The ultimate green investment platform Ecowatt has partnered with Xylo Carbon to ensure the feasibility and sustainability of strategic capital allocation.
DUBAI, 7 November 2022.
Ecowatt accelerates climate action by directing significant funding into two main portfolios which generate carbon credits. The ‘Green Asset portfolio’ contains existing and forthcoming wholly-owned renewable power stations and wind farms. The ‘Impact portfolio’ contains a host of climate and social impact projects across Africa and Europe, including both nature-based and technological solutions.
Ecowatt CEO Thomas Puskas said: “One of the most important aspects of finding and funding projects that generate carbon credits is to ensure they are both legitimate and sustainable. A rigorous due diligence is required to ensure that they are investment ready and do indeed perform as they allege. This is why our partnership with Xylo Carbon is so beneficial to our operation.”
Xylo Carbon is a sustainability consultancy based in London who assist in bridging the gap between private capital and high-quality, large-scale, nature-based and technological solutions. Thanks to Xylo Carbon’s in-depth industry knowledge and expertise, this notable partnership will ensure each project incorporated into Ecowatt’s Impact Portfolio is legitimate and sustainable for all stakeholders, including the communities directly affected.
As a green investment platform aiming to accelerate climate action through democratised sustainability investments, Ecowatt’s partnership with Xylo Carbon looks set to be a perfect fit.
Nature-based solution projects will be developed in accordance with Verified Carbon Standard or Climate, Community & Biodiversity methodologies, in line with the IUCN global standards to ensure validity and quality of the offsets.
“We are delighted to join forces with Ecowatt,” said Xylo Carbon MD Suhul Haile. “We have already begun to leverage our extensive industry network to develop, conduct due diligence and monitor the global pipeline of carbon and social projects that have the highest potential and integrity.”
The considerable partnership comes off the back of the Future Innovation Summit 2022 held in Dubai, where Ecowatt was bestowed the Climate Impact Accelerator Award.
Ecowatt’s Global Marketing Director, Lauren Haworth said, “2022 has been an extraordinary year for us. We have been recognised by numerous role players in the industry, and after the success of the Future Innovation Summit in Dubai, we are now ready for our next chapter. We have an explicit focus on authenticity, transparency and sustainability of everything that we do, starting with the collaboration with Xylo Carbon.”