AFRICA – Nexum Foundation INC has partnered with HBKDOP and The Climate Group Africa to launch a new online carbon credits exchange distribution platform in Africa.
Committed to the vision of data disruption in the oil and shipping industry and blue investments, Nexum Foundation actively supports technological disruptions that leverage innovative data models toward a more sustainable planet.
The company promotes blockchain technology with real economic fundamentals and tokenization of valuable assets and services for the community concerned.
Driven by this principle Nexum Foundation has agreed to provide its cutting-edge technology platform to power a new carbon credits exchange based on blockchain technology.
In partnership with HBKDOP Dubai, UAE, and The Climate Group Africa Limited, Kenya, they will develop an online carbon credits exchange that will act as the exclusive market conduit for the carbon credits awarded to The Climate Group Africa through its activities.
Their aim is through this new carbon credits distribution platform to facilitate and promote the tokenization process of the carbon credit industry.
The three institutions have decided to join forces and united their complementing expertise aiming to promote Africa’s interest and increase its presence in the international carbon credit industry and bring benefits to the local communities.
HBKDOP is an establishment dedicated to executing infrastructure projects globally such as energy, agriculture, oil and gas, and financial services with a particular interest in the renewables sector.
“We are excited with this new collaboration. Shipping is considered a major polluter. That might not be a fair characterization considering that it facilitates more than 80% of the global trade,” said Panagiotis Georgolios, founder of Nexum Foundation.
“This initiative allows the foundation a strategic position in the carbon credit industry and supports our mission to promote the tokenization process of assets and services with tangible economic fundamentals and valuable offerings in the maritime world.”
Climate protection and innovation are among the fundamental building blocks for making the continent’s future sustainable.
The African governments are trying to promote activities and innovations aimed at environmental conservation and sustainability.
Supporting the carbon future science-based approach with joint partners, delivering vital element, traceability and transparency, and hence the need for business and governments in working together towards building a sustainable society.
Liked this article? Subscribe to DealStreet Africa News, our regular email newsletter with the latest news, deals, and insights from Africa’s business, economy, and more. SUBSCRIBE HERE
