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Press Release

UK Carbon-Credit Technology Pioneer Changeblock Completes Merger with Canadian ESG Capital Markets Firm Carbon12

Published by Todd Bush on January 6, 2023

January 05, 2023 12:37 PM Eastern Standard Time LONDON--(BUSINESS WIRE)--Changeblock, a British technology company that develops technologies for creating and trading offsets, today announced the completion of its merger with Toronto-based ESG capital markets firm Carbon12. The merger will allow Changeblock to expand internationally and offer its innovative carbon credit solutions to a wider global audience.

Changeblock is an environmental exchange that shortens the timeframe for companies to create credits, making it easier to invest in ESG and improve success for clean-techs. Investors can gain access to groundbreaking green projects that are streamlined and verified, allowing for the creation and listing of unique credits on the Changeblock platform. The company goes beyond carbon and allows companies to create, trade, generate and gather data for environmental credits not only to mitigate carbon, but also for plastics, maritime-conservation, biological, nitrogen, sulfur, and other emissions and biodiversity assets. Changeblock leaders and advisors include co-founder John Palmisano (emissions trading expert, formerly of the United States Environmental Protection Agency), Robert Hahn (Oxford), and Gabriel Thoumi (Responsible Alpha).

"We let the data do the talking, and in doing so we create the highest-value environmental credits on the market," said Changeblock CEO Billy Richards. "We are confident that our platform will be embraced by clean-tech companies as we develop the economic narrative to fight climate change and support the transition to a more sustainable future. We are excited to see the impact that our combined offering will have, and we believe that it has the potential to drive significant change and to support the growth and development of sustainable practices, clean-technologies, and communities all over the world.'

Carbon12 founding partner Eugene Kogan, who now serves as Executive Chairman of Changeblock, said, 'We are faced with the need to act rapidly to ensure that global warming and other environmental threats do not run away from us and create irreparable harm to the global ecosystem. This urgent need creates an incredible opportunity for the private sector to help achieve these climate goals. The Changeblock platform addresses everything that makes the current environmental markets ineffective, a claim validated by the rapidly growing number of buyers and sellers looking to utilise our platform. This is a massive opportunity on which we are well positioned to capitalise.'

About Changeblock

Changeblock creates global markets that make the creation and trade of environmental assets for individuals, businesses, and governments easy, affordable, transparent, secure, and environmentally responsible. The company is led by professionals with deep expertise in technology and environmental credits with proven track record of building and delivering solutions that work in the real world, including members of the team that created the first carbon credit, and come from top global organisations.

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