Renewvia Environmental Exchange (REX) is starting a project to use blockchain tokenisation to improve the accuracy, transparency, and scalability of certified carbon and renewable energy credits across Africa.
Renewvia Energy Corporation is a US-based solar development and financing enterprise.
Through its wholly-owned subsidiary REX, the company is employing technology to directly address the constraints of Africa's voluntary carbon market, which has previously struggled with transparency and credit issuance efficiency.
Renewvia's approach involves local communities and employs blockchain technology principles to encourage investment in renewable energy projects that create verifiable credits.
The company yesterday announced the engagement of a three-year, multi-country turnkey carbon solution for a global conglomerate operating across Angola, Cameroon, Ivory Coast and Senegal.
“As Africa’s carbon markets move toward a projected fourfold expansion by 2030, corporations face a critical question: not whether to participate, but whether their platform can deliver verified impact at scale,” said Trey Jarrard, Chief Executive Officer at REX.
He added: “Tokenisation is the cornerstone of REX’s ability to deliver precision, transparency, and trust in carbon markets.”
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