#Switzerland #Davos #Aleria #Tawasal #Xange.com

Aleria, Tawasal, and Xange.com Join Forces for Climate Action

In a groundbreaking announcement made during the World Economic Forum in Davos, Switzerland, Aleria, a pioneering sovereign AI company, has teamed up with Tawasal, a leading UAE-based Super App, and Xange.com to launch a new initiative aimed at scaling the market infrastructure for international carbon credit transactions, known as ITMOs (Internationally Transferred Mitigation Outcomes). This strategic collaboration intends to support a staggering $100 billion ITMO pipeline, fostering accountability and transparency in global climate mitigation efforts fueled by the Paris Agreement.

The joint venture responds to a growing demand for robust national-scale ITMO registries, efficient monitoring systems, and comprehensive market frameworks. As climate change accelerates, the need for effective tools to facilitate investment in forest and nature-based solutions has never been more urgent. Xange.com stands out in this landscape as an environmental intelligence software provider, offering innovative digital solutions like Digital Monitoring, Reporting, and Verification (dMRV) tools, which will enable nations to capture verified mitigation data effectively, as well as detect environmental hazards such as wildfires and floods.

A Vision for Sustainability

Eric Leandri, CEO of Aleria and Tawasal, emphasized the importance of this partnership, stating, "Article 6 requires governments to operate credible registries, data systems, and settlement processes under national authority. Our joint venture is focused on delivering the necessary technical infrastructure to support compliant accounting, monitoring, and transfer of mitigation outcomes. By leveraging Aleria's sovereign data capabilities together with Tawasal's digital platform and Xange.com's market infrastructure, we're enabling countries to implement Article 6 mechanisms that align with Paris Agreement requirements."

With the joint venture now in action, Xange.com is set to enhance its reach to governments and businesses across critical regions, including Africa, the Middle East, South America, and Asia, thus supporting the fulfillment of the Paris Agreement's objectives. Esteban van Goor, CEO and Founder of Xange.com, highlighted, "We’ve earmarked a long-term pipeline of over $100 billion in climate outcomes aligned with the Paris Agreement, particularly targeting forestry and other nature-based initiatives."

Building the Future of Climate Solutions

Aleria's expertise in AI and data solutions, coupled with Tawasal's expansive user base that facilitates payment technology, positions this joint venture as a force for profound change. The venture integrates cutting-edge solutions under a framework that enhances the participation of governments and enterprises in sustainable projects. Aleria provides solutions that allow organizations to develop, deploy, and manage AI systems within defined national and regional jurisdictions, meaning that local governments can maintain control over their infrastructure and operational data.

The partnership between Aleria, Tawasal, and Xange.com embodies a transformative step towards establishing a coherent and functional market infrastructure for ITMOs. This initiative not only assures compliance with international standards but also empowers nations with the necessary tools to combat climate change effectively. Overall, the ambition is clear: create a globally recognized marketplace for carbon credit transactions that is beneficial for both environmental sustainability and economic growth.

About the Companies
Xange.com: International Holding AG is a software company specializing in environmental intelligence and market infrastructure. The firm supports synchronization with the Paris Agreement through dMRV systems and enhances environmental market participation.
Tawasal: Based in Abu Dhabi, UAE, Tawasal Information Technology LLC develops advanced technologies and is the backbone of the Tawasal Super App, which integrates diverse services that enrich users' daily lives.
Aleria: Aleria, backed by IHC, focuses on sovereign AI and data solutions tailored for various sectors, including government and healthcare, and enables organizations to exert full control over their data and operations.

This partnership illustrates the kind of innovation that is crucial for addressing the escalating climate crisis. As ITMO initiatives gain momentum, the synergy between these three entities could pave the way for a sustainable and prosperous future that's aligned with global environmental goals.