Mumbai: Creduce is an Ahmedabad-based, India’s leading services provider in the field of climate change and carbon asset management, established in 2012 by Shailendra Singh Rao and Vishwaraj Singh Rao. Creduce provides services to enable people and businesses to live a ‘carbon conscious’ life, a concept that is aggressively defining the landscape of how we live and utilize the earth and its resources.
Creduce aspires to become India’s premier, home-bred climate change mitigation and business service provider for the world.
The company has recently signed MoU for the World’s Single Largest Bamboo Cultivation Drive with Arunachal Pradesh to cultivate ‘Green Gold’. This was the world’s largest bamboo cultivation drive by a public-private partnership. The agreement encompasses the plantation of 100,000 hectares of forest and village land with bamboo, also called ‘green gold’. The landmark agreement signed under the visionary leadership of the Arunachal Pradesh chief minister Prema Khandu is set to propel the state into the green growth phase, leading the country and the world towards carbon neutrality. Studies have revealed that a one-hectare plantation of bamboo and its products could sequestrate 10,000 kilograms of carbon per hectare per year.
Indiantelevsion.com caught up with Creduce founder Shailendra Singh Rao on knowing some key elements in tackling climate change and spreading awareness among the people.
Edited excerpts
On the USP of the company
We understand the Carbon business as a whole. We offer multi-level solutions ranging from sequestration to marketplace all at one location.
On the challenges faced by the company
Slow understanding of the Carbon space among the major players and late decisive action amongst the government entities. There is still a lot to be done at the policy level for the Carbon market in India to rise and lead the world. There has to be an aggressive sense of urgency among the stakeholders too. That is missing at present.
Besides that, the challenges of ethics posed by the competitors hits the carbon industry overall. We need to ensure that all Climate change firms in the country are ethical and word-bound to perform. Else this fledgling industry will crash upon take off. It is the moral responsibility of all firms to ensure that we do the right thing.
On Creduce launching the World’s First Super Sustainable Blockchain Token “KICHEE”
KICHEE is Bharat’s First Super Sustainable Blockchain token, brainchild of Creduce Technologies Private Limited (CTPL). KICHEE’s aim is to be a Crypto Instrument enabling individuals and businesses to smoothly adopt a carbon neutral investment
Each KICHEE Token represents 100 kgsof CO2 or equivalent averted emission in a given year. It is backed on a 1:10 Basis by a Certified Carbon Credit. KICHEE will be linked to audited CO2 reduction projects such as Renewable Energy, Water Credits, Methane avoidance, Plastic Recycling etc. Every token minted is audited by the authorized Blockchain Auditor. Staying consistent and connected with the Climate Change eco-system of the world. We have been in existence since the time Climate change was not seriously considered. Besides, we have also tapped a lot of Governmental resources helping them with a variety of options to accrue carbon credits.
On industry trends and emerging technologies in renewable energy and climate change mitigation
Solar and wind power are leading the way in the renewable energy industry’s rapid expansion.
Emerging technologies, including energy storage, intelligent grids, and carbon capture and storage, are being developed to combat climate change.Governments across the globe are investing in renewable energy and climate change mitigation, thereby creating new business and investment opportunities.
Energy Storage: This technology enables the storage of excess renewable energy for later use, making renewable energy more reliable and affordable.
Smart grids: These grids use digital technology to increase the electricity grid’s efficiency and dependability, making it easier to integrate renewable energy sources.
Carbon Capture & Storage: This technology prevents carbon dioxide emissions from power plants and other industrial facilities from entering the atmosphere by capturing and storing them.
These are only a few of the numerous emerging technologies being developed to combat climate change. As these technologies continue to advance, they have the potential to make a substantial contribution to the fight against climate change.
On expansion and future plans
We intend to go aggressive in nature-based carbon solutions. We also intend to offer more clarity and platforms for international buyers so that they can buy carbon credits that can be traced back and have social impacts.
We are also actively seeking to offer solutions to all government undertakings to help them accrue the benefits of Carbon Credits for their projects together with other alternatives too.
We are looking at multiple options abroad to expand our base. However, there is just so much to do in our country that there would not be a need to go abroad. If we manage to simply lead the Climate Change Transformation of Bharat, we are home for the next decade.
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