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September 18, 2024 Today, Frontier, the advance market commitment for carbon removal, announced that it selected Flux as part of its 2024 prepurchase cycle. Flux removes carbon dioxide from the atmosphere using Enhanced Rock Weathering in Africa. Frontier was founded by Stripe, Alphabet, Shopify, Meta, and McKinsey Sustainability, and members have committed to purchase over …
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After an “extraordinarily competitive selection process”, Milkywire has selected Flux among 13 new carbon dioxide removal (CDR) suppliers for the Climate Transformation Fund. Flux’s mission is to unlock the potential of Enhanced Rock Weathering (ERW) in Africa to capture carbon and help farmers restore their soils. This commitment signifies a huge milestone for the industry …
Continue reading “FLUX selected to deliver Enhanced Rock Weathering credits to Klarna via Milkywire”
CYNK, KenGrow and UNCCD join new climate-smart agriculture project to empower female farmers Together KenGrow, Flux, Hiveonline and CYNK will deliver digital infrastructure alongside new regenerative agriculture techniques to increase climate finance inclusion for Kenyan women in rural communities. Dubai, December 2023. CYNK, a leading climate finance platform founded in Nairobi, Kenya, announces a …
Together KenGrow, Flux, Hiveonline and CYNK will deliver digital infrastructure alongside new regenerative agriculture techniques to increase climate finance inclusion for Kenyan women in rural communities. watch the full video here
Africa’s first verifiable emissions reduction platform has begun operations with a carbon futures transaction of more than two million credits, a continental record. Nairobi-based CYNK traded the credits, which will be produced by Tamuwa, Kenya’s largest biomass company, it said in a response to questions. This “showcases the potential for climate projects and sovereign nations in …
Continue reading “First African Offsets Platform Begins With Record 2 Million Credit Trade”
Douala, Cameroon – In a significant move to scale permanent carbon dioxide removal in Africa, Flux, a pioneer in Enhanced Rock Weathering (ERW), and African Food Security, an agricultural development company, have signed a Memorandum of Understanding (MOU) to implement a large-scale ERW project in Cameroon. This collaborative effort has the potential to permanently remove …
Africa’s first carbon credit futures based on emissions reductions related to the use of efficient cook-stoves have been sold by Kenya’s BURN. The company sold 10,000 forward contracts at $25 each and 50,000 call options, which can be exercised at the same price during the next seven years, over CYNK, a Nairobi-based platform, the two companies said …
Continue reading “BURN Sells Africa’s First Cook-Stove Carbon Credit Futures”
Bloomberg CYNK, a Nairobi-based platform set up initially to trade carbon credit futures, has partnered with a United Nations agency to explore selling biodiversity credit futures based on some of the world’s most most famed nature areas. The platform will work on a pilot project with US-based Regenerative Resources to forward sell the credits from a project …
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CYNK, a Kenya-based carbon offsets trading platform, said on Tuesday it had handled a carbon futures trade of more than 2 million credits, its CEO said. CYNK, which said it is the first carbon offsets exchange in Africa, did not provide details on who the beneficiaries were. “This trade of over 2 million forward carbon …
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frica’s first climate summit drew towards a close this morning. Two dozen heads of state from the continent called on the international community to phase down coal use, abolish fossil fuel subsidies, honour climate finance commitments and create a “new financing architecture more responsive to Africa’s needs”, including debt restructuring and relief. The so-called “Nairobi Declaration” will …
Continue reading “Inside the inaugural Africa Climate Summit”