Business Information

• Headquarters: Copenhagen Capital Region of Denmark
• Co-Founder: Karim Jabbar and Rachid Jabbar
• Founded: 2018
• Website: https://www.carbonclear.earth/
• Employee: 11-50 People

CarbonClear was formerly known by the name of Solstroem, was founded by Karim Jabbar and Rachid Jabbar in 2018, and creates carbon finance for sustainable impact through renewable and circular capacity building. Neither a SaaS nor a digital marketplace, the CarbonClear model is a tech-powered carbon value chain that aggregates big data from data points implemented in carbon projects and issues third-party verified, traceable carbon credits that instantly become available to global buyers. With data transparency at its core, the CarbonClear model enables progress tracking of the projects behind each carbon credit, building trust and engagement throughout its value chain - and the wider market place.

CarbonClear's new data-driven model for carbon credit issuance, that represents a fundamental rethinking of the existing carbon market. It leverages clear and transparent data points in the CO2 projects that it funds, and enables fast, reliable, and cost-effective generation of verified carbon credits for the Voluntary Carbon Market in a globally accessible and inclusive value chain.

How the CarbonClear model works

Through the creation and connection of digital tools, APIs, and applications, CarbonClear has built a technological infrastructure positioned on interoperability, transparency, and accountability that solve the core problems of the Voluntary Carbon Market today.

Negative Carbon Emission: Introduction and Market Information

There is huge potential for voluntary carbon markets in Africa, especially in countries with sizeable sustainable development projects. For instance, Nigeria could mobilize between $0.6bn to $0.8bn by growing its voluntary carbon credit market to 30-40 MtCO2e by 2030.

Africa's carbon markets are underutilized for climate finance, despite growing faster than global markets, with only five countries (Kenya, Zimbabwe, DRC, Ethiopia, Uganda) responsible for 65% of issued credits in the last 5 years, despite the launch of the Africa Carbon Markets Initiative (ACMI) at COP27.

CarbonClear will be able to consolidate its model as a new standard for carbon credits and unlock the full potential of the exponentially growing Voluntary Carbon Market, predicted to grow 100-fold by 2050. 

CarbonClear’s model is suited to capturing offsets from sectors that currently lack access to the carbon market. The company believes that this will help to address the $31bn per year financing gap the IEA says is needed to meet global universal energy access targets by the end of the decade. 

Negative Carbon Emission Partnership

The CarbonClear model has been proven in partnership with some of the largest distributors of solar home systems in Africa and the Americas, such as SunKing, ENGIE Energy Access, Zola Electric, and iluméxico. 

Negative Carbon Emission Partnership

The CarbonClear model has been proven in partnership with some of the largest distributors of solar home systems in Africa and the Americas, such as SunKing, ENGIE Energy Access, Zola Electric, and iluméxico. Source

About Effectual

Effectual Services is an award-winning Intellectual Property (IP) management advisory & consulting firm offering IP intelligence to Fortune 500 companies, law firms, research institutes and universities, and venture capital firms/PE firms, globally. Through research & intelligence we help our clients in taking critical business decisions backed with credible data sources, which in turn helps them achieve their organisational goals, foster innovation and achieve milestones within timelines while optimising costs.

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