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MarketersMEDIA / Newsroom / Albo Climate & Tembo Set to Develop Carbon Offsets For Avoided Deforestation in Sub-Saharan Africa

Albo Climate & Tembo Set to Develop Carbon Offsets For Avoided Deforestation in Sub-Saharan Africa

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Companies Announce Strategic Partnership Deal for Remote Sensing of Carbon Stocks of Sub-Saharan African countries in need of rainforest protection

Albo Climate and Tembo, based respectively in Israel and Mauritius, are partnering on a mutually-exclusive basis to produce a high-resolution remote carbon monitoring model of vulnerable tropical forests in several Sub-Saharan African countries. The maps will be used to carefully evaluate ecosystem health and monitor the areas for deforestation, as well as to generate verified, high quality carbon offsets.

Albo and Tembo will start collaboration by developing carbon credits from two national parks in Cameroon, whose total size is 786,000 hectares.

Both parks are home to a diverse range of unique plants and endangered animals, including pangolins, hippos, leopards, black colobus, mandrills, lowland gorillas and chimpanzees, as well as numerous birds, reptiles and fish species. The parks face increasing threats due to logging, poaching, mining, agricultural activities and coastal infrastructure development. Given current deforestation rates, the two forests may lose 6,000 ha per year, translating to 3,600,000 tCo2eq per year.

“Tembo’s goal is to position our subsidiary Tembo Climate in full compliance with the Taskforce on Scaling Voluntary Carbon Markets led by Mark Carney and Bill Winters, advocating for the extensive use of technology to address global warming, and are delighted to bring Albo’s cutting edge approach to the African continent. We see carbon development as an ideal addition to our more traditional and established clean power business in Sub-Saharan Africa,” says Tembo’s Founder Raphael Khalifa.

The expected income from the carbon offset projects will involve, amongst other activities, expanded support of ranger services and surveillance systems by the forest management of Cameroon, as well as maintaining the park’s boundaries. In addition, the generated income will be used to support local communities.

“We are thrilled to be partnering with Tembo, a key leader in developing clean energy and conservation projects across Sub-Saharan Africa. Combined with our unique deep-learning, satellite-based approach to carbon credit quantification and verification, we see the potential for true impact at scale across the continent,” says Jacques Amselem, CEO of Albo Climate.

Albo Climate and Tembo will further collaborate on additional conservation projects across Eastern and Southern Africa. This strategic partnership will foster the development of a robust and widely applicable remote-sensing carbon model, to be used in an array of tropical forests in Africa.

About Albo Climate:
Albo Climate, established in 2019, is an Israel-based startup applying AI to satellite imagery to map, measure and monitor carbon sequestration remotely in a diverse array of ecosystems.

About Tembo:
Tembo Power Holdings (“Tembo”) is a company developing renewable hydropower projects in Sub-Saharan Africa since 2015. Tembo established Tembo Climate as a subsidiary in charge of developing and commercializing voluntary carbon offsets that can be claimed from forestry and improved cookstoves projects.

Contact Info:
Name: Jacques Amselem
Email: Send Email
Organization: Albo Climate
Website: https://www.albosys.com/

Source URL: https://marketersmedia.com/albo-climate-tembo-set-to-develop-carbon-offsets-for-avoided-deforestation-in-sub-saharan-africa/89042365

Source: MarketersMedia

Release ID: 89042365

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