Comment on Founder of new commodities exchange explains how it can fuel the green energy transition

Founder of new commodities exchange explains how it can fuel the green energy transition

Liquified natural gas, often carried in tankers, is one of the commodities traded on Abaxx.ShutterstockAbaxx is a new commodities exchange that aims to stabilize prices and aid the energy transition."Trade and network keeps the world at peace," Abaxx's CEO told BI.Investment in the energy transition hit $1.8 billion in 2023, led by China and the US.The race to clean-up the global economy is on.Investment in the energy transition — a broad shift from fossil-based energy production systems to renewable resources like wind and solar power — hit $1.8 billion in 2023, with countries like China and the United States leading the charge, according to BloombergNEF, an energy research company.

 

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