The Argentine Carbon Exchange is the first in the Americas and the first in the country to be created exclusively as a carbon trading platform with the objective of being recognized by investors and clients as the most compliant and lowest risk on the planet. After two years of analysis of the global market, the following strategy was established based on 4 pillars:
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Secured Transactions
Proven Technology
Reliable Ratings
Compensated Traceability
Premium Assets
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Alexia Rosenthal, Tanoira Cassagne contacto: arosenthal@tca.com.ar
Pablo Verra, Lockton
contacto: pablo.verra@lockton.com.ar
Rosana Beben, Orson Capital
contacto: rbeben@orsoncapital.com
Santiago Balbi, Bruchou&Funes
contacto: santiago.balbi@bruchoufunes.com
INVESTORS
Latin America has always been among the leading developers of carbon projects: the region currently generates more than 20% of the global supply of carbon credits for voluntary markets and is the world leader in Solutions Based on Nature (NBS) credits, producing more than two thirds of all NBS credits in circulation.
In the region, the voluntary carbon market is the most relevant. Currently, Brazil and Peru are the recipient countries with the largest number of outstanding NBS credits, followed by Indonesia.
Globally, demand for these credits is projected to grow significantly, driving prices up to 15 times higher by 2050. CAF has estimated that, in Latin America, voluntary demand for carbon credits could increase at least 15-fold by 2030 and 100-fold by 2050.
Context of Carbon Markets in Latin America
Green Carbon Exchange (GCX) has a strategy to develop Carbon Exchanges in Latin America through which carbon credits can be traded in the Voluntary Market, articulating with actors with local and international recognition and experience.
Aleandra Scafati, President of Green Carbon Exchange
Latin American Carbon Exchanges: strategic partners
Exclusive and unrivaled technology from the world's only regulated Digital Carbon Exchange.
Comprehensive carbon credit securities insurance for clients and risk insurance for investors.
The largest global Commodities Broker with over 80,000 clients for OTC mandates.
Mandate for trading with the
Regular Stock Exchanges for the
purchase of shares and for
outbound trading with the
international Regular Stock
Exchanges.
Why a Carbon Stock Exchange in Argentina?
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Capital Structure of BACX
The share capital is currently distributed as follows:
BACX Holding, Inc.
Bolsa Argentina de Carbono S.A.U
51% to Green Carbon Exchange (GCX) an american company developing carbon trading platforms in LATAM.
49% owned by legal private entities
100% owned by BACX Holding
A minimum of 20% and maximum of 90% of BACX HOLDING shares will be
offered to local or international players (Investment Funds, Stock
Exchanges, Banks, etc).
BACX Strengths
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Our Group in the Media
BeZero partners with Green Carbon Exchange
BeZero Carbon will be the official ratings provider of carbon credits transacted on the Argentine Carbon Exchange (BACX), the Paraguayan Carbon Exchange (BPCX) and the Ecuadorian Carbon Exchange (BECX).
Lockton partners with BACX and CFC to launch first exchange-traded, insured carbon credit transactions in Latin America
Lockton partners with BACX and CFC to launch first exchange-traded, insured carbon credit transactions in Latin America
Lanzaron la primera Bolsa Argentina para el Mercado de Carbono: en qué consiste
Es una plataforma innovadora que facilita el comercio de créditos de carbono entre los actores que buscan reducir sus emisiones de gases de efecto invernadero. Tiene como objetivo impulsar la transición hacia una economía verde en el país y el mundo
Who we are
Board of Directors
Advisory Board
Alejandro Guerrero, President
Aleandra Scafati, Vice President
Adrian Cosentino, Director
Alejandro Wyss, Director
William Pazos, Co-Founder and Co-CEO, ACX
Tommy Ricketts, CEO, BeZero
George Beattie, Head of Innovation, CFC
Alfredo Nicastro, Head of Carbon Markets, StoneX
Risk Committee
Alejandro Guerrero
Finance Committee
Adrian Cosentino
Technical Committee
Aleandra Scafati
Technology Committee
Alejandro Wyss
External Agency
with Multimedia Design
Executive Director
External Agency
with Sacial Media Manager
Sales Representative
Office Manager
Sales Representative
IT manager
BACX capitalization: in funds and carbon credits
Seed Capitalization
650k USD
10% of shares
Seed funding from the seed investment fund guarantees operations and licenses through 2025 and increases the valuation of BACX.
Argentina Carbon Fund: main features
Operations, Working Team, Exclusive Licenses and Memberships
Sales Channels
Commissions and Fees
Carbon Credits Capitalization
Carbon Credits Commercialization
The contributing partner of carbon credits produced in Argentina will complete its commitment during its emissions to reach 100,000 carbon credits at a value of US$15 each. This valuation of $1.5M on 10% of the shares gives a balance sheet value of $15M.
With 150,000 carbon credits in escrow, they will be protected with insurance policies and will be used to open 500 accounts for companies (they will have to open their accounts by purchasing 300 credits each at $20 per unit to avoid the annual BACX fee). This will guarantee the circularity strategy of offsetting carbon credits produced in the country between 2025 and 2027.
100K tCO2e
20K tCO2e
10% of shares
Immediately
BACX's partner bank will act as Fund Manager for the construction of a $25 million Fund to develop the Argentine carbon market with premium loans and a focus on Nature Based Projects (NBS), Livestock and Forestry (ALM). These loans will be financed from the beginning under BACX supervision targeting AA or AAA rating and with insurance policy for international markets. With a maximum ticket size of $2 million to landowners. This will have the largest analysis done in the country on carbon potential in 23 provinces.
25M
50K tCO2e
50K tCO2e
50K tCO2e
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B2B
Opening 500 company accounts with the purchase of 300 national credits - 100 for each mixed project - with insurance and rating.
B2B
Announcement of Argentina B2B clients with a private bank card (BANCO CIUDAD, BANCO COMAFI, etc) to compensate via BACX and the banks cover a part of the compensation of their cardholders with the Doconomy license.
B2B
PERSONAL
√Opening of Crypto company accounts via partnership with Lemon so that they can buy with FIAT.
√2.3 million individual Argentinean customers with LEMON card can clear via BACX and Lemon will cover a portion of their cardholder's clearing with Doconomy license.
G2B
Announcement of the world's first sub-national registry with the government of NEUQUEN to strengthen Vaca Muerta Net-Zero. BACX obtains the exclusivity that all transactions of credits issued in projects within the Province.
B2B
Exclusivity agreements with stadium and event management companies in alliance with THE CARBON SINK to offset about 100 events per year (companies that already buy 300 credits can use those credits to offset).
20%
commission on carbon credits issued*.
*Revenues in kind for BACX: 5M carbon credits
15%
commission on the total amount issued**
**Revenue for BACX: 15M on a projected total issuance of 25M credits at 5 dollars
value on carbon credits contribution
value on ACX exclusive license
value on future sales
BACX Valuation
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Methodology: was valued applying a discounted cash flow model, under conservative assumptions of volume and prices of C02 certificates to be traded on the platforms, including the value contributed by ACX and other intangibles.
Capital: part of the BACX shares will be integrated into carbon credits, which provides additional value to the exchange by having assets that can be offered and traded through the exchange.
Revenues: operating revenues are linked to (i) commissions charged for certificate transactions traded and settled through the BACX platforms, (ii) the commission for structuring and technical assistance to the ACF (5 million carbon credits), and (iii) fees for technical assistance and advisory services to companies with projects eligible to issue certificates.
Costs: In addition to human resources, infrastructure and operating costs necessary to support a growing trading volume, insurance costs are also included, among others.
Capex: The main concept is the ACX license by virtue of the strategic alliance to have the advanced technology necessary for the business. The rest of the concepts are not so representative in the cost structure.
Base scenario: conservative prices per ton CO2 and a 15% commission for each certificate traded are assumed.
Regulatory and Tax Impact: According to Tanoira Cassagne's analysis, BACX has an intangible added value due to the benefits derived from its business model.
valuation = 65M
data room