McMahon has now set his sights on another agenda which he plans to share at the upcoming United Nations Climate Change Conference (COP26) in Glasgow. From struggling to have 20 members, ACX now has 132 companies that are on the exchange. However, the pandemic changed all that as regulated entities took on a more serious effort to meet their environmental, social and governance reporting mandates. The idea took form and two-and-a-half years later, McMahon is now running ACX, a Singapore-based commodities exchange which he claims is the world’s first carbon negative trading platform.Ĭorporates and prospective users were initially not keen to join the exchange. In 2018, McMahon started a conversation with a colleague on the idea of forming a carbon market around distributed ledger technology (DLT). Thomas McMahon spent more than 20 years at the New York Mercantile Exchange and later became part of other high-profile exchanges around the world: Dubai Mercantile Exchange (advisor), Hong Kong Mercantile Exchange (president, deputy chairman), Singapore Mercantile Exchange (CEO), Digiassets Exchange (director), Abaxx Exchange (director-co-founder). Please get in touch with Sue Kim at for further clarifications.ĪirCarbon Exchange (ACX) founder and CEO Thomas McMahon stressed the need for transparent pricing and a marketplace for all related industries to grow carbon trading. Changes are made based on our coordination with the local industry players.
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