A Multi-Year Programme Signals Maturing Carbon Markets on the Continent

Renewvia has completed a three-year carbon and renewable energy credit programme spanning four African countries, underscoring the growing role of structured, technology-enabled procurement in emerging climate markets. Delivered for a global corporate client, the programme covered projects in Côte d’Ivoire, Senegal, Cameroon, and Angola, combining renewable energy certificates with verified carbon offsets under a single, auditable framework.

The initiative reflects a shift in how multinational companies approach decarbonisation in emerging markets, where renewable potential is high but credit infrastructure has historically been fragmented. Rather than relying on isolated project purchases, corporates are increasingly seeking end-to-end solutions that meet internal audit requirements, regulatory expectations, and external disclosure standards.

Coordinated Procurement Across Diverse Regulatory Environments

Operating across four jurisdictions required alignment with different crediting rules, reporting standards, and data requirements. Through its Environmental Exchange platform, Renewvia enabled the client to procure, verify, transfer, and retire more than 72,000 renewable energy certificates over the programme’s duration. In parallel, over 50,000 metric tonnes of carbon dioxide equivalent offsets were verified and documented.

According to the company, the programme included full lifecycle tracking and structured reporting designed to withstand internal and external review. This approach allowed the corporate buyer to meet annual decarbonisation targets while maintaining consistent documentation across markets with varying levels of regulatory maturity.

Beyond execution, Renewvia also provided market intelligence to support pricing and credit matching, helping the client navigate supply availability and optimise procurement decisions across countries.

Read more: Corporate Demand for Voluntary Carbon Credits Likely to Grow, Morgan Stanley Survey Finds

Diverse Project Portfolio to Meet Corporate Demand

The credits sourced under the programme were drawn from a broad mix of projects, including mini-grid developments, utility-scale solar installations, industrial processing facilities, and e-mobility initiatives. By aggregating credits from multiple technologies and geographies, Renewvia was able to meet volume requirements without sacrificing traceability or data quality.

This diversified sourcing model reflects a broader trend among corporate buyers, particularly those with material Scope 2 and Scope 3 emissions exposure in emerging markets. As climate disclosures become more closely linked to financial reporting, buyers are demanding higher levels of verification, consistent methodologies, and transparent data flows from project level to retirement.

Blockchain Tokenization Strengthens Transparency and Auditability

A central feature of the programme was the use of blockchain-enabled tokenization. Through this process, carbon and renewable energy credits are converted into digital units with immutable records covering issuance, ownership, transfer, and retirement.

Renewvia said this approach reduces administrative friction, accelerates settlement timelines, and improves confidence in credit integrity by providing clear, tamper-resistant audit trails. Tokenization also supports insurance and assurance processes that increasingly rely on verifiable, machine-readable data rather than manual documentation.

Company leadership has pointed to Africa’s carbon markets as an area of significant growth potential, with expectations that volumes could expand multiple times by the end of the decade. Blockchain-based infrastructure, they argue, can help address long-standing trust and transparency challenges that have limited participation to date.

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Implications for Market Development and Governance

Despite abundant renewable resources, African carbon and renewable projects remain underrepresented in global procurement portfolios. Analysts note that a lack of standardisation, governance frameworks, and reliable data has historically constrained scale.

Programmes like Renewvia’s multi-country engagement illustrate how digital platforms can reduce fragmentation by offering consistent governance, assurance, and reporting across borders. For corporates and investors, this model signals a move toward procurement structures that can stand up to regulatory scrutiny as climate data becomes increasingly embedded in financial controls and disclosures.

As demand for high-integrity credits continues to rise, particularly from companies operating across multiple emerging markets, structured and technology-driven approaches are likely to play a central role in shaping the next phase of Africa’s carbon and renewable energy markets.

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