Africa has a cohort of businesses well placed to take advantage of alternative and cheaper forms of funding to invest in alternative clean energy projects to scale and grow their businesses.
Many emerging pre-revenue SMMEs struggle to access funding to grow and export their products to global markets.
Many larger corporates utilise debt, to fund projects to mitigate load shedding by investing in clean energy production to reduce carbon tax liabilities or achieve to Net Zero.
At this webinar, Impact Investment Group ("Impact") and Seed10X ("S10X") are launching a service offering for Africa to unlock Carbon Finance as an alternative to reduce or replace Debt Finance arrangements.
S10X can develop fungible voluntary carbon credits ("Carbon Credits") alongside its international shareholders, who have more than ten years of experience in the voluntary carbon markets. S10X use their secure portal to register projects and ultimately validate, verify and issue Carbon Credits: Africa Carbon Credit Register("ACR") that can be traded with Carbon Financiers locally or globally.
S10X's ACR issues Carbon Credits under the Paris Agreement. The Paris Agreement is a global initiative by the United Nations that aims to reduce global temperature by 2⁰C and, in the process, get to Net Zero.
The Carbon Credits developed are independently verified and validated under the International Organization for Standardization and the relevant standard required to issue carbon credits.
Impact can unlock Carbon Finance as an alternative cheaper source of funding compared with Debt Funding within 3 to 6 months of onboarding a project and, simultaneously, open grant investment in any of the 17 Sustainable Development Goals.