PwC fails to secure buyer for Koko’s carbon credits

Koko networks relied on carbon credit sales to offset losses from supplying heavily subsidised bioethanol stoves and fuel to low-income households.

Photo credit: File | Nation Media Group

The administrator of collapsed clean cooking start-up Koko Networks has failed to secure a buyer willing to pay a meaningful price for the company’s carbon credits, threatening efforts to recover money owed to creditors.

A carbon credit is a tradable certificate that represents the removal or reduction of one tonne of carbon dioxide or an equivalent greenhouse gas from the atmosphere.

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