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CarbonClear, a data-driven carbon credit standard, has announced a strategic partnership with Innovex, a technology firm based in Uganda that designed and builtREMOT, a leading loT platform. This partnership aims to revolutionize the way off-grid solar installations contribute to the global climate effort.
This collaboration will allow Innovexs partners to issue carbon credits from their off-grid solar installations, a first in the industry. By harnessing the power of CarbonClears data-driven carbon credit standard, Innovex hopes to bring transparency and accountability to the carbon offset market.
CarbonC I ears ground breaking carbon avoidance programme, and its underlying Distributed Ledger infrastructure, will serve as the foundation for this partnership. Through an IT integration with its monitoring software, Innovex will enable its users to seamlessly generate Micro Carbon Avoidances (MCAs)from the off-grid solar installations that they operate. These MCAs will then be available to corporate buyers looking to offset their C02 emissions.
The carbon calculations used in this process are based on an established UN Clean Development Mechanism (CDM) methodology and are third-party verified by DNV. This ensures the highest level of integrity and credibility in the carbon credits issued.
The REMOT loT platform is being used across 8 countries in Africa by over 64 solar businesses in the Solar for Productive Used space (PUE). These businesses distribute solar systems and equipment such as solar water pumps, solar maize mills, cold storage units to mention but a few. Apart from remote performance monitoring of these assets, RE MOT is also a first in bringing smarf Pay as you Go technology in the PUE space.
This partnership between Innovexand CarbonClear, by offering a practical, data-driven solution for issuing carbon credits, the two companies are not only advancing the afford ability of high-quality products but also fostering positive impacts on local communities.
Rachid Jabbar, COO and co-founder of CarbonClear, expressed his excitement about the partnership, stating, "Working with Innovexto develop and implement mechanisms for climate finance has the potential to unlock much-needed capital streams for those involved in the off-grid sector. Doing so programmaticaIly, in a data-driven manner, will add robustness and integrity to the climate market, directing climate funds where they are most needed, in a results-based and traceable fashion." |
