loader image
Skip to content
Blogs - Efficient Lighting / News and announcements

AirCarbon Exchange Partners With C-Quest Capital on First-Ever Auction of LED Carbon Credits

2 min

AirCarbon Exchange (ACX), the world’s first carbon negative exchange, has partnered with C-Quest Capital LLC (CQC), the world-leading carbon project developer, for the first-ever auction of carbon credits generated from LED light bulb projects.

The auction will take place on November 1 and 2, 2022, and will see 300,000 carbon credits available for purchase. With ACX recently being named as Environmental Finance’s Best Carbon Exchange for 2022 and with CQC winning Best Project Developer for Energy Efficiency, the partnership marks a significant step forward in the role of auctions in the voluntary carbon market.

The credits will be generated from CQC’s Efficient Lighting projects in India, which has seen 14.5 million inefficient incandescent bulbs switched for efficient and long-life LEDs in nearly 3 million households.

The project targets some of the most rural and poorest parts of India, benefiting the local people not only through cheaper lighting but with higher quality, energy efficient, cooler lighting that makes working and studying at home far easier. The credits will be issued under Verra’s methodology AMS-II.C. (Efficient Lighting Technologies) and qualifies for seven of the United Nation’s Sustainable Development Goals.

CQC conducts robust audits and spot checks to ensure best practice and quality. Each household is issued a unique ID to prevent double counting with cloud data management to track utilization. CQC also provides a three-year warranty compared to the standard one-year offered by retail markets.

The benefits of this project are two-fold – Indians living in rural areas benefit from meaningful savings from reduced electricity bills and access to quality lighting, which reduces strain on their eyes. The nation as a whole benefits from the significant drop in energy consumption driven by this mass switchover. The transition to energy-efficient lighting will reduce the energy load on a grid system still heavily reliant on coal, significantly reducing carbon emissions and helping India reduce its reliance on coal in the interim period while it continues to invest in cleaner energy sources.

The upcoming auction represents the latest step in ACX’s strategy to broaden awareness of different carbon projects in the market. This latest auction follows on from ACX’s successful hosting of the first ever auction of micro-mobility credits, generated from Rio de Janeiro’s bike sharing scheme, in partnership with Brazilian companies, including Tembici.

To find out more information about the work C-Quest Capital is doing, go to https://www.cquestcapital.com/. To register to take part in the upcoming auction, email the ACX team on [email protected].

Latest Stories

Stories of Impact: Behind Tsotso Stove, there’s a story to tell

Local Poet Sylvia Muzarrabani composed a poem titled "Behind Tsotso Stove, there's a story to tell". The poem encapsulates her feelings of how CQC's TLC Rocket Stove has transformed the lives of the people in her village.

Read more

Stories of Impact: CQC Mbaula Trophy Championship

Thousands of people, many travelling hundreds of kilometres and many hours away have made the trek to witness the finals of the CQC Mbaula Trophy Championship, C-Quest Capital’s inaugural soccer and netball tournament held in Lilongwe, Malawi.

Read more

LED’s Lighting a New Path for Future Sustainability: Part Three

In this final part of our blog series, we will hear from three regions, Uttar Pradesh, Telangana, and Bihar

Read more

LED’s Lighting a New Path for Future Sustainability: Part Two

Part two explores C-Quest Capital’s (CQC) efficient lighting program where over 14.5 million LED blubs have already been supplied to over 3 million households. By the end of the program, it will be estimated that up to 50 million LEDs will eventually be installed to many of India’s most rural and disadvantaged  communities.

Read more

C-Quest Capital Awarded with Best Project Developer: Energy Efficiency

C-Quest Capital has won the ‘Best Project Developer: Energy Efficiency’ and runner-up for ‘Best Project Developer: Public health’ in Environmental Finance’s Voluntary Carbon Market (VCM) Rankings 2022.

Read more

LED’s Lighting a New Path for Future Sustainability: Part One

With lighting accounting for 15% of global energy usage and nearly 5% of global CO2 emissions, efficient lighting technologies such as Light Emitting Diode (LED globes) have now been moved into the limelight as an essential technology to move the world closer to net-zero – one globe at a time.

Read more