EKI Energy Applauds Landmark Approval of High-Integrity Carbon Credits

EKI Energy Services Ltd. (EKI), a leading global developer and supplier of carbon credits in International Carbon Markets, has strongly supported the recent approval by the Integrity Council for the Voluntary Carbon Market (ICVCM). This decision marks a significant step forward in ensuring the integrity and effectiveness of carbon credits within the voluntary market.

The ICVCM’s approval signifies the successful completion of the third instalment of its ongoing assessment series. This rigorous process has resulted in the endorsement of seven carbon crediting methodologies. These methodologies, now recognised for meeting the stringent Core Carbon Principles (CCPs), represent an estimated 27 million carbon credits. The associated projects focus on mitigating potent greenhouse gases by capturing methane emissions from landfills and eliminating ozone-depleting substances (ODS) from discarded appliances like refrigerators and air conditioners.
Alignment with Global Efforts
EKI applauds the ICVCM’s commitment to high-integrity carbon credits, which aligns perfectly with the Biden-Harris Administration’s recently announced principles for robust voluntary carbon markets. While Voluntary Carbon Markets (VCMs) offer significant potential for combating climate change, concerns have been raised regarding the overall integrity and credibility of carbon credits.

“The approval of these high-integrity carbon crediting methodologies by the Integrity Council is a monumental step forward for the voluntary carbon market. At EKI, we believe that robust standards and transparent practices are essential for driving meaningful climate action. We are proud to support the Integrity Council’s efforts and look forward to contributing to a sustainable and resilient future,” said Mr Manish Dabkara, Chairman & MD of EKI Energy Services Ltd. (EKI).

In another release, EKI Energy Services Limited announces that WOCE Solutions Private Limited, an EKIESL affiliate firm, has introduced an innovative AI-powered platform, ‘esgpro.ai’ to assist local and foreign companies in managing environmental, social, and governance (ESG) compliance and reporting. This cutting-edge platform provides a comprehensive suite of features, including an ESG dashboard, reporting tools aligned with global frameworks like TCFD (Task Force on Climate-Related Financial Disclosures), CDP (Carbon Disclosure Project), and SASB (Sustainability Accounting Standards Board), and decarbonisation roadmap development for companies.

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. It is based on several secondary sources on the internet and is subject to changes. Please consult an expert before making related decisions.