loader image
Skip to content
Blogs - Carbon Market / News and announcements

C-Quest Capital Inks 60mn Carbon Credit Deal With Shell

2 min read

C-Quest Capital LLC (CQC) has signed a deal with Shell Eastern Trading Pte Ltd (“Shell”) which will see the two firms fund the generation of more than 60 million carbon credits via the deployment of two clean and efficient cookstoves to 1.5 million rural households across Malawi, Zambia, Zimbabwe, Mozambique, Uganda, and Kenya.

Over the next decade, this investment will deliver over 60 million high-quality carbon credits with verified Sustainable Development Contributions to the Voluntary Carbon Market. Emissions reduction will be generated by reducing the amount of unsustainably harvested firewood and switching to entirely sustainable sources of woody biomass fuels.

This investment is expected to improve the health and well-being of over 7 million people, with the greatest benefits flowing to women and girls who will spend less time carrying firewood over long distances and to infants who will be less exposed to toxic air pollution from open fires.

“The agreement with Shell allows the lives of some of the poorest communities in the world to be significantly transformed for the long-term,” says Ken Newcombe, CQC’s CEO, and founder. “It is about more than just reducing emissions – it’s about improving the health and well-being of women, who are the key agents of social and economic development in rural Africa. Climate finance is just the means to a development end.”

It is the second leg of a three-pronged program to improve the lives of low-income communities across Sub-Saharan Africa at scale. The first was signed in March with Macquarie Group, to fund the distribution of clean cookstoves to one million households in Malawi, Zambia, and Tanzania, improving the lives of over 5 million people and generating an estimated 40 million carbon credits over 10 years.

To date, C-Quest Capital has delivered improvements to the lives of more than 20 million people across sub-Saharan Africa, Central America, and South and Southeast Asia, while reducing in excess of 5 million tonnes of CO2. The firm’s projects are designed to deliver maximum development beyond emissions reductions, such as improved health and women’s empowerment. For more information, please see cquestcapital.com.

For more information, please contact [email protected].

Latest Stories

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

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

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.

Read more

BIX Capital And FMO Jointly Provide A USD 10 Million Facility To CQC

BIX Capital and The Dutch Entrepreneurial Development Bank (FMO) are jointly providing a USD 10 million facility to C-Quest Capital to further strengthen its Clean Cooking activities in Sub-Saharan Africa.

Read more