CaVeX (Carbon Value Exchange)

Target SDGs

Target Users (Target Impact Group)

Community, Small and Medium-sized Enterprises

Distributors / Implementing Organizations

4R Digital

Regions

Africa, East Africa, Southeast Asia, Sub-Saharan Africa

Countries

Kenya, Nigeria, Senegal

Manufacturing/Building Method

The platform was developed by 4R Digital

Intellectural Property Type

Copyright

User Provision Model

Free registration in the website. Users access the platform via the internet; project developers register their projects, and buyers purchase carbon credits through the platform

Distributions to Date Status

The platform is currently undergoing tests with various projects, including waste-to-energy, clean cooking, reforestation, electric vehicles, distributed solar, and solar irrigation.

Design Specifications

CaVeX is a cloud-based digital marketplace developed by 4R Digital. It facilitates the collection, verification, and monitoring of data on climate-positive actions from small projects. The platform converts these activities into carbon credits tradable on the voluntary carbon market. It leverages technologies such as remote sensing, IoT, and digital payments to ensure accuracy, transparency, and efficiency.

Technical Support

Users can access technical support directly through 4R Digital. Support channels include email and contact forms available on the official website.

Replacement Components

N/A

Lifecycle

The platform is designed for continuous operation with regular updates and maintenance to incorporate new features and ensure compliance with evolving standards.

Manufacturer Specified Performance Parameters

CaVeX (Carbon Value Exchange) aims to achieve significant impact over a five-year period, including offsetting or sequestering 6 million tonnes of carbon emissions, enabling 2 million households to increase income through platform access, scaling operations to at least six countries, and facilitating £100 million in carbon value traded.

Vetted Performance Status

Independent auditing with specialist organizations is underway to complete a full audit.

Safety

As a digital platform, there are minimal physical safety concerns. Data security and privacy are managed through standard cybersecurity measures.

Complementary Technical Systems

Internet of Things (IoT) devices for data collection. Mobile payment systems like M-PESA for fund transfers. Digital monitoring tools for project verification.

Academic Research and References

Compliance with regulations

CaVeX operates within the framework of the Voluntary Carbon Market (VCM), adhering to standards set by recognized bodies such as Verra and the Gold Standard. These standards ensure that carbon credits are generated through verified and additional emission reductions. While the VCM is not regulated by governmental authorities, it follows rigorous methodologies to maintain the integrity of carbon credits.

Evaluation methods

CaVeX  relies on IoT devices and remote sensing to monitor activities in real time, and uses digital systems to verify the accuracy of the data collected. An immutable digital ledger records all transactions to ensure transparency and prevent double counting. Additionally, third-party audits are conducted by independent organizations to validate project data and carbon credit generation.

Other Information

N/A