AVPN Global Conference 2023 | 20 - 22 June 2023

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        • About AVPN

          Who We Are

          We are a leading ecosystem builder that is increasing the flow of financial, human, and intellectual capital from Asia and around the world into the social sector in Asia. We provide a network of peers, rigorous learning programmes, and innovative capital mobilization opportunities that make sure resources are more effectively deployed.

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          Some of our partners

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          HKJC
          The Rockefeller Foundation
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        • Resources

          Highlights of the week

          Trust-Based Philanthropy

          In the face of increasingly complex and, sometimes rapidly, changing needs on the ground, it is crucial to take a step back and reconsider the status quo.

          APAC Sustainability Seed Fund 2.0

          By leveraging the success of the first round of the APAC Sustainability Seed Fund, AVPN continues to mobilise continuum of capital into supporting climate solutions in the region.

          Faith and Giving

          Faith, and the values, belief systems, moral codes, and religious doctrines, that underlie it, shape much of philanthropy across the world. From addressing needs in underserved communities to investing in sustainable energy solutions, faith-aligned givers are demonstrating that compassion can be a catalyst for a more just and equitable world. However, the fundamental drivers of faith-aligned giving often remain unexamined.

        • Impact Communities

          Afghanistan Relief

          Asian Youth for Impact

          Climate Action

          Climate Action – Hub 2024

          Corporate Social Impact

          COVID-19 Relief

          Early Childhood Care and Education

          Expert Collective

          Gender Platform

          Gender Platform – Hub 2024

          India Policy Leadership Lab

          Policy

          Primary Healthcare

          Primary Healthcare -Hub 2024

          Private Wealth Hub

          Ukraine Relief Effort

        • Capital Mobilisation

          Featured Deals

          Socio-Economic Empowerment of Women

          Climate Action and Environment, Education, Financial Inclusion, Gender, Livelihood and Poverty Alleviation

          Solve Education: Education through Innovative Learning Platform

          Education, Employability, Livelihood and Poverty Alleviation

          Lotus Petal Sr. Sec School, Gurugram

          Education, Employability, Health

          IT Training Against Poverty in Cebu

          Education, Employability, Livelihood and Poverty Alleviation

          IT Vocational Training Against Poverty

          Education, Employability, Livelihood and Poverty Alleviation

          Gigatonne: Addressing Problems within the Carbon Credits Market

          Climate Action and Environment, Financial Inclusion, Gender, Livelihood and Poverty Alleviation

        • Events

          Upcoming Signature Events
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          Upcoming Events

          UN Global Compact 2024 Climate Ambition Accelerator Final Registration

          30 April 2024

          Restoring Equilibrium: SVCA 2024 Annual Conference – Seeking Balance in A Turbulent World

          16 May 2024

          View all events

Gigatonne: Addressing Problems within the Carbon Credits Market

We train and finance teams in the Global South to do abatement activities and impact their local communities. For every 6 carbon credits produced, teams need to impact 5 local families.

By

Gigatonne (10-in-10)

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Social causes

Beneficiaries

SDGs covered

Endorsed by

BMW Foundation Herbert Quandt

The BMW Foundation inspires and supports people to work for the common good and for a society that is capable of meeting the challenges of the future.
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Market of Implementation

  • India , 
  • United Kingdom

Problem

At Gigatonne, there are 2 main problems that we address within the carbon credits market:




On the demand side: Carbon markets as a form of financing climate action are immature. Cheap carbon credits (sub $100) are a form of greenwashing. They dont tackle the underlying problem of equity, or fairness. Nor do they meet science-based temporal targets for abatement. The verification bodies are nottransparent with the data on how much of the $100 do the recipients get. Cheap credits, mean cheap labour.




Supply side: teams are contracted to process 1 tonne of CO2e at $200, these team members live within and understand the context of the bottom 20% of the socio-economic bracket. They generally live on less than $20 per month. The teas are required to impact 1000 families within these communities by providing food security (sustainable farming)and energy security (biogas units).




It is clear that there is a pressing need to tackle the problems within the carbon credits market, and Gigatonne has the solution for this.

Solution

At Gigatonne, we operate across the entire supply chain.

    
 	
  1. We train and employ local teams so prevent GHGs emission, each team abates between12000 - 120,000 tonnes of CO2e per year (COGS of $200 per credit).
    2. 
 	
  2. Our platform manages the team, data collection, reporting, verification and credit sales. Our platform has an open protocol to contract teams to directly reduce GHG emissions. Team’s performance data will be captured on the platform, we use AI-tool for verification reporting.
    3. 
 	
  3. We monetise by selling credits on the voluntary carbon market.
    4. 


For more information on our solution, do refer to our Slide Deck.

Type of Carbon Reduced/Sequestered

CO2 (Carbon Dioxide), Methane, Nitrous Oxide

Amount of Carbon Dioxide Equivalent Avoided/Sequestered

This is contingent on us completing our fund raise of ~$5M to support 100 teams across the Gigatonne Protocols. By the end of 24 months, we plan to have avoided/ sequestered 66,000 tonnes of CO2e.

Means of Measurement

Our Open Reporting Platform captures activity level data. This is measured against established scientific baselines and abatement/sequestration is calculated from that baseline. The baseline is obtained from Gold Standard to ensure high integrity on both GHG measures as well as sustainable development.

Project’s Environment & Climate Capability

Climate Risk Reduction, Education and Training and Awareness on Climate Change

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