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MicroEnergy Credits

Headquarters / Secretariat

1752 NW Market Street, No 105
Seattle (98107)
Washington
flagUnited States
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Phone: +1 206 274 6457
Fax: +1 866 880 809
Email: info@microenergycredits.com
http://www.microenergy-international.de/

 

Mission

MicroEnergy Credits is a social enterprise which links microfinance institutions to the carbon markets when they lend for clean energy.

 

Activities

MEC sells the carbon credits earned by replacing dirty fuels like kerosene, wood, coal and dung on the voluntary carbon markets and passes the carbon revenues along to its partner institutions.  The institutions can then use the revenues to offset their costs of running the clean energy program or can pass the savings along to the client in the form of reduced interest rates, free battery replacements or other benefits.  In 2008, MEC won the Global Social Venture Business Plan Competition for its innovative business model which makes accessing the carbon markets easy for MFIs.

 

Categories

  1. Actor:

    Business association

  2. Sector:

    Carbon financing, Climate protection (general), Emissions trading

  3. Activity:

    Australia