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Aera buys forward $7.7M CO2 certificates

MEDIA - 211122 - Picture - - TOP; Factory; Workers; Cooking Stoves; OBEN (ID 15373)

Aera signs its largest forward purchase of CO2 certificates for a total value of USD 7,7 million. The contract covers all emissions reduction generated from energy efficient cookstoves program in Tanganyika Lake region (DRC). The deal provides $2M prepayment to help kick off activities.

About the project :

This program is supported by OBEN, a local NGO with a solid track record, active in climat projects for more than 15 years and already operating 5 successful carbon programs, they employ 350 staff and generates $2M of turnover per year.