Everimpact

Measuring carbon emissions, identifying reduction opportunities, and monetising reductions.

Past and Current Partners

ADB Ventures, Google SDG start-up accelerator, H2020, City Finance Lab and South Pole, Climate KiC, EIT Climate KiC urban mobility accelerator, UFO programme.

Active Countries
France
Thematic area(s)
Climate
Technology
SaaS
Organisation Name
Everimpact
READ MORE ON THEIR WEBSITE

The Problem

Cities are responsible for 70% of the world's GHG emissions: they have a huge reduction potential but lack the financial resources to invest in decarbonisation. Reducing and managing emissions requires measuring them. Currently, there is no proper technology available to measure CO2 emissions accurately particularly in urban & rural territories . As a result, emission reduction projects in cities are not generating revenues from the carbon offset markets, missing out on a $50BN market which is critically needed to help cities reach their net-zero targets. (Source: McKinsey report). Thanks to Everimpact’s digital carbon Monitoring Reporting Verification (MRV) solution, we help cities: - generate revenues from the voluntary carbon market (€1M to €5M/year for cities) - access green financing at improved interest rate - comply with reporting regulations We do that by measuring carbon emissions with satellite imagery, big data and sensors. We can provide our clients with their carbon footprint in near real-time, and help reduce emissions. Then, we certify the data to the highest standard, and find high profile carbon offset sellers in our current projects we monitor with the same methodology (e.g reputable Cities or Large companies). Work done to understand the cities’s pain point: With the help of the European Commission & the City Finance Lab, Everimpact worked with 8 EU cities (London, Manchester, Porto, Santander, Barcelona, Madrid, Malaga, Herning) to understand their needs and demonstrate the technology Our reporting and dashboard solution has been further refined with beta-users in the city of Dijon (France) as well as feedback from cities in Malaysia and Japan It’s worth noting that both the European Commission and the Asian Development bank have invested and are shareholders of Everimpact. AdB has a pipeline of 120 cities they would like to scale EverImpact solution to. In the UK and France, BT (British Telecom) and EDF (a French utility) have started deploying Everimpact’s solution to their network of cities as this is a priority topic for most city councils.

The Solution

Everimpact's digital carbon Monitoring Reporting Verification (MRV) solution helps cities generate revenues from the voluntary carbon market, access green financing at an improved interest rate , and comply with reporting regulations. This is done by measuring carbon emissions with satellite imagery, big data and sensors. The solution provides clients with their carbon footprint in near real-time and helps reduce emissions. It then certifies the data to the highest standard and finds high-profile carbon offset sellers in current projects monitored with the same methodology (e.g reputable Cities or Large companies).

How it works?

  • Step 1: Working with cities to set up an ambitious Climate investment plan that will decrease carbon emissions and ensure the city achieves net zero
  • Step 2: Performing a satellite imagery analysis of the area and installation of sensors on key spots
  • Step 3: Measuring carbon emissions to get a 12-month baseline, then measuring the emission reductions linked to the implementation of the decarbonisation projects. Measurements will be ongoing for the life of the project.
  • Step 4: Sharing a dashboard with the city and its population to track and report carbon emissions in real time
  • Step 5: Certifying carbon emission reductions
  • Step 6: Selling the emission reduction generated by the project and generating revenue for the city
Digital X Solution Everimpact

Bridging the digital divide

Everimpact's digital MRV solution is game-changing and allows cities or governments in developing countries to invest at scale and pace in the needed decarbonisation projects thanks to the carbon data and access to finance provided by Everimpact's solution. The solution allows deprived neighbourhoods in developed countries to get climate change projects implemented.

Impact and highlights

Everimpact is measuring 800kt of CO2 emissions/year and 20kt of CO2 emission reduction/year in Dijon (France).

Plans for expansion

The Asian Development bank is one of Everimpact's investors, hence Everimpact has started discussions in India & Indonesia. Everimpact is also in advanced discussions with Hitachi in Japan to implement a government-led voluntary carbon market. On the emission-intensive industry side, Everimpact is preparing projects in Malaysia and Canada.