How CYNK and Tamuwa are setting the path towards a cleaner and more sustainable future
- Published By Jedida Barasa For The Statesman Digital
- 1 year ago
Tamuwa is one of Kenya's leading renewable biomass companies specialising in the conversion of agricultural waste, sugarcane bagasse, into a reusable, high quality, high energy alternate fuel source; Tamuwa premium briquettes and pellets.
Tamuwa provides renewable fuels to key industries across the region helping to prevent deforestation
Earlier this month CYNK, Africa's first emissions reduction platform handled a carbon futures trade of over 2 million credits from Tamuwa’s renewable project at the Africa Climate Summit.
Nils Razmilovic, CEO at Tamuwa said, “Tamuwa is a powerful use case of what is possible when transparency and quality is built into each step of the carbon credit value chain. We have witnessed the benefits of a huge level of control in data collection and an immutable audit trail.”
He added, “Our landmark trade illustrates the value of carbon credits as an asset class for the Global South which can create climate action and benefits for local communities.”
“Through establishing and clarifying the value of high-quality carbon credits in Africa and tracking the impact on the ground through a clear and transparent platform connecting projects to climate markets, CYNK has established the power and potential of carbon trading built for the Global South."
CYNK has been developed in response to challenges of voluntary carbon markets being tainted by misrepresentations around standardisation and misestimations of credits.
As a leading innovator in climate finance, also known as Regenerative Finance (ReFi), CYNK offers key technology solutions for the creation of high-quality ESG assets and financial marketplace solutions to accelerate financing for climate action with social impact at the core.
CYNK’s decentralised exchange is built for the trading of climate assets to enable global investor participation into liquid and transparent climate markets, and Launchpad, offering pre financing for high quality projects via Initial Green Offerings.
To Carbonport a blockchain reporting platform for a global climate over the counter (OTC) market to bring significant OTC liquidity to climate markets, CYNK provides a range of solutions for the full life cycle of projects.
The CYNK platform has been designed in Africa by teams with significant experience in projects on the ground. CYNK helps gain trust for projects post financing by ensuring that these projects’ progress, both from a carbon and social impact perspective, is monitored in real time using the latest technologies.
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