In a ground breaking move towards sustainability, innovation, and measurable impact, 5ire and The Climate Group Africa (TCGA) have forged a partnership that not only positions them at the forefront of SDG impact, Carbon, and ESG Markets but also emphasises a commitment to tangible and proven assets.
Decoding the Carbon Play
Deforestation Challenge: South Sudan faces a significant threat with a 2% annual loss of its forests. In response, the collaboration between 5ire and TCGA seeks to transcend traditional solutions.
Proven Solution: Leveraging the REDD+ mechanism, the collaboration aims to revolutionise carbon sequestration, providing an asset-backed foundation for the 5ire token.
TGCA Mandate and Current Progress
Holistic Scope: Under the South Sudanese Ministry of Water's mandate, TCGA is steering a comprehensive project to assess the feasibility of REDD+ implementation and execute sustainable initiatives for the Sudd wetland.
Proven Results: The project has achieved significant milestones, with the issuance confirmation of carbon credits by January 2024, with another issuance by July 2024, and another issuance by the end of December 2024, enhancing carbon sequestration year in and year out for the next 8 years with an optional extension for another 10 years.
Framework Collaboration: Integrating Sustainability into Blockchain
Visionary Goals: Beyond blockchain functionality, the collaboration aims to pioneer "offset microtransactions" within 5ire's gas fees, envisioning a green "5ire Ecosystem."
Synergy in Action: The partnership underscores the synergy between TCGA's carbon credit asset base and 5ireChain’s platform, fostering a harmonious blend of technology and sustainability.
Carbon Marketplace Redefined
Supply Chain Innovation: The partnership extends to supplying 5ire's Carbon Marketplace with GRO Assets, injecting sustainability into trading practices.
Long-term Commitment: Beyond short-term gains, a commitment is made for the wholesale supply of premium carbon offsets, ensuring every 5ire platform user actively participates in global climate change efforts.
Global Impact Through Collaboration
Community Engagement: The collaboration extends beyond boardroom strategies to joint marketing, PR, and event initiatives, linking 5ire to impactful GRO projects globally.
Awareness and Participation: The goal is not just to create awareness but to actively involve the community in the sustainable development journey.
“As we embark on this groundbreaking partnership journey on the eve of the launch of the 5ire credit carbon asset backed token we envision a future where sustainable practices and financial innovation converge. By intertwining the power of block chain with carbon assets, we are just not creating a financial instrument, we are forcing a path towards a greener, more sustainable world, where every transaction leaves a positive impact on our planet.”, said Anwar Hussein, Chairman and Co Founder, The Climate Group Africa.
"This strategic move isn't just about technology; it's about cementing 5ire's commitment to fostering real-world impact. This partnership, in collaboration with The Climate Group Africa (TCGA), amplifies our narrative of innovation, trust, efficiency, and redefining the sustainability norms in the blockchain space.” quoted Prateek Dwivedi, Cofounder & CPO at 5ire.
Conclusion
This partnership isn't just about technology; it's about impact, backed by tangible assets and a commitment to sustainability. As the project progresses, the collaboration between 5ire and TCGA sets a new standard for blockchain projects, emphasising a clear rationale for the 5ire token's value. This is a transformative journey that goes beyond speculation, focusing on the provenance of assets and the tangible positive impact on SDGs.
Stay tuned for updates as 5ire and TCGA reshape the landscape of sustainable Web3 solutions, providing an investment opportunity rooted in real-world impact and innovation.
For media inquiries, contact:
Utkarsh Amitabh
utkarsh.amitabh@5ire.org
CMO, 5ire
About 5ire
5ire is a layer-1 blockchain ecosystem designed with economic and environmental sustainability at its core and is one of India's fastest-growing unicorns, enabled by a community of people worldwide.
5ire introduces 5ireChain—an EVM-compatible smart contract platform aligning with the United Nations Sustainable Development Goals (UN SDGs). As a layer-1 blockchain, 5ireChain emphasizes economic and environmental sustainability. It invites stakeholders, developers, legacy agencies, and users to join its global community in creatively utilizing 5ireChain. With a focus on building tools and schemes, 5ire pioneers the transition from the fourth to the fifth industrial revolution, fostering a for-benefit ecosystem. Embark on a journey with 5ire, where blockchain becomes a catalyst for achieving sustainability goals and shaping the future.
About TCGA
TCGAfrica aims to support African economies in mitigating the impact of climate change through land restoration and sustainable land-use in sub-Saharan Africa. The TCGA works closely with National and Devolved Governments as well as local communities in designing and implementing interventions that mitigate against adverse effects of global warming, desertification and improper land-use.
Jointly with development partners, TCGA’s mission is to undertake impactful programs sustaining natural ecosystems for the benefit of mankind. The TCGA has built a robust Program management and Monitoring and evaluation tools that assist management and decision makers to demonstrate results of our impactful programs.
Disclaimer: This press release may contain forward-looking statements. Forward-looking statements describe future expectations, plans, results, or strategies (including product offerings, regulatory plans and business plans) and may change without notice. You are cautioned that such statements are subject to a multitude of risks and uncertainties that could cause future circumstances, events, or results to differ materially from those projected in the forward-looking statements, including the risks that actual results may differ materially from those projected in the forward-looking statements.
Media Contact
Company Name: 5IRE
Contact Person: Utkarsh Amitabh
Email: Send Email
Country: India
Website: www.5ire.org
