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.
Founder Of New Commodities Exchange Explains How It Can Fuel The Green Energy Transition
lvaranasi@insider.com (Lakshmi Varanasi), Business Insider
Sun, 09/29/2024 - 12:23pm
Topics: bi united states bloombergnef singapore-based tesla josh crumb ceo goldman sachs abaxx china international energy agency crumb crumb business insider founder commodities exchange energy transition prices carbon electricity working contracts natural power investment gas role play commodity world future hit peace told global economy volatile shift lead battery lithium trading price liquified boom consumers futures years companies transparency hedge surge markets transparent people generation
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