Vancouver-based Central African Gold said it has enlisted two firms to help it design and implement a carbon credit and clean energy revenue streams.
Central African Gold is working with EcoMetrix Africa, a carbon financing firm, and Inerjys Ventures, a cleantech investment firm, to assess these streams' economic and technical features, and determine their impact and contribution to Clean African Gold's core business activities.
EcoMetrix will evaluate existing Carbon Credit standards, and identify those which best work with Central African Gold's ESG strategy. All initiatives will be assessed in terms of their environmental and social impact, as well as the cost-benefit analysis of implementing them.
Central African Gold will then work with Inerjys Ventures to select initiatives put forward by EcoMetrix. Inerjys will also assist with structuring Central African Gold's carbon plan and creating an operational plan with off-takers, suppliers, and funding partners.
Central African Gold has entered an option agreement at the Musefu gold project in Democratic Republic of Congo. It also owns six concessions in the southern DRC copper belt.
EcoMetrix Africa is based in South Africa. A spinoff of JP Morgan EcoSecurities, it assists companies with creating mitigating and adaptation strategies, and developing low-carbon projects. Inerjys, based in Montreal, Canada, helps cleantech companies develop and creates strategic partnerships for these companies.
