Carbon Credit
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ENERGY
Kenyan Clean Cooking Startup KOKO Networks Abruptly Shuts Down Amid Carbon Credit Standoff
KOKO Networks, the Kenyan bioethanol cooking fuel provider, has ceased all operations effective immediately. The shutdown follows a protracted standoff with the Kenyan government over the refusal to issue a critical Letter of Authorisation for carbon credit sales. The collapse of the startup, often cited as a poster child for climate finance in Africa, has left over 700 employees jobless…
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SUSTAINABILITY
ME Innovation Fund Invests in Japanese Carbon Credit Monitoring Startup Archeda
Mitsubishi Electric’s ME Innovation Fund has invested in Archeda, a Japanese startup that uses satellite data to develop and provide monitoring and analysis tools for carbon credits. The carbon credit system enables companies and other entities to buy and sell greenhouse gas-reduction outcomes (reduced or sequestered volumes) as emissions-allowance credits. This is the eleventh investment that the fund has made…
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NEWS
Bboxx Launches $100 Million Pan-African Carbon Credit Program for Clean Technologies
Bboxx has achieved Gold Standard carbon credit certification for its clean energy projects in multiple countries in Africa, including Rwanda, Kenya, Togo, and the DRC. This recognition covers solar home systems, PAYGO clean cooking solutions, and solar-powered water pumps, collectively generating over 35,000 carbon credits annually. In total, the projects are expected to offset more than 20 million tons of…
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