a transformative juncture; where trust, monetisation, and digital connectivity are converging to reshape the global climate economy. CEAI remains committed to continuing to support GMEX Group’s strategic growth initiatives, and I take great pleasure in congratulating the GMEX team on ZERO13’s recognition at COP28. This accolade, underscores the pivotal role of innovation and collaboration in propelling sustainable finance.”