lake-michigan-hills-partners-with-digikerma-to-become-the-first-carbon-neutral-golf-club-in-the-united-states

Lake Michigan Hills Partners With DigiKerma To Become The First Carbon Neutral Golf Club In The United States

 

Lake Michigan Hills Golf Club has become the first carbon neutral golf club in the United States after purchasing CCUS offset credits from DigiKerma. The course has offset all CO2 emissions associated with every round played in 2022.

Lake Michigan Hills chose to offset its emissions using DigiKerma’s Carbon Capture, Utilization, and Storage (CCUS)-derived carbon offset credits, which trade on the company’s CarbonKerma marketplace.

“We think sport can play an important role in a low carbon future. We explored a lot of options to offset our course’s footprint,” a spokesperson said, “But we found the quality of most offset credits to be difficult to ascertain. CarbonKerma credits carry a price premium, but we wanted to offset each golf round played. The ability to break down each tonne of emissions into fractions in a traceable manner allows us to spread the cost of offsetting. The price was worth it, knowing that all their credits, based on Carbon Capture and Storage, are precisely measured and overseen by strict EPA regulations.”

The groundbreaking transaction is set to create a pathway for sporting and entertainment events around the world to help accelerate the deployment of CCUS, a technology that is vital for achieving the Paris Climate Accord targets.

Ahead of his company’s presentation at the ADIPEC 2023 conference in Abu Dhabi, DigiKerma Founder and CEO Irfan Ali noted:

“CarbonKerma’s unique CCUS-based offset marketplace brings an unprecedented level of measurability and transparency to voluntary carbon offsets, which we hope will restore confidence in markets that have been plagued by low quality and a lack of trust.”

He added that, “This decision by Lake Michigan Hills demonstrates their confidence in the integrity of our credits and they are to be applauded for their pioneering spirit. Hopefully, this sets an example for other sporting clubs and events that offsetting properly–through high-quality credits–can play a significant role in achieving our Paris targets.”

The club joins Singapore’s Sentosa Golf Club as only the second golf club in the world to offer carbon neutral golfing. The move represents a significant milestone for DigiKerma, a blockchain-based carbon offset marketplace that is gaining a strong reputation for carbon offset integrity among a number of sectors with hard-to-abate emissions.

About Lake Michigan Hills Golf Club: Established over 40 years ago, Lake Michigan Hills Golf Club is the top-rated public golf course in southwest Michigan. Located in the Benton Harbor/St. Joseph area, golfing greats to have played the course include Payne StewartKenny Perry, and Adam Scott.

About DigiKerma: DigiKerma Inc. is a Virginia-based company that operates the carbon credit trading platform CarbonKerma. DigiKerma is committed to providing scalable offsetting solutions to sectors with hard-to-abate emissions, and helping fund the cost of implementing Carbon Capture, Utilization, and Storage facilities to contribute to the rapid decarbonization of industry.

SOURCE DigiKerma

adss-partners-with-real-time-analytics-leader-kx-to-accelerate-transformational-growth-strategy

ADSS partners with real-time analytics leader KX to accelerate transformational growth strategy

 

ADSS, the Abu Dhabi and London-based financial services firm, has partnered with leading real-time analytics company KX to increase operational efficiency as it rolls out its transformational growth strategy and offers clients greater access to liquidity and a broader range of financial instruments.

ADSS, one of the biggest CFD trading platforms in the Middle East, is making significant investments, and partnering with top-tier technology providers to develop proprietary data processes and multi-asset trading platforms. The adoption of KX technology, incorporating kdb+ the world’s fastest independently benchmarked times series database, has enabled ADSS to better automate and standardize risk management capabilities, reducing margins of error while enhancing execution speeds.  KX enables ADSS to combine both real-time streaming and historic data at speed and scale for richer actionable intelligence and critical split-second decision-making.  Additionally, the integration of KX’s powerful visualization and dashboard capabilities has enabled ADSS to handle large amounts of data without sacrificing the level of real-time high-quality insights required by financial services firms.

Commenting on the partnership, Chris Dale, ADSS’ Co-Head Quantitative Trading, said: “We price more than 2,700 different instruments, which translates to roughly 1 billion market data ticks per day. To react quickly to unexpected market events, we need real-time analysis of vast amounts of both in-flight and historic data. KX enables us to make better-informed business decisions in real-time, improve customer service with both clients and business partners and be more data-driven across our entire business. We see KX as an important strategic partner for ADSS as we continue our transformation into a data-centric business.”

Nikos Tsoskounoglou, ADSS’ Co-Head Quantitative Trading, added: “Continually enhancing the quality of our data and its delivery speed allows us to leverage large amounts of data in real-time and is vital for accelerating our transformation into a more data-driven organization. The new ecosystem for data that we are building will support our internal processes and continue to enhance our agility in a rapidly changing environment. Through our partnership with KX, we are now harnessing data across the business more efficiently, providing our clients with a more seamless experience, superior pricing, products, and levels of customer service.”

Rich Kiel, Global Head of FX Solutions at KX, commented: “Financial markets operate in microseconds, which is why faster access to richer data and insights is becoming a critical requirement for firms across the sector. We’re delighted to be further strengthening our long-standing relationship with ADSS by supporting its transformational growth strategy, helping it democratize access to data and insights across the business, and ultimately deliver even greater value for customers.”