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.
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.