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Cavex

Strategic pillar: Scale partnerships
Customer group: Micro-entrepreneur
Region: Africa
Partner since: 2023
Joint partners FCDO
FCDO funding type: TIME
Technology: Multiple

About

Cavex is a digital platform connecting buyers and investors with small greenhouse gas removal and reduction projects in sub-Saharan Africa and South Asia. It enables carbon finance, leveraging digital technologies to provide visibility into individual projects and their benefits. Cavex boosts the effectiveness of carbon finance for project developers and provides buyers with access to high integrity carbon credits.

Project Focus

Shell Foundation is funding the development and testing of two Cavex applications that bundle carbon finance with asset financing and gender co-benefits. These applications aim to increase affordability for low-income customers to access clean energy assets for productive uses, demonstrating how Cavex catalyses carbon financing with additional co-benefits such as women’s economic empowerment.