We provide the one-stop-solution for low carbon projects in Myanmar

Motivation

According the Global Climate Risk index, Myanmar is consistently position in the top 5 countries most vulnerable to climate change. This is due to its society, economy and wealth being highly dependent on its natural resources, natural habitats and environment in general.

Since then, Myanmar has developed an ambitious National Electrification Plan in 2014, which aims to connect all households to the grid by 2040.

Whether grid connected or off-grid, we believe that the inclusion of high impact low carbon solutions (such as solar technology) may be key achieving these goals, from the ground up. 

In some cases, low carbon solutions are not, immediately, cost effective for the end consumer. To encourage the uptake, and in line with the Paris Agreement, financial mechanisms have been created, for monetising the reduction in CO2 and funding the ‘unprofitable top’.

MCX weaves together these mechanisms to benefit the end consumer and increase the business case for investors and developers alike.

Renewable Energy Certificates (RECs)

RECs know as Renewable Energy Certificates, also know as green energy certificates or tradable renewable certificates are proof that energy has been generated from renewable sources such as solar, wind or hydro power.

There is an existing framework practiced globally enabling consumers or corporates to ”use” renewable energy without physically consuming it.

With every 1MWh of ”brown” energy consume, one can purchase 1MWh of renewable energy (represented by a REC) produced in another location.

Using this framework, consumers or corporates can be 100% carbon neutral in their electricity consumption.