Published by Todd Bush on November 13, 2023
WATERTOWN, Mass., Nov. 13, 2023 (GLOBE NEWSWIRE) -- Spectaire Holdings Inc. (NASDAQ: SPEC) (“Spectaire”), a provider of air quality monitoring and emissions reduction services, is pleased to announce the sale of 12,500 carbon offset credits for $750,000 USD with Sankofa LTD (“Sankofa”) acting as broker to the transaction. This transaction marks a significant milestone in the carbon offset marketplace, as management believes these credits will be some of the first credits sold based on measurement of actual emissions in the field.
Traditionally, carbon offsets are approved at the program level where the environmental impact is estimated, and carbon credits are issued based on those projections. Through AireCore, Spectaire measures emissions directly in the field resulting in what management believes are some of the first carbon credits sold based on the measurement of actual reductions.
Carbon credits play a pivotal role in the infrastructure of emissions reduction. However, the market is challenged by the lack of precision and credit level auditability. With AireCore, each credit can be audited to see when and where the reductions occurred as well as what specific gases were impacted. Management expects the specificity and traceability of Spectaire’s next generation offsets to give consumers enduring value through carbon credits backed by measured results.
"As the demand for carbon credits increases, the historical land-use based supply does not offer the same level of traceability and specificity as those measured through AireCore. The world needs carbon credits that are accurately measured to achieve the NET ZERO targets confidently," said Brian Semkiw, Founder and CEO of Spectaire. "Sankofa continues to be an excellent partner finding environmentally progressive companies, who are taking affirmative action to reduce Scope 1 and Scope 2 emissions and complementing those efforts through investment in carbon credits."
"Sankofa is committed to the use of carbon offsets in addition to operational reduction in emissions,” said Aviram Malik, CEO of Sankofa LTD. "This initial placement of 12,500 credits with a client who understands the value in carbon credits that are measured not estimated is a great first step in the adoption of a new baseline of carbon credit transparency. Sankofa recommends to our clients to not just invest in carbon offsets but to take ownership of the selection criteria and we believe educated clients understand Spectaire measured carbon credits will appreciate in value over time."
Spectaire (Nasdaq: SPEC) is a provider of air quality monitoring and emissions reduction services. Spectaire is dedicated to delivering effective solutions that help businesses worldwide reduce their carbon footprint, with a focus on creating high-quality, traceable carbon credits.
Sankofa (https://sankofa.earth/) is positioned to impact the carbon credit market by injecting liquidity and transparency into carbon credit transactions. Through their active role in transactions connecting progressive buyers and sellers of innovative technology-driven credits, Sankofa helps restore a direct flow of capital, with the aim to ensure optimal impact to the United Nations Sustainable Development agenda.
Website: Spectaire.com
Follow the money flow of climate, technology, and energy investments to uncover new opportunities and jobs.
Inside This Issue 💰 RepAir Raises $15 Million to Scale Electromechanical Carbon Capture Solution ⚙️ Haffner Energy Unveils Hynoca® Flex 500 IG: a Flexible, Cost-effective Alternative to Grey Hydro...
Inside This Issue 🏆 XPRIZE Makes History, Awards $100m Prize for Groundbreaking Carbon Removal Solutions USA - English USA 🌍 Vaulted Deep Wins $8M in XPRIZE Carbon Removal Competition 🧱 PHNX Mater...
Inside This Issue 🌲 Living Carbon Announces Agreement with Microsoft for 1.4 Million Tonnes of Carbon Removal from Reforestation of Former Mine Lands in Appalachia 🏭 US Energy Expands Carbon Captu...
Exxon Mobil (NYSE:XOM) Partners With Calpine for Large-Scale Carbon Storage and Low-Carbon Energy
Exxon Mobil recently revealed a significant agreement to manage carbon dioxide storage with Calpine Corporation, a move that might contribute to its role in low-carbon energy initiatives. The compa...
RepAir Raises $15 Million to Scale Electromechanical Carbon Capture Solution
RepAir announced that it has raised $15 million in a Series A funding round, with proceeds to be used to commercialize the company’s electromechanical solution designed to remove atmospheric and in...
STORD, Norway, April 24, 2025 /PRNewswire/ -- Höegh Evi, a global leader in marine energy infrastructure, and Wärtsilä Gas Solutions, part of technology group Wärtsilä, have successfully completed ...
Haffner Energy unveils Hynoca® Flex 500 IG: A flexible, cost-effective alternative to grey hydrogen and fossil fuels Cogeneration of hydrogen and electricity offers a unique solution for managing r...
Follow the money flow of climate, technology, and energy investments to uncover new opportunities and jobs.