Deals21 Aug 2024, 05:04 pm
EKI Energy Services Granted 1.4 Million Tonnes of Carbon Credits for Clean Cooking Initiative in Malawi
AI Summary
EKI Energy Services Limited has received a Letter of Authorization (LOA) from the Ministry of Natural Resources and Climate Change (MNRCC) of Malawi for its Improved Cookstove Distribution project. This authorization allows EKI to issue up to 1.4 million tonnes of carbon credits over the project's crediting period from January 12, 2023, to January 11, 2030. EKI has already distributed nearly 25,000 improved cookstoves and aims to reach 50,000 households, benefiting nearly 250,000 individuals. The project contributes to reducing greenhouse gas emissions and improving the quality of lives of underprivileged communities in Malawi.
Key Highlights
- EKI granted permission to issue 1.4 million tonnes of carbon credits for its clean cooking initiative in Malawi.
- EKI has already distributed 25,000 cookstoves, targeting 50,000 households to benefit 250,000 people.
- EKI is actively involved in the manufacturing and distribution of improved cookstoves in multiple countries.
- The project contributes to reducing greenhouse gas emissions through the distribution and usage of improved cookstoves.
- EKI's clean cooking initiative supports climate action and improves environmental health.