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Our Current Climate
The Singapore government aims to deploy 60,000 electric vehicle (EV) charging points across the country by 2030, with some 40,000 in public carparks and 20,000 in private premises. Singapore aims to phase out Internal Combustion Engine (ICE) vehicles and have all vehicles run on cleaner energy by 2040.
Our Carbon Solution
The Electric Vehicle Acceleration Grouped Project (“EVA”) is an initiative undertaken by CRX CarbonBank Pte Ltd. Operators of charging points, owners/operators of EV fleets or providers of services which facilitate the provision of electric mobility can participate to generate revenue from carbon credits which can contribute to the growth in the EV space.
This programme has started out in Singapore but we are planning on expanding it around the Asia-Pacific Region.
The Mechanics of EVA
The delta between the two qualifies for a Carbon Credit program through an International Carbon Standard. A Carbon Credit is designed to encourage activity that curtails greenhouse emissions, by incentivizing its seller with economic return, and its buyer the permission to emit unavoidable emissions.
EVA is an ecosystem of charging point (CP) owners, EV owners/operators.
Data is collected from every successful charge event that happens between a CP & EV.
Data collected on a real-time basis goes onto the EVA system, and is placed on a secure blockchain platform.
Algorithms in the EVA system then calculate the emissions reduced.
Calculated data is verified by the Carbon Standard.
Carbon Credits are issued by VERRA, an International Carbon Standard.
Carbon Credits are monetised and distributed to each EVA partner per their contract.
Sustainable Development Goals
The EVA Programme is aligned with these Sustainable Development
Goals—the UN blueprint to achieve a better future for all.
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