Agriculture
June 11, 2024
Ethiopian Commodity Exchange (ECX)
Read SolutionImplemented by
Ethiopian Commodity Exchange (ECX)
Updated on May 14, 2024
·Created on December 6, 2022
A platform that monetizes carbon reduction and sequestration activities from a range of micro-small projects.
CaVex is a digital platform that opens the doors to small clean projects that are currently excluded from the voluntary carbon market capturing a large amount of data. Digital technology remotely monitors clean projects this data-rich approach leads to accuracy by reducing the need for site visits smaller project owners benefit from the lower verification cost, creating a more inclusive marketplace.
Cavex continuously converts climate-positive activities to carbon credits tradable on the carbon voluntary market. Buyers can search for credits by project type or location and complete their purchases on the platform. The integrated digital ledger provides immutable records of transactions eliminating the risk of double counting and funds from sales of carbon credits flow directly to the people and communities running the project with the highest level of transparency.
Target SDGs
SDG 13: Climate Action
Target Users (Target Impact Group)
Small and Medium-sized Enterprises
Distributors / Implementing Organizations
4R Digital
Manufacturing/Building Method
The platform was developed by 4R Digital
Intellectural Property Type
Select Type
User Provision Model
Free registration in the website
Distributions to Date Status
N/A
Design Specifications
Using technology advancements in remote sensing, device connectivity (the “Internet of Things”, or “IoT”) and digital payments, the platform enables micro-small projects to be rewarded for reducing or removing carbon emissions in a highly transparent, auditable and fair way. The objective of CaVEx is to use available technologies to reduce the costs of collecting project related data without compromising quality.
Technical Support
Provided by 4R Digital.
Replacement Components
N/A
Lifecycle
N/A
Manufacturer Specified Performance Parameters
N/A
Vetted Performance Status
N/A
Safety
N/A
Complementary Technical Systems
Laptop or desktop
Academic Research and References
None
Compliance with regulations
N/A
Other Information
N/A
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June 11, 2024
Implemented by
Ethiopian Commodity Exchange (ECX)
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