Argentina has officially opened the doors to its first carbon credit exchange, marking a significant move in the Latin American carbon market. The Bolsa Argentina de Carbono (BACX) began operations nearly 18 months after its initial announcement at COP28 in Dubai. The launch was made possible through a strategic collaboration with Singapore-based ACX, a digital carbon trading platform formerly known as AirCarbon Exchange.
Landscape view of the Selva Misionera rainforest in Argentina, with dense jungle and a distant waterfall at dawn. AI generated picture.
ACX is supplying the digital infrastructure for BACX, allowing the exchange to plug directly into global carbon markets. ‘This collaboration connects a market with great potential to the global carbon economy through ACX’s advanced trading technology’, said William Pazos, ACX’s co-founder and co-CEO. ‘Our goal is to support Argentina and the Americas in accessing international markets and growing its local carbon market.’
Argentina is now poised to become a key player in the voluntary carbon credit space. ‘Argentina has the potential to be one of the largest providers of carbon credits on the planet’, said BACX co-founder and president Alejandro Guerrero.
Read more: World Bank launches carbon credit insurance to boost investor confidence
ACX’s technology suite—developed to ensure transparency, secure transactions, and credit rating reliability—is the backbone of BACX’s operations. This comes after the company wound down its operations in Abu Dhabi in late 2023, shifting its clearing house fully to Singapore following a decline in trading volumes in the Gulf.
To support credit supply, BACX is also establishing a complementary carbon fund aimed at scaling high-quality offset issuances, according to Adrian Cosentino, co-founder and director of the exchange.
UK-based carbon rating agency BeZero has been tapped as the official ratings provider for BACX, providing independent evaluations of all credits traded on the platform.
In parallel to these efforts, ACX has been active in pushing for standardisation across the market. In March, it co-launched the Carbon Data Open Protocol alongside 29 other organisations to enhance data transparency and fungibility in carbon markets.
ACX’s broader footprint includes partnerships across Brazil, Vietnam, Japan, and Indonesia, and it has previously supported carbon trading for E.ON’s Dubai-based platform, Seagrass.
Read more: Carbon credit price guide: Understanding spot, forward, and market factors
The launch of Argentina’s first carbon exchange signals a new chapter in the evolution of transparent and scalable carbon markets across Latin America. As platforms like BACX connect local potential with global demand, the spotlight shifts to projects that deliver both credibility and impact. At DGB Group, our nature-based solutions are built for exactly this moment, offering verified carbon units, measurable ecosystem restoration, and long-term community value. The opportunity to invest in high-integrity, future-proof solutions is here. Learn how you can take part in this global transition by supporting projects that regenerate nature and deliver meaningful returns.
