Friday, 4 October 2013

Registered! A New Funding Source for Cleaner Cooking

Projects that reduce greenhouse gas emissions can be registered under the Clean Development Mechanism (CDM) of the United Framework Convention on Climate Change (UNFCCC) to gain additional funding from the international carbon market.

Improved cookstoves reduce the amount of wood required for cooking. This wood to a large extent is considered non-renewable as it is collected from forests that are not replanted. Projects promoting improved stoves  therefore also reduce greenhouse gas emissions and can be registered as a CDM project.

With support from IGEN-RE, the Indian Ministry of New an Renewable Energy (MNRE) has just registered a so-called Programme of Activities (PoA) under the CDM to promote clean cooking stoves all over the country. This PoA will serve as an umbrella structure for interested project implementers such as private companies, NGOs or government institutions to develop and fund new stove projects.

It took about 2 years to reach this point; the more satisfied we are with the successful registration in the last days. We are looking forward to the first projects to benefit from this new funding facility.

For more information on the India cookstove PoA, please refer to the UNFCCC website.
For more general information on carbon finance for improved stoves, pleaser have a look at  the Carbon Finance Website of the Global Alliance for Clean Cookstoves.

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