The CLIMAFIX Summit is India’s largest climate startup summit, organized by EAI & Energy Consortium – IIT Madras. Sapna Nijhawan of FinBird shares her thoughts on GHG Management at CLIMAFIX Summit 2022, Nov 22, 2022, at the IIT Madras Research Park, Chennai.
The session was moderated by Vinod Shankar, Java Capital
Other panel participants were:
Muthu Kumar – Energia (Watch their presentation – here)
Sandeep Bhattula – Qualivon Technologies (Watch their presentation – here)
Ronak Mistry – Greenovate Solutions (Watch their presentation – here)
Inderan Kannan – Climec Lab (Watch their presentation – here)
In a world where environmental sustainability is of paramount importance, FinBird Technologies, led by its founder Sapna Nijhawan, is pioneering the way forward in GHG (Greenhouse Gas) management, ESG (Environmental, Social, and Governance) compliance, and carbon mitigation and trading. In this blog, we delve into FinBird’s significant role in facilitating carbon credits, assisting companies in generating and trading these credits, and how they are driving the transition to green technology.
The Importance of Carbon Credits:
Sapna Nijhawan, the founder of FinBird Technologies, gave a compelling presentation, outlining the pivotal role of carbon credits in encouraging the adoption of green technology. She explains that carbon credits represent permits allowing a certain level of carbon emissions. Companies can generate credits from various green technologies such as wind, solar, and waste management. Sapna also highlights the role of carbon credits as collateral, facilitating capital for green technology projects.
The Slow Adoption Rate:
One of the significant challenges in the transition to sustainable technologies is the slow adoption rate. In her presentation, Sapna emphasized the importance of incentivization through mechanisms like cap and trade. Only less than two percent of the world’s energy is based on renewable energy, indicating the urgent need for a more rapid transition. Carbon credits, she explained, play a vital role in this transition, incentivizing companies to invest in green technologies.
FinBird’s Involvement in Carbon Trading and Environmental Management:
FinBird is deeply involved in carbon trading, environmental management, and ESG compliance. They leverage AI-enabled technology introduced by the UNFCCC and the World Bank for monitoring and auditing purposes. One of their significant partnerships is with the Tamil Nadu Agriculture Consortium to audit over 3 million hectares of land to generate and monetize carbon credits for sustainable farming.
Partnerships and Clients:
FinBird’s client portfolio includes major corporations such as Unilever, LG, Sipaf, British Petroleum, and Cargill. The core team, consisting of Sapna, a finance major from Yale, and her CTO, who has 15 years of experience in the electric vehicle industry, along with Wasim Akram, the business head, brings an impressive range of expertise to the table.
FinBird, under the leadership of Sapna, is at the forefront of GHG management and is playing a pivotal role in the transition to sustainable technologies. Their commitment to environmental sustainability, ESG compliance, and carbon trading is commendable. As we move towards a greener future, FinBird’s innovative approach and strategic partnerships are sure to make a significant impact. Reach out to Sapna and her team to learn more and be a part of this crucial movement toward a more sustainable future.
