Clean-energy and carbon-finance company, FuelTree Limited, has officially launched to transform access to clean cooking, carbon markets, and green finance across the continent.
Established as a special-purpose vehicle of SMEFUNDS, CSR-in-Action Consulting and Carbon Credit Network Africa (CCNA), FuelTree builds on more than a decade of sustainability leadership, community engagement, and carbon-project development experience.
FuelTree’s flagship innovation, the Virtual Cylinder Recirculation Model (vCRM), is a digital platform that enables households to access clean cooking liquefied petroleum gas (LPG) and nutritious food while generating verifiable carbon credits under international standards such as Verra and Gold Standard.
Each participating household which switches from firewood or kerosene not only avoids around 2–3 tonnes of CO₂e emissions per year, but also plays a direct role in Nigeria’s Decade of Gas, Energy Transition Plan (ETP) and the recently approved National Carbon Market Framework, helping the nation to achieve its targets for energy access, female empowerment and job creation through sustainable value chains.
FuelTree unites some of Africa’s foremost sustainability and carbon-market innovators, including leading Nigerian sustainability champion Dr. Bekeme Masade-Olowola, former board member of the Global Reporting Initiative (GRI), and Femi Oye, an internationally recognised renewable-energy entrepreneur and member of the Verra Stakeholder Council.
CCNA is Africa’s carbon aggregator with a proven track record of successful project implementation in clean cooking, agroforestry and distributed renewables.
CSR-in-Action is a think-tank with UN status, provides institutional credibility, policy and corporate sustainability and ESG experience and SME Funds brings deep technical experience in carbon-credit project development and last-mile energy distribution.
FuelTree Limited is the engine which takes these assets from policy and potential to measurable results for Nigeria, Ghana and beyond. CSR-in-Action’s international partnerships extend through its collaboration with Carbon Direct, a U.S.-based global leader in carbon management solutions.
As reported by Carbon Herald, “Carbon Direct and CSR-in-Action have teamed up to boost decarbonization in Africa.” This alliance brings world-class scientific and financial rigour to African carbon projects, enhancing FuelTree’s credibility among investors, regulators, and standard-setters.
“FuelTree represents a new era of African-led climate innovation, where we don’t just talk about transition; we build it, measure it, and make it profitable,” said Dr. Bekeme Masade-Olowola, Managing Director of FuelTree. “Our mission is to create millions of clean-energy households while driving measurable carbon revenue and inclusive prosperity.”
Mr. Femi Oye, CTO and renewable-energy pioneer, added: “Through FuelTree’s vCRM, we are digitising every tonne of avoided emissions; ensuring Africa’s carbon assets are traceable, tradable, and beneficial to local communities.”
FuelTree’s integrated model directly supports COP30’s thematic priorities, Energy Transition, Carbon Markets, and Food Systems, by connecting government, private sector, and communities in a transparent digital ecosystem.
Within its first phase, the company targets 100,000 households, scaling up to 10 million by 2030, unlocking significant carbon-credit revenues and socio-economic benefits.
