Key Takeaways
- CONFED and EcoGuard Global signed an agreement at the World Economic Forum in Davos.
- The partnership will establish the Philippines’ first national Carbon Office powered by a digital platform built on Hedera.
- The initiative aims to digitize the full carbon credit lifecycle with real-time monitoring and verification.
- More than 3 million coconut farmers are expected to benefit through access to carbon finance.
- The platform is targeted for deployment by June 2026 and aligned with Article 6 of the Paris Agreement.
CONFED and EcoGuard Global Formalize Carbon Office Agreement at WEF Davos
The Confederation of Coconut Farmers Organizations of the Philippines (CONFED) and EcoGuard Global AG announced the signing of an agreement at the World Economic Forum Annual Meeting in Davos to establish the Philippines’ first Carbon Office. The initiative will be powered by EcoGuard Global’s digital carbon financing and exchange platform, built on Hedera, with Telenym serving as the local technology partner.
The agreement reflects growing global demand for real-time verification, auditability, and transparency in carbon markets. The EcoGuard platform is designed to digitize and automate the full carbon asset lifecycle, including project registration, digital Monitoring, Reporting and Verification (dMRV), issuance, tracking, trading, and retirement of carbon credits, ensuring traceability and data provenance.
CONFED Coconut Farmers to Access Digital Carbon Markets
CONFED represents more than 3 million coconut farmers across the Philippines and manages an estimated 540 million tonnes of CO₂e through regenerative agriculture under the national COCAL Program. As part of the agreement, EcoGuard Global plans to register approximately 347 million coconut trees on its platform, enabling farmers to monetize existing carbon sequestration activities while supporting national climate targets.
