EDF Buys African Cookstove Credits

Unedited press release: Aera Group (“Aera”), the leading African carbon credit source and trader, is pleased to announce the signature of a carbon credit transaction with EDF Trading (“EDFT”), a specialist in wholesale energy markets and a subsidiary of the EDF group, a world leader in low-carbon energies.

The contract signed this morning provides for the forward sale at a fixed price of certified voluntary CO2 emission reduction units (VCUs) to the VERRA VCS standard. Delivery of the volume is scheduled for the 4th quarter of 2022. The carbon credits are generated by an efficient cooking oven program in Central Africa.

Beyond this first transaction, Aera and EDFT wish to extend their cooperation. The signing of a framework agreement and standardized conditions will facilitate and simplify future transactions.

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