Wedoany.com Report on Feb 5th, During the annual meeting of the World Economic Forum in Davos, the Confederation of Coconut Farmers Organizations of the Philippines (CONFED) and Swiss carbon technology company EcoGuard Global AG officially signed a cooperation agreement, announcing the joint creation of the Philippines' first Digital Carbon Office. This office will operate based on the digital carbon financing and trading platform (EcoGuard platform) built on Hedera distributed ledger technology, with local technology partner Telenym also participating in its development.
This collaboration is seen as a significant step in the evolution of carbon markets towards Phase 2.0, aiming to meet the growing demand from governments and investors for real-time verification, auditability, and transparency in carbon markets. The EcoGuard platform will digitize and automate the entire lifecycle management of carbon assets, covering project registration, digital Monitoring, Reporting, and Verification (dMRV), issuance, tracking, trading, and retirement, ensuring each carbon credit has complete traceability and data provenance.
CONFED represents over 3 million coconut farmers in the Philippines, managing approximately 540 million tonnes of CO2 equivalent through regenerative agriculture. According to the agreement, EcoGuard plans to register 347 million coconut trees on the platform, helping farmers convert carbon sequestration activities into economic benefits and supporting the Philippines in achieving its national net-zero goals. CONFED Chairman Charles Avila stated, "Real-time dMRV reporting replaces traditional manual audits, enabling farmers to receive financial incentives promptly after carbon sequestration, avoiding value loss due to administrative delays and compliance costs."
EcoGuard Global CEO Yashodhan Ramteke pointed out, "The expansion of carbon markets needs to serve those who actually generate climate benefits. Our partnership with CONFED will enable millions of Filipino farmers to access global climate finance through a digitally verifiable framework compliant with Article 6 of the Paris Agreement." The platform is expected to be deployed by June 2026, supporting international carbon credit transactions and utilizing the jBPM workflow engine for automated management of carbon processes.
The Philippines, as the world's second-largest coconut producer, yields approximately 15 million tonnes of coconuts annually. By connecting to international carbon markets through the Article 6 mechanism, this initiative is expected to generate additional income for farmers, which can be used to improve livelihoods and support CONFED's replanting program—targeting an additional 100 million coconut trees by 2028, while also investing in smart agricultural technology to enhance productivity and climate resilience.
EcoGuard Global is a company under The Hashgraph Group, focusing on building high-integrity, traceable digital carbon market infrastructure. Its platform is based on the Hedera network, ensuring the immutability, transparency, and auditability of carbon trading processes. Previously, THG has collaborated with the Philippine Department of Science and Technology to jointly advance blockchain applications in areas such as smart agriculture, circular economy, and carbon credits.
