Carbon exchanges are an important component of sustainable finance as they enable the sale of carbon credits to reduce emissions. In this episode, we have Bill Pazos, Co-founder and Co-CEO of the AirCarbon Exchange (ACX), which won Environmental Finance’s Best Carbon Exchange award twice. The discussion starts with an overview of the role of carbon exchanges and Bill’s views on the current state of carbon markets and trading. We then delve into ACX's history, shareholders and stakeholders, operations, how carbon credits are organised on the platform, and other aspects. ABOUT BILL.  Bill is a carbon market pioneer who has managed emerging market and high yield investments for more than 25 years and currently serves as director of Kuber Energy, a renewable energy and climate finance advisory company in Singapore.  Previously, he was a Managing Director at Standard Bank.  In this capacity he was the Global Head of Carbon origination and Finance, as well as a member of the board of Standard Merchant Bank Singapore.  As the CEO and founding partner of Ecoinvest Carbon S.A., a joint venture company with Bunge S.A., he built what became one of the world’s largest aggregators of carbon credits.  In his early career he was a bond trader at JP Morgan Chase (MHTCo.) in New York as well as a partner at Dartley a large Emerging Markets Fixed Income Fund.  He holds a Bachelor Degree in Economics with a concentration in Mathematics from The College of Wooster, Ohio, and an MBA in International Management from ASU’s Thunderbird Graduate School of International Management.  HOST, PRODUCTION, ARTWORK: Joseph Jacobelli | MUSIC: Ep0-29 The Open Goldberg Variations, Kimiko Ishizaka Ep30- Orchestra Gli Armonici – Tomaso Albinoni, Op.07, Concerto 04 per archi in Sol - III. Allegro. | FEEDBACK: Email the Host.