EKI Energy, First Source Energy enter JV to launch India's first ever Climate EdTech

28 Oct 2022 , 09:24 AM

EKI Energy Services Limited, a leading developer, and supplier of carbon credits around the world, announced that it has partnered with First Source Energy India Pvt. Ltd. and its promoter and promoter group to form a first-of-its-kind joint venture that will play a pivotal role in India’s climate change industry as the country’s first-ever Climate EdTech as well as Climate Finance Marketplace.

ClimaCool Projects & EduTech Ltd. will be the joint venture’s name. It will facilitate the mobilisation of funds to drive investments for strategic climate interventions such as community-based projects, sustainability, and renewable energy projects, among others, around the world.

The joint venture will drive focused educational initiatives and offer specialised courses across a range of climate subjects such as carbon market, carbon accounting, carbon credits, climate finance, renewable energy, electric vehicle, green hydrogen, ESG, net-zero, and others, with a strong focus on developing a strong talent pool for the country’s rapidly growing climate change industry.

The entity will develop projects that will provide rural homes with easy access to essential home needs such as cooking solutions, drinking water, and lighting solutions that are climate-friendly technological advancements, with a strong emphasis on community development.

These projects will also strengthen the backward integration of the carbon credit supply chain by providing high-quality credits while mitigating GHG (Greenhouse Gases).

The venture will collaborate with industry leaders and experts to organise EdTech events, workshops, and webinars to drive focused educational initiatives for professional training and capacity building. The joint venture will serve as a platform for aggregating climate-dedicated funds from around the world for investments in energy-efficient projects.

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