New York’s Bluesphere Ventures, a pioneering venture studio specializing in incubating environmental fintech ventures, is acquiring Climate Carbon, Canada’s leading broker of carbon and renewable energy credits.
Vancouver’s Climate Carbon facilitated the sale of over $20 million carbon offsets and forward contracts in 2022.
Bluesphere’s Chairman, Shidan Gouran, expressed his excitement for the new venture. “Our decision to acquire Climate Carbon was primarily driven by their unmatched market intelligence,” Gouran stated. “Danny Takhar, along with his team of analysts, stands out as the most informed brokerage group in the industry.”
“As clients of Climate Carbon, we have reaped considerable benefits from Danny and his team’s proficiency in price discovery and their expertise in analyzing offset projects. His deep understanding of the environmental credit sector is a significant asset, and we are thrilled to welcome him and his team.”
Following the acquisition, the Bluesphere Carbon Exchange will be assimilated into Climate Carbon and rebranded under the Climate Carbon brand.
Danny Takhar, Climate Carbon’s principal, shared his enthusiasm for the acquisition. “With Bluesphere’s resources and commitment to sustainability, I am confident we can enhance our impact,” said Takhar. “This merger will propel us to new heights, enhancing carbon credit accessibility and promoting sustainability globally.”
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