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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:
Alexia Rosenthal, Tanoira Cassagne
contacto: arosenthal@tca.com.ar
Gonzalo Rigo, Lockton
contacto: gonzalo.rigo@lockton.com
Rosana Beben, Orson Capital
contacto: rbeben@orsoncapital.com
Santiago Balbi, Bruchou&Funes
contacto: santiago.balbi@bruchoufunes.com
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.
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.
At present, Argentina has few projects within the carbon market but a great potential for projects and to exploit this potential, financial tools are needed to reach all sectors and thus fund the transition to an emission-free economy.
To this end, as a voluntary carbon market, BACX offers financial instruments to invest in the ecological transition towards the reduction of greenhouse gas emissions and replace with quality carbon credits that allow for compensation at the national and international level.
This initiative takes on particular relevance in Argentina where key economic sectors, such as food, mining, energy, steel and derivatives, are highly vulnerable to the demands of climate action.
Thus, by providing instruments that encourage the transition to more sustainable production models, BACX will help large companies and SMEs to reduce their impacts and finance technological improvements to achieve carbon neutrality.
The share capital is currently distributed as follows:
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
We are a team of higly trained interdisciplinary professionals with vast experience in carbon and financial markets, both locally and internationally, whose core values are leadership, integrity and commitment to drive the carbon market opportunities in Argentina and LATAM
The only Digital Carbon Exchange in the world with secured transactions between bidders and offerors through LOCKTON, a company of recognized trajectory, setting a new standard of compliance in the protection of both transactional risk and project risk in global markets.
BACX operates through a state-of-the-art technology platform provided by ACX (with high efficiency proven globally) that ensures transparency, accessibility, liquidity and security in operations and allows credits to be displayed for offsets that are allowed in regulated markets worldwide.
Carbon credits with investment grade ratings granted by BeZero, an internationally recognized agency, will be traded on the stock exchange.
Already has secured a significant volume of high quality carbon credits in Argentina.
The Argentina Carbon Fund (ACF) will ve created as a vehicle to facilitate access to financing for the certification of credits to be traded and whose fund management will be in charge of a local financial institution of local prestige.
WHO WE ARE
Alejandro Guerrero, President
Aleandra Scafati, Vice President
Adrian Cosentino, Director
Risk Committee
Alejandro Guerrero
Finance Committee
Adrian Cosentino
Technical Committee
Aleandra Scafati
Technical Committee
External Agency with Multimedia Design
Executive Director
External Agency
with Sacial Media Manager
Sales Representative
Office Manager
Sales Representative
IT manager
Seed Capitalization
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.
Carbon Credits Commercialization
Seed funding from the seed investment fund guarantees operations and licenses through 2025 and increases the valuation of BACX.
Carbon Credits Capitalization
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.
Operations, Working Team, Exclusive Licenses and Memberships
Sales Channels
B2B
Opening 500 company accounts with the purchase of 300 national credits - 100 for each mixed project - with insurance and rating.
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.
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).
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.
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.
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.
Commissions and Fees
BACX will operate in the voluntary carbon market with the following sources of income.
Commissions it will receive for intermediation in the trading of carbon certificates.
Revenues from the incorporation of credits to the ACF.
value on carbon credits contribution
value on ACX exclusive license
value on future sales
BACX Valuation
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.
