China Ruifeng Renewable Energy Forms Joint Venture for Clean Stove Carbon Credit Project
Reuters
Oct 31
China Ruifeng Renewable Energy Forms Joint Venture for Clean Stove Carbon Credit Project
China Ruifeng Renewable Energy Holdings Ltd. announced that its subsidiary, C Dimension Digitech Limited, has entered into a term sheet with an independent third party supplier, a carbon project developer headquartered in London. The agreement relates to a clean stove carbon credit project, with C Dimension acting as the leading investor to initiate a joint venture with its partner, Shanghai Treasure Carbon New Energy Environmental Protection Technology Limited. The project aims to leverage advanced carbon accounting methodologies and digital monitoring systems to ensure the quality and traceability of carbon credits generated from emission reductions. The Board of Directors believes the partnership aligns with the company's commercial interests and supports its ongoing commitment to clean energy and emission reduction initiatives.
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