GS Global invests in carbon credit firm to expand trading business
GS Global is expanding into carbon credit trading through an equity investment in Hooxi Partners, a Korean carbon credit specialist, seeking to monetize emissions reductions from its existing eco-friendly businesses. GS Global said Tuesday that the investment would establish a strategic partnership, combining Hooxi Partners’ carbon reduction expertise with GS Global’s global network and trading…
GS Global is venturing into carbon credit trading by investing in Hooxi Partners, a Korean specialist in the field. The goal is to leverage Hooxi's expertise in reducing emissions alongside GS Global's extensive trading network. This strategic move aims to capitalize on the opportunities arising from Korea's upcoming emissions trading scheme, which will be in effect from 2026 to 2030.
As stricter regulations and reduced emissions caps are put in place, the demand for carbon credits is expected to rise, along with price volatility. With its founding in 2021, Hooxi Partners provides comprehensive services, including developing methodologies for carbon credits, managing projects aimed at reducing emissions, securing Korean Offset Credits (KOCs), and engaging in forward trading.
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- GS Global invests in carbon credit firm to expand trading business koreatimes.co.kr
