Zoetic Global announced that it has signed a Memo of Understanding with Ecologistics Integrated Services, a global climate change investment and sustainable development firm, and Tesla Carbon Bank, a voluntary carbon credit program, to facilitate the growth of Africa's carbon market.
The new partnership establishes a cooperative and supportive alliance to support the successful development of Africa's carbon market by leveraging Ecologistics' capabilities and leadership as the Pan-African Ambassador to Carbon Trade Xchange (CTX) for African Carbon Markets and the pioneer of Carbon Finance Alliance for Africa (CFAA). Together, the team will work with key corporations in Africa that stand to benefit from engaging with Zoetic technology to generate carbon credits and carbon reduction certificates.
Zoetic provides companies in Africa a way to access carbon credits by utilizing its portfolio of technologies, which include innovative refrigerants' projects that are well-positioned to make an important impact. Companies that work with Zoetic save 20-40 percent on their energy bills and receive carbon credits based on sensor's precise monitoring of their HVAC systems. Global cooling is a key target as air conditioning needs are projected to triple by 2050 as a result of warming and the growing Africa middle class.
"It is a great honor to work alongside Ecologistics and Tesla Carbon Bank to expand Africa's fast-growing carbon market. The planet is starting to understand the consequences of using fossil fuel sources. We know we have to change our perspective on energy production and consumption in short order if we are to keep a habitable planet for future generations to come," said Jerome Ringo, Chairman and Co-Founder of Zoetic Global.
"We look forward to working with the team to establish an alliance that supports Ecologistics' mission to devote our skills, manpower, facilities, and other resources necessary for the successful development of carbon market in Africa. Together, we are well-positioned to make a positive difference," said Ecologistics President Dr. Paul Abolo.
Pictured at the signing ceremony for the new partnership are: (left to right) Ecologistics President Dr. Paul Abolo; Zoetic Chairman and Co-Founder Jerome Ringo; and Vivaris Capital President & CEO J. Christopher Mizer.
