Innovobot Labs and Azzera Partner to Accelerate the Net-Zero Transition
MONTREAL, Aug. 8, 2022 /PRNewswire-PRWeb/ -- R&D, Engineering and Innovation company Innovobot Labs and carbon offsetting solutions specialist Azzera are joining forces to simplify access to carbon credits for businesses and the general public.
Game-changing technology for the carbon offset market
Carbon offsetting is the purchase of credits to compensate unavoidable carbon emissions. Currently, this is a highly complex process, heavily burdened by bureaucracy. Azzera now simplifies this process through a unique and rigorously curated marketplace that supports both individuals and businesses, looking to offset their emissions. What makes this a game-changing approach is its intuitive simplicity that does away with the need for expensive intermediaries.
Institutions and businesses initiating an offset program simply go to the Azzera website. There, they select an offset program from a worldwide Carbon Marketplace. For those beginning their sustainability journey, Azzera's specialists can assist in measuring their Carbon footprint. Each program selected for the Marketplace is rigorously audited for tangible results, to guard against greenwashing. For organizations operating in compliance-based regulatory environments, Azzera offers comprehensive support, securing all necessary allowances and ensuring that all program requirements are met.
Individuals looking to make a difference can determine their environmental impact using Azzera's online Carbon Footprint Calculator. From there, they too can access the Carbon Marketplace and select the offset program that fits their needs.
A ground-breaking carbon credit exchange to reward GHG efficiency
The partnership with Innovobot Labs will focus on the next phase in Azzera's growth: the creation of a ground-breaking online, transparent blockchain-based exchange. This new platform will greatly facilitate carbon-credit trading. It will be open to both individuals and business participants.
"This exchange, the first of its kind, will offer businesses and the general public a place to buy and sell carbon credits. A significant proportion of these credits sits unused in portfolios because their owners have met or exceeded their carbon reduction goals. Our exchange is a way to reward these organizations and individuals for their efficient management of GHGs. It also creates a new offering for those looking to buy credits at the most competitive price," says Azzera CEO & co-founder Puja Mahajan.
A recently published McKinsey report predicts that the demand for Net Zero offerings could generate over $12 trillion of annual sales by 2030. As the net-zero transition advances, markets for zero-emission offerings should expand further, says the report. "The Azzera Carbon credit Exchange will give participants a ground floor opportunity to tap into this expanding market," adds co-founder Nick Houseman.
A partnership that democratizes the use of carbon offsets
Through this strategic partnership, Innovobot Labs will help Azzera build its one-of-a-kind trading platform and enhance the technological elements of its solution. In parallel, the Labs' advisory team will support the design of the marketing and commercialization strategy. The end-result of this collaboration will make carbon offsetting solutions simpler to access and more affordable to use, across all major economic sectors.
"We are very excited at the prospect of working with Azzera. The trading platform will bring positive disruption to the offset market, while democratizing the fight against greenhouse gases. We are proud to work with Azzera to co-create a leading carbon credit exchange and accelerate its path to market," says Fadi Albatal, Chief Operating Officer at Innovobot and President of its technology research and development arm, Innovobot Labs.
"The partners at Innovobot Labs have come together to contribute to environmental sustainability and the improvement of human well-being. Azzera's mission dovetails with our Tech-for-Good goals," he concludes.
About Innovobot Labs
Innovobot Labs is an R&D, Engineering and Innovation Design House operated by Innovobot Inc. The Labs tackle pressing problems through the development and application of cutting-edge technologies. Focused on Haptics, Robotics, AI, Advanced Materials and IoT, Innovobot Labs provides companies with a framework for open innovation and collaboration, with the goal of creating products, solutions and IP that are commercialization-ready. For more information, please visit http://www.innovobotlabs.com
Azzera is an innovative provider of carbon offsetting solutions. The company was founded on the belief that investing in the protection of our environment should be simple. Business owners and managers seeking to implement carbon-neutral operations, and individual consumers wanting to make responsible environmental choices all require support to reach their objectives. Azzera's mission is to make trading high-quality carbon offsets effortless. For more information, please visit https://azzera.com/.
Mark Lowe, Azzera, 1 (514) 576-2519, [email protected]