Carbon Announces Strategic Partnership With Fuel Manufacturing | So Good News

London, October 12 2022 /CNW/ – Carbon Neutral Royalty Ltd. (“CNR“or”the company“”), a financier of high-strength carbon projects, today announces the formation of a joint venture with BURN Manufacturing (“”).Burn“) CNR has issued mandates to finance BURN’s global stove manufacturing and distribution operations, and is entitled to a share of carbon credits from the stoves produced.

BURN designs the world’s most fuel-efficient and durable kitchens. An international leading manufacturing and distribution kitchen company. Over the past 12 years, BURN has been transforming social, It has proven to deliver financial and environmental impact and has built a successful business. BURN’S SOLAR FACTORY; Nairobi Kenya The current kitchen production capacity is 3,000,000 per year, with an expected expansion to 12,000,000 per year by 2025. The joint venture will finance BURN’s expansion plans globally, and BURN will also enter. Tanzania, Uganda, ZambiaDRC, Nigeriaversus Ghana In 2022

Carbon Neutral Royalty Co-Founder and CEO; Luke Lesliesaid: “We are pleased to partner with BURN, a global manufacturer and developer of kitchen appliances. Africa. Carbon Neutral Royalty focuses on the most promising carbon categories and seeks to back leading companies within those categories. BURN has an unrivaled kitchen technology and track record and we look forward to partnering with them as they deploy best-in-class manufacturing and distribution capabilities. Africa. ”

Burn Manufacturing CEO; Peter ScottCEO of BURN Productions; Peter Scottsaid “We are delighted to partner with CNR as our global carbon financing partner. CNR is a recognized carbon finance expert and can offer flexible financing terms to accelerate BURN’s ambitious expansion plans. Closely aligned with our core values.”

Today, an estimated 2.6 billion people worldwide do not have access to clean cooking methods.¹. About 1 billion of the poor and vulnerable are there. Africa A single 80% is included. Africa Total population². 180 million of these households use charcoal for cooking, which is often used in poorly ventilated rooms. We continue to rely on the efficient use of biofuels such as wood and animal dung. As a result, cooking was a costly and dangerous process that killed more than 500,000 people every year. Africa³. Millions suffer from chronic diseases caused by air pollution from inefficient and dangerous cooking fuels and stoves. BURN’s kitchens help reduce the prevalence of such health problems and significantly reduce carbon emissions from traditional cooking methods, estimated to reduce emissions to only one-tenth of traditional cooking methods.

BURN’s products have been independently verified as the most fuel efficient natural raw biomass stoves in the world. Independent study from UC Berkeley and University of ChicagoWith inputs from Nobel Laureate Abhijit Bhanerjee Esther DufloIt confirmed the efficiency and economy of BURN’s products, bringing fuel-efficient and clean cooking to households. According to the World Bank, 85% of Africans live on less than $2,000 A family saves on average per year. $119 Use a BURN Jikokoa stove for a year.⁴. BURN’s 35-member product development team is constantly improving the kitchen’s performance, as well as launching five new products, including a pioneering electric stove that will be launched in Q4 2022.

In addition to the health and cost-effectiveness of BURN kitchens, each Jikokoa kitchen reduces CO2 emissions by an average of 5 tons per year. The research calculated the equivalent of environmental damage avoided in terms of greenhouse gas emissions. 147 dollars/fireplace/ year⁵. It is estimated that the 2.1 million stoves sold by BURN to date have reduced 11 million tons of CO₂ and saved 6 million tons of firewood from indigenous forests.

BURN is the only vertically integrated modern kitchen manufacturer. AfricaFrom product conception to delivery; Bloomberg New Energy Finance Award; Swiss Energy and Climate Summit Award; It has received recognition for its cutting-edge innovation and environmental and social impact with numerous awards, including Ashden Clean Energy for Women and Girls. Award and the Global LEAP Affordability Award. BURN recently showed up at the Nasdaq Market site in Times Square. new York As one of the world’s most promising impact startups on the Norrsken Foundation’s 2022 Impact100 list.

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CNR was founded. July 2021 Global carbon credit flows with socio-economic and environmental outcomes and the high quality of royal family projects. Durability The portfolio is assembled. The company’s mission is to finance high-impact projects that can help fight climate change and restore natural habitats. For more information, Visit our website at www.carbonneutralltd.com

Cautionary Note Regarding Forward-Looking Statements

This press release contains forward-looking statements and forward-looking information. USA and Canadian regulations. Often, but not always, This can often, but not always, be identified by the use of words such as “plans,” “expectations,” “anticipated,” “budgets,” “planned,” “estimates,” “forecasts.” “forecasts”, “projects”, “intentions”, “targets”, “objectives”, “expects” ‎ or “believes” or variations of words and phrases (including negative variations) or expressions of effect may be specified. Certain actions “may”, “could”, ” takes “your”, “be”, “may”, “might” or “will”; occurs or succeeds. Contains statements and information relating to the reduction of CO2 emissions from the use of Burn’s cooking stoves; However, it is not limited. Forward-looking statements and information are estimates of future results; Although the estimated amounts are undetermined and management believes reasonable. Essentially significant business; Based on economic and competitive uncertainties and probabilistic assumptions. Forward-looking statements and information are subject to various known and unknown risks and uncertainties, including CNR’s actual results; It is beyond CNR’s ability to control or predict that performance or achievements may differ materially from those expressed. or referring to it; The risks described herein; It is developed based on assumptions about uncertainties and other factors described herein: the risk that the company’s carbon footprint and carbon credits may not be recognized by relevant government authorities; international businesses; the risks of trading carbon derivatives in emerging markets, including government and environmental regulatory risks; Delays in the production of carbon credits from projects for which the company has received carbon credit benefits; CNR interests in the actual results of projects that have carbon credits; Changes in project frameworks as the conclusions of economic assessments and project frameworks are refined; price fluctuations; issues related to the marketability of carbon credits, including interest rate and exchange rate fluctuations; interpretation of tax laws by governmental bodies or implementation of new tax laws; Regulation in countries where CNR has carbon tax streams or carbon credits or other interests that hold them; Political or economic developments ‎CNR’s royalty or other carbon credit interests, including changes in ownership and control of carbon streams or such operators, or risks associated with the operators of properties owned by CNR; risks associated with global pandemics, including the spread of novel coronavirus ‎(COVID-19) global health pandemics and other viruses or pathogens; the influence of macroeconomic developments; business opportunities acquired or pursued by CNR; reduction of debt and equity capital gains; litigation; Owned by CNR; title to an interest in any asset that has a stream or other carbon credit interest; permit or license disputes; competition; bonds of debt or equity; use of income; enforcement of civil judgments; Risks related to CNR within the meaning of US federal tax laws; Other risks and uncertainties described in company documents. CNR undertakes no obligation to update forward-looking information except as required by applicable law. Such forward-looking information represents management’s best judgment based on currently available information. Forward-looking statements cannot be guaranteed; and actual future results may differ materially. Readers are therefore advised not to place undue reliance on forward-looking statements or information.

Source: Carbon Neutral Royalty Ltd.

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