Carbonmark Partners with GRO Foundation to Facilitate Trade of Ex-Ante Credits and Drive Climate Innovation in Uganda
Carbonmark, the global marketplace for environmental assets, has announced a strategic partnership with the GRO Foundation, an organization dedicated to funding high-impact social and climate projects in Africa. This collaboration is set to streamline the trade of ex-ante carbon credits from GRO’s innovative afforestation projects in Uganda, which will be made possible through Carbonmark’s direct integration with the International Carbon Registry (ICR).
The GRO Initiative focuses on afforestation in Uganda, working with local communities to restore critical biodiversity while addressing social and economic challenges. The partnership with Carbonmark will amplify GRO’s ability to scale its projects and provide vital financial incentives for conserving and restoring Uganda’s forests and ecosystems. By leveraging Carbonmark’s advanced blockchain infrastructure, the trade of ex-ante credits will be seamless, transparent, and efficient, creating new opportunities for climate-conscious investors and project developers.
Carbonmark’s Direct ICR Registry Integration
Carbonmark’s integration with the ICR Registry allows for the secure and efficient listing and trading of GRO’s ex-ante carbon credits. This digital infrastructure provides a single access point for market participants, automating critical processes, reducing counterparty risk, and ensuring transparency throughout the transaction. With instant settlements and enhanced provenance tracking, Carbonmark simplifies environmental asset management, making investing in nature-based solutions easier.
“We’re thrilled to partner with GRO Foundation to support their mission of restoring Uganda’s forests and empowering local communities,” said Andrew Bonneau, Managing Director at Carbonmark. “This partnership not only enhances the visibility and trade of ex-ante credits but also showcases the potential of advanced digital technology to scale climate action efficiently.”
GRO’s Innovation in Climate Finance
The GRO Foundation and its GRO Initiative is a social-impact organization dedicated to planting 1 billion trees and helping to lift millions of individuals and families out of poverty by 2030 through creating sustainable livelihood projects and connecting grassroots communities to the global carbon market.GRO Foundation is pioneering climate finance solutions that benefit Uganda's vulnerable communities, women, and youth. The afforestation project, implemented under CDM-methodology AR-ACM0003 and ISO-14064 standards, focuses on re-establishing natural biodiversity by restoring forest reserves, riverlands, and pocket forests. The initiative also provides co-benefits by supporting rural electrification, water and food security projects, and job opportunities for local communities.
At the core of GRO’s methodology is its grassroots approach, incentivizing communities to act as stewards for forest restoration. Participants are rewarded with microfinance opportunities and a share in the profits from carbon sales, ensuring long-term involvement and sustainable impact. By partnering with Carbonmark, GRO can now scale these efforts through the trade of ex-ante credits, bringing much-needed capital to fund these transformative projects.
“Our collaboration with Carbonmark is a game-changer for GRO,” said Paul Flynn, Founder and Trustee at GRO Foundation. “With Carbonmark’s advanced platform, we can accelerate the trade of carbon credits while ensuring the communities we work with benefit directly from these projects. Together, we’re creating a model for how nature-based solutions and innovative finance can drive environmental and social impact.”
The collaboration between Carbonmark and GRO Foundation marks a significant step forward in the fight against climate change. It combines GRO’s innovative social impact projects with Carbonmark’s cutting-edge platform. Together, Carbonmark and GRO Foundation are setting a new standard for how technology and nature-based solutions can work hand in hand to drive both environmental and social impact, creating a scalable model for addressing global climate challenges.
About Carbonmark
Carbonmark is a cutting-edge platform that connects environmental markets to the global economy. By employing blockchain infrastructure, Carbonmark facilitates the seamless flow of environmental assets, ensuring transparent pricing, efficient settlements, and increased market confidence. Carbonmark is dedicated to scaling environmental markets and supporting climate action by simplifying access to carbon credits and other environmental commodities.
About GRO Foundation
The GRO Foundation has the vision to tackle global poverty and environmental challenges in alignment with the United Nations Sustainable Development Goals. Our mission is to empower communities and make them independent of charity by creating high-paying jobs, strengthening food and water security infrastructure, and providing microfinance for education, skills development, and businesses that create prosperity at a grassroots level. In exchange for our support, we work with these communities to restore natural forest cover, generating premium carbon offset certificates that meet the highest standards of biodiversity and integrity. This provides a leading solution for the Net-Zero market while creating sustainable funding for transformative, high-impact projects. For more information, visit www.grofoundation.io.
Related Posts
