Redshaw Advisors will support XELS mission of increasing participation in carbon markets in Japan and beyond.
Tokyo, Japan, 30th April, 2021, ZEXPRWIRE, — XELS, a revolutionary blockchain-based carbon offset platform has announced that it has joined forces with renowned carbon brokerage and risk management firm Redshaw Advisors. Under the collaboration, Redshaw Advisors will provide strategic advisory, consulting, and procurement of carbon credits for XELS.
Immutable Carbon Offsets
Initially focused on the voluntary carbon credit segment, XELS launched its blockchain platform and eponymous digital asset earlier this month. The startup’s tokenized offset credits, which exist on an immutable public ledger, are designed to boost both transparency and participation in carbon markets.
Unlike traditional carbon credits, XELS cannot be modified or double spent, and the process of “burning” used tokens ensures the credit is retired forever. Anyone with access to a computer and an internet connection (from eco-conscious individuals to corporations who are serious about tackling climate change) can buy and trade XELS.
XELS and Redshaw LTD
By working with Redshaw Advisors, XELS will be able to ensure the legitimacy of each credit it tokenizes, while also providing an additional record of the credit’s retirement in the Redshaw Advisors’ registry account. Upon retirement, Redshaw Advisors will also issue certificates that XELS’ clients can use to show the exact amount of CO2 they’ve neutralized.
Bill Goldie, Head of Voluntary Market at Redshaw Advisors, stated that:
“Redshaw are delighted to have been given the opportunity to advise, consult, and procure for XELS across carbon markets – compliance and voluntary – and renewable energy,”
Regulated “Compliance” Credits
In the future, XELS seeks to offer regulated “compliance” credits in addition to voluntary offset credits. The startup is in advanced discussions with a number of Japanese corporations that wish to significantly curtail their environmental impact, in line with Prime Minister Yoshihide Suga’s goal of reaching net zero domestic emissions by 2050.
XELS founder and CEO Takeshi Nojima explains the two companies progression towards fighting global warming:
“In many ways, Japan is playing catch up with the rest of the world, and the European Union in particular,”.
Takeshi stated that XELS will become the easiest, most transparent way for businesses to join the fight against global warming, and that the company will be able to provide clear proof of their commitment – backed by Redshaw Advisors. He added that this is something consumers appreciate, and will eventually come to expect from the companies that they support.
About XELS
XELS Limited was founded in 2017, with offices in Tokyo and Hong Kong, and is a member of the Climate Chain Coalition. XELS tokens can be obtained on the Bittrex Global and MXC cryptocurrency exchanges.
About Redsaw
Redshaw Advisors, founded in 2014, with a long track record of success in the European carbon markets, has a growing presence in voluntary markets. Among numerous industry accolades, Redshaw Advisors was named Best Trading Company and Best Advisory/Consultancy for EU ETS credits, Voluntary Carbon Market, and Renewable Energy Certificates in 2020.
Businesses in the green tech space interested in collaborating with XELS can contact [email protected].