Key Carbon & Marex Group Announce Carbon Financing and Investment
Key Carbon and Marex Group have announced a partnership where Marex will take a minority stake in Key Carbon and provide financing for carbon offset projects. The funding will primarily support the production and distribution of low-emission, affordable cookstoves in Africa through Key Carbon's joint venture with BURN Manufacturing, Global Cookstoves.
Key Carbon has already provided US$45 million in funding to Global Cookstoves, expanding projects across eight African countries. This partnership will allow Marex to access a wider carbon client base and carbon credit streams, supporting its growth in the environmental business sector.
With Marex's funding, Key Carbon will have financed over 1.5 million biomass-fuelled cookstoves, impacting an estimated 7.5 million people. These cookstoves and other Key Carbon projects are expected to avoid or remove more than 46 million tonnes of CO2 or CO2 equivalent.
Key Carbon e Marex Group hanno annunciato una partnership in cui Marex assumerà una partecipazione minoritaria in Key Carbon e fornirà finanziamenti per progetti di compensazione del carbonio. I fondi sosterranno principalmente la produzione e distribuzione di stufe a basso emissione e accessibili in Africa tramite la joint venture di Key Carbon con BURN Manufacturing, Global Cookstoves.
Key Carbon ha già fornito 45 milioni di dollari USA in finanziamenti a Global Cookstoves, espandendo i progetti in otto paesi africani. Questa partnership permetterà a Marex di accedere a una clientela più ampia nel settore del carbonio e ai flussi di crediti di carbonio, supportando la sua crescita nel settore ambientale.
Con i fondi di Marex, Key Carbon avrà finanziato oltre 1,5 milioni di stufe a biomassa, impattando circa 7,5 milioni di persone. Queste stufe e altri progetti di Key Carbon dovrebbero evitare o rimuovere più di 46 milioni di tonnellate di CO2 o equivalente di CO2.
Key Carbon y Marex Group han anunciado una asociación en la que Marex adquirirá una participación minoritaria en Key Carbon y proporcionará financiamiento para proyectos de compensación de carbono. La financiación apoyará principalmente la producción y distribución de cocinas de bajo costo y bajas emisiones en África a través de la empresa conjunta de Key Carbon con BURN Manufacturing, Global Cookstoves.
Key Carbon ya ha proporcionado 45 millones de dólares EE.UU. en financiamiento a Global Cookstoves, expandiendo proyectos en ocho países africanos. Esta asociación permitirá a Marex acceder a una base de clientes de carbono más amplia y a flujos de créditos de carbono, apoyando su crecimiento en el sector ambiental.
Con el financiamiento de Marex, Key Carbon habrá financiado más de 1,5 millones de cocinas de biomasa, impactando a aproximadamente 7,5 millones de personas. Se espera que estas cocinas y otros proyectos de Key Carbon eviten o eliminen más de 46 millones de toneladas de CO2 o su equivalente en CO2.
Key Carbon과 Marex Group이 파트너십을 발표했습니다. Marex는 Key Carbon의 소수 지분을 인수하고 탄소 상쇄 프로젝트에 대한 자금을 지원할 것입니다. 이 자금은 주로 Key Carbon이 BURN Manufacturing과 함께하는 조인트 벤처인 Global Cookstoves를 통해 아프리카의 저탄소 및 저렴한 요리 stove의 생산과 유통을 지원합니다.
Key Carbon은 이미 Global Cookstoves에 4,500만 달러를 지원하여 8개 아프리카 국가에서 프로젝트를 확장했습니다. 이 파트너십은 Marex가 더 넓은 탄소 고객층과 탄소 배출권 흐름에 접근할 수 있도록 하여 환경 비즈니스 분야에서의 성장을 지원할 것입니다.
Marex의 지원으로 Key Carbon은 150만 개의 바이오매스 연료 조리기구를 금융 지원하여 약 750만 명에게 영향을 미칠 것입니다. 이러한 요리 기구와 Key Carbon의 다른 프로젝트는 4,600만 톤의 CO2 또는 이산화탄소 동등량을 피하거나 제거할 것으로 예상됩니다.
Key Carbon et Marex Group ont annoncé un partenariat dans lequel Marex prendra une participation minoritaire dans Key Carbon et fournira un financement pour des projets de compensation carbone. Ce financement soutiendra principalement la production et la distribution de cuisinières à faibles émissions et abordables en Afrique via la coentreprise de Key Carbon avec BURN Manufacturing, Global Cookstoves.
Key Carbon a déjà fourni 45 millions de dollars américains à Global Cookstoves, permettant l'expansion de projets dans huit pays africains. Ce partenariat permettra à Marex d'accéder à une base de clients carbone plus large et à des flux de crédits carbone, soutenant ainsi sa croissance dans le secteur environnemental.
Avec le financement de Marex, Key Carbon aura financé plus de 1,5 million de cuisinières à biomasse, impactant environ 7,5 millions de personnes. Ces cuisinières et d'autres projets de Key Carbon devraient éviter ou éliminer plus de 46 millions de tonnes de CO2 ou l'équivalent en CO2.
Key Carbon und Marex Group haben eine Partnerschaft angekündigt, in der Marex eine Minderheitsbeteiligung an Key Carbon übernehmen und Finanzierungen für Kohlenstoffausgleichsprojekte bereitstellen wird. Die Finanzierung wird hauptsächlich die Produktion und den Vertrieb von günstigen, emissionsarmen Kochern in Afrika über die Joint Venture von Key Carbon mit BURN Manufacturing, Global Cookstoves, unterstützen.
Key Carbon hat bereits 45 Millionen USD an Global Cookstoves bereitgestellt und Projekte in acht afrikanischen Ländern ausgeweitet. Diese Partnerschaft wird Marex den Zugang zu einer breiteren Kohlenstoffkundenbasis und Kohlenstoffgutschriftenströmen ermöglichen, was das Wachstum im Umweltgeschäft unterstützen wird.
Mit der Finanzierung von Marex wird Key Carbon über 1,5 Millionen biobetriebene Kochgeräte finanziert haben, die geschätzt 7,5 Millionen Menschen beeinflussen. Diese Kochgeräte und andere Projekte von Key Carbon werden voraussichtlich mehr als 46 Millionen Tonnen CO2 oder das Äquivalent davon vermeiden oder entfernen.
- Marex Group taking a minority stake in Key Carbon, providing additional financing
- Key Carbon has already funded US$45 million for cookstove projects in Africa
- Partnership expected to expand Key Carbon's reach to 1.5 million cookstoves across 8 African countries
- Projects funded by Key Carbon expected to avoid or remove over 46 million tonnes of CO2 equivalent
- Partnership allows Marex to access wider carbon client base and carbon credit streams
- None.
Insights
This partnership between Key Carbon and Marex Group marks a significant development in the voluntary carbon market (VCM). Key Carbon's focus on high-quality carbon offset projects, particularly in Africa, aligns with growing demand for credible carbon credits. The
The deal provides Marex with access to a steady stream of carbon credits and expands its environmental business. This is important as more companies seek to offset emissions and transition to low-carbon operations. The projected 46 million tonnes of CO2 equivalent avoided or removed is substantial, potentially representing significant value in the carbon markets.
For investors, this partnership signals increased institutional interest in the VCM, which could drive market growth and liquidity. However, it's important to note that carbon markets remain volatile and subject to regulatory risks. The emphasis on project quality and governance is a positive sign for market integrity, which has been a concern for many investors.
The partnership's focus on financing low-emission cookstoves in Africa addresses a critical environmental and social need. These projects not only reduce carbon emissions but also improve air quality and health outcomes for local communities. The scale of impact is significant, with 1.5 million cookstoves benefiting an estimated 7.5 million people across 8 African countries.
From an environmental perspective, the projected 46 million tonnes of CO2 equivalent avoided or removed is substantial. This equates to the annual emissions of a small country, highlighting the potential of targeted interventions in developing regions.
Investors should note that such projects often generate high-quality carbon credits due to their additional social co-benefits. These credits typically command premium prices in the voluntary market, potentially leading to better returns. However, the long-term success of these projects depends on continued community adoption and proper maintenance of the cookstoves, factors that require ongoing monitoring and support.
VANCOUVER, British Columbia and LONDON, Sept. 26, 2024 (GLOBE NEWSWIRE) -- Key Carbon and Marex Group Plc (“Marex”) today announce a partnership whereby Marex will take a minority stake in Key Carbon and provide financing for carefully-sourced offset projects.
Key Carbon sources and finances carbon credit projects and provides ongoing governance, monitoring and operational support to ensure its projects are held to the highest quality and integrity standards. The funding from Marex will predominantly be used to help finance the production and distribution of low-emission, affordable cookstoves within Africa through the project developer Global Cookstoves, Key Carbon’s joint venture with BURN Manufacturing (“BURN”). To date, Key Carbon has provided US
This partnership will allow Marex to gain access to a wider carbon client base as well as streams of carbon credits, as it seeks to grow its environmental business and support clients as they transition to a low carbon economy.
Inclusive of this latest funding from Marex, Key Carbon will have funded over 1.5 million biomass-fuelled cookstoves across 8 countries in Africa, improving the lives of an estimated 7.5 million people. These highly efficient cookstoves, along with other projects funded by Key Carbon, are expected to avoid or remove more than 46 million tonnes of carbon dioxide (“CO2”) or CO2 equivalent.
Luke Leslie, Co-Founder and CEO of Key Carbon, said: “This latest partnership is a powerful endorsement of our approach to investing in the VCM and demonstrates our ongoing ability to attract meaningful funding in a challenging market through our robust approach to sourcing and governance. Partnerships like this will be critical to accelerating climate action and delivering tangible benefits to vulnerable communities.”
Bastien Declercq, Head of Environmental at Marex, said: “This partnership will allow us to further diversify our emissions offering and give us access to a new range of market participants that we can service through our comprehensive platform. Reliable access to trustworthy sources of carbon credits has held the market back in the last few years. By moving up the value chain we can play a more relevant role for our clients in helping them to transition to a greener future.”
About Key Carbon
Founded in 2021, Key Carbon is a permanent capital vehicle, building a large, diversified portfolio of high-integrity carbon credit streams and royalties for corporates and other organisations on their journey to Net Zero. Since incorporation, the Company has financed several critical projects including the planting of 3.75 million trees and the distribution of clean cookstoves to an estimated 7.5 million people across Africa. The company’s mission is to help combat climate change, improve local biodiversity, soil health and water quality, and benefit some of the world’s most vulnerable communities. For further information, please visit our website at www.key-carbon.com.
About Marex
Marex Group plc (NASDAQ: MRX) is a diversified global financial services platform providing essential liquidity, market access and infrastructure services to clients across energy, commodities and financial markets. The Group provides comprehensive breadth and depth of coverage across four core services: Clearing, Agency and Execution, Market Making and Hedging and Investment Solutions. It has a leading franchise in many major metals, energy and agricultural products, executing around 129 million trades and clearing 856 million contracts in 2023. The Group provides access to the world’s major commodity markets, covering a broad range of clients that include some of the largest commodity producers, consumers and traders, banks, hedge funds and asset managers. Headquartered in London with more than 35 offices worldwide, the Group has over 2,000 employees across Europe, Asia and the Americas. For more information visit www.marex.com.
FAQ
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