Emissions platform CYNK carries out carbon forwards trade of over 2 mln credits
![Emissions platform CYNK carries out carbon forwards trade of over 2 mln credits](https://devdiscourse.blob.core.windows.net/devnews/26_12_2019_16_33_19_4561582.jpg)
Africa's first verifiable emissions reduction platform CYNK said on Tuesday it had carried out carbon forwards trade of more than 2 million credits at the Africa Climate Summit in the Kenyan capital.
Kenya-based CYNK did not give more details on who the beneficiaries of the trade were and said in a statement its emissions reduction platform was the first on the continent. "This trade of over 2 million forward carbon credits shows the trust being rebuilt in the high-quality segment of the voluntary carbon markets after a period of complete loss in confidence in wider markets," Sudhu Arumugam, its chief executive officer, said.
(This story has not been edited by Devdiscourse staff and is auto-generated from a syndicated feed.)
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- Africa Climate Summit
- Africa
- Sudhu Arumugam
- Kenya
- Kenyan
- CYNK
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