EQ & EKI Enter Into 50:50 JV to Launch launch Market Place for Climate Finance & Projects and Climate EdTech Venture – EQ Mag Pro

Enters into a 50:50 partnership with First Source Energy India Pvt. Ltd. and its promoter to launch India’s first ever Climate EdTech as well as Climate Finance Marketplace

The joint venture entity will be incorporated as “ClimaCool Projects & EduTech Ltd.”

• The entity will drive focused educational initiatives while also mobilizing funds from global markets for sustainable climate projects across the globe
• The entity will drive focused initiatives for community enabling weaker sections of the society to access clean technologies that are also energy efficient like green cooking through Improved Cook Stoves (ICS), water filters and LED Bulbs in remote locations globally
• The entity will also offer professional training, education and certificate courses on climate change and sustainability with specialization across a range of climate subjects including carbon market, carbon accounting, carbon credits, climate finance, renewable energy, electric vehicle, green hydrogen, ESG, net-zero amongst others

Indore : Leading developer and supplier of carbon credits across the globe – EKI Energy Services Ltd., today announced that it has joined hands with a leading energy and environmental professional firm – First Source Energy India Pvt. Ltd. and its promoter and promoter group, to establish 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.

The joint venture will be named – ClimaCool Projects & EduTech Ltd. and it will facilitate mobilization of funds to drive investments for strategic climate interventions like – community based projects, sustainability and renewable energy projects amongst others across the globe.

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

With a deep focus on community development, the entity will develop projects that will enable rural homes with easy access to basic home needs like cooking solutions, drinking water and lighting solutions that are climate friendly technological advancements. These projects will also strengthen the backward integration of carbon credit supply chain with high quality credits with its GHG (Greenhouse Gases) mitigation capabilities.

Mr. Manish Kumar Dabkara, Chairman & MD, EKI Energy Services Ltd. said, “As the world continues to speedily progress towards a carbon neutral future, there is an urgent need to develop skilled talent with specialized expertise on climate change. We want to help bridge this gap while also encouraging more and more people to adopt climate change as a career of choice. In line with this, we are delighted to launch our new venture today that will help us to rope the best from the global academia industry to drive the creation of a strong climate talent pool at global level. The venture will also help us to establish carbon finance marketplace to mobilize funds from global markets for investments in strategic climate mitigation projects across the
world.”

Mr. Anand Gupta, CMD & CEO, First Source Energy India Pvt. Ltd. said “As the Climate Change Movement is propelling the transition to net zero economy faster than ever, we are very excited to have this joint venture with EKI Energy Services Ltd. and create a marketplace to drive finance and investments in community based projects, sustainability, renewable energy etc. and also to form an EdTech Platform to serve corporates / professionals / students with courses for training and development in the Climate Change Sector”.

The venture will organize EdTech events, workshops and webinars in close consultation with industry leaders and experts to drive focused educational initiatives for professional training and capacity building. The joint venture will provide a platform to aggregate climate dedicated funds from the global market for investments across energy efficient projects.

EKI Energy Services Ltd. is an Indore based carbon credit expert company that has been working in the realm of climate action and offset solutions since the last 14+ years. The Company is now also a key member of a strategic alliance of the industry best experts from the realm of carbon credit and climate change industry in India, namely – Carbon Markets Association of India.

With a presence in 16+ countries, EKIESL is also the first ever company to list a Plastic Project from India with Verra – a global accreditation standard located in Washington, USA. EKI will soon become the first ever to generate International Plastic Credits for collecting and recycling plastic wastes in the country through the project.

About EKI Energy Services Limited

EKI Energy Services Ltd. is a leading Carbon Credit Developer & Supplier across the globe. It is the first ever company to list a Plastic Project from India with Verra – a global accreditation standard located in Washington, USA. Founded in 2008, the Bombay Stock Exchange (BSE) listed company has been passionately working towards rehabilitating the planet to a future of net zero carbon emissions. EKIESL offers sustainable solutions for climate change and carbon offsets with global standards like CDM, VCS, Gold Standard, GCC, IREC, TIGR and others. With an aim to contribute to the development of a climate resilient global economy, the company offers strategic solutions to businesses and organizations globally to achieve their climate ambition. EKIESL offerings span across Carbon Credit/Asset Management, Carbon Credit Generation, Carbon Credit Supply, Carbon Credit Offsetting, Carbon Footprint Management, Sustainability Audits, as well as Carbon Neutrality and Climate Positive initiatives. The Company is today present in 16+ countries and has 3000+ clients across 40+ countries worldwide. As on date, EKIESL has supplied over 180+ million offsets.

About First Source Energy Pvt. Ltd. & Its Promoters

First Source Energy Pvt. Ltd. organizes conferences, events, trainings and provides market intelligence, research, trackers amongst others. Its Promoter Mr. Anand Gupta is an industry veteran since 14 years and has been instrumental in Trade, Investments, Knowledge etc. in Climate Change Industry with his wealth of Experience, Knowledge, Intelligence, Relationships & Credibility. The company provides in-depth research and analysis on unique insights and transparency in power generation, clean energy, low carbon technologies, carbon markets to climate change industry stakeholders including – Energy Corporations, Govt., Policy Makers & Regulators, Consultancy & Advisory Firms, Associations, Banking &Financial World. Started from Indore, the business is now spread across Indian Subcontinent, SE Asia, and Middle East & Africa.

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