CYNK News
Learn more about updates and innovations from CYNK
The Future of Carbon Markets: Blockchain, Transparency, Local Impact, & Retail Investors | Sudhu Arumugam, CYNK
CYNK is a blockchain-tied marketplace for carbon credits. They help maxime revenues and secure early-stage financing for carbon capture projects, particularly in African carbon markets through transparency, connectivity, and proprietary climate technology.
Unlocking innovative financing for climate action through carbon futures
Bridging the growing financing gap is critical for Africa to tackle the global climate crisis. CNBC Africa’s Aby Agina spoke to Sudhu Arumugam, Chief Executive Officer, CYNK for more on how innovative financing around carbon credits can be the magic bullet for the continent.
CYNK, KenGrow And UNCCD Join Forces In New Climate Smart Agriculture Project To Empower Female Smallholder Farmers
Together KenGrow, Flux, Hiveonline and CYNK will deliver digital infrastructure alongside new regenerative agriculture techniques to increase climate finance inclusion for Kenyan women in rural communities.
Inclusive Climate Finance
Climate change is truly a global challenge. It is accelerated by transboundary carbon emissions intersecting with geopolitical dynamics and biophysical systems.
CYNK partners to empower female farmers
CYNK, a leading climate finance platform founded in Nairobi, Kenya, announces a new partnership with KenGrow and the United Nations Convention to Combat Desertification (UNCCD) to provide funding and expertise to women smallholder farmers in emerging economies.
CYNK registers landmark $25 (VER) forward trade with Ghana-based e-cooking credits and executes multiple carbon derivatives options trades on chain
CYNK, Africa’s first verifiable emissions reduction platform, today announced a landmark trade with BURN Manufacturing (BURN), Africa’s leading clean cookstove manufacturer, distributor, and carbon offset project developer; as well as a large options contracts trade for the Tamuwa Renewable Biomass Project, in Kisumu, Kenya.
CYNK, KenGrow and UNCCD join new climate-smart agriculture project to empower female farmers
Together KenGrow, Flux, Hiveonline and CYNK will deliver digital infrastructure alongside new regenerative agriculture techniques to increase climate finance inclusion for Kenyan women in rural communities.
BURN Launches Africa's First Carbon Credit Futures for Cook-Stoves
Kenyas BURN has achieved a historic milestone by successfully trading the inaugural carbon credit futures linked to emissions reductions from efficient cookstoves in Africa. Renowned for distributing over four million environmentally friendly cook-stoves, the company executed the sale of 10,000 forward contracts and 50,000 call options at $25 each via the Nairobi-based platform CYNK.
Kenya’s BURN Pioneers Africa’s First Carbon Credit Futures with Efficient Cook-Stoves
In a groundbreaking move for the African continent, Kenya’s BURN has successfully sold the first-ever carbon credit futures tied to emissions reductions achieved through the deployment of efficient cook-stoves. The company, renowned for manufacturing and distributing over four million environmentally friendly cook-stoves across Africa, marked this significant milestone by selling 10,000 forward contracts at $25 each and 50,000 call options through CYNK, a Nairobi-based platform.
BURN Sells Africa’s First Cook-Stove Carbon Credit Futures
Company sells futures, call options over Kenya’s CYNK Platform. BURN to distribute its electric induction cookers in Ghana
CYNK Announces Partnership With UNESCO
CYNK and UNESCO have announced a new partnership to explore new innovative funding mechanisms for climate action projects led by indigenous peoples and local communities. This collaboration aims to leverage CYNK Announces A New Partnership With UNESCO To Explore Innovative Funding For Climate Action Read More
CYNK Announces A New Partnership With UNESCO To Explore Innovative Funding For Climate Action
CYNK is a leading climate finance platform that uses innovative technology to create and finance high-quality climate tokens and natural assets.
CYNK on CGTN Africa
This week Talk Africa explains what #carbon credits are, and why more and more African governments are buying into this idea.
Kenya's BURN sells Africa’s first cookstove carbon credit futures
The contracts sold by the company, which has made and sold more than 4 million efficient cookstoves in Africa, are based upon the distribution of electric induction cookers to low-income households in Ghana.
CYNK signs up to the UN Global Compact
CYNK joins the world's largest corporate citizenship initiative, with thousands of business participants and other stakeholders from civil society, labour and government based in over 160 countries.
CYNK joins UN Environment Programme initiative
CYNK has become a member of the Global Partnership on Plastic Pollution and Marine Litter, the premier global network for advancing solutions to reduce and eliminate plastic pollution and marine litter in our oceans.
Africa’s first verifiable carbon market launches in Kenya
CYNK launches as the first Africa-based, end-to-end platform for the measurement, verification and sale of high-quality carbon credits.
CYNK Partners With UNESCO on Biodiversity Credits
CYNK, a Nairobi-based platform set up initially to trade carbon credit futures, has partnered with a United Nations agency to explore selling biodiversity credit futures based on some of the world’s most most famed nature areas.
Digitalising Innovative Finance: Emerging instruments for early-stage innovators in low- and middle-income countries
Cynk, a verifiable emissions reduction platform operating across Africa, aims to uses a public decentralised ledger to track emission-reductions. It has already enabled a carbon futures transaction of more than two million-credits for Tamuwa, Kenya’s leading renewable biomass fuels producer,88 and aims to operate across other use cases including nature-based solutions, blue carbon, regenerative agriculture, direct carbon capture, and renewable energy.
Kenya: launch of the first African carbon platform
CYNK, the first African carbon platform, has just been launched in Kenya. The platform aims to facilitate the sale of carbon credits to investors in the Global North.
