ClimateCare & BioCarbon launch cookstove project in GhanaApril 2013
Climate and development organisation ClimateCare, together with investment partner BioCarbon, is looking to improve health and reduce carbon emissions with the registration of its Clean Development Mechanism (CDM) cookstove Programme of Activities.
“Improved cook-stoves offer significant reductions in carbon emissions as well as transformational health benefits and conservation of highly threatened forests. We believe that this project can showcase the value of private sector investment in pro-development climate change mitigation efforts,” said Johannes Ebeling of BioCarbon, investor in land based carbon mitigation.
The project has been validated under the CDM and will be accredited for reductions of emissions recognised under the Kyoto Protocol. The project will also reduce ‘black carbon’, or soot, increasingly recognised as a key contributor to climate change.
“With the current low CER price, it is absolutely vital that we find ways to continue to fund projects such as these, which both reduce emissions, and, crucially deliver real, measurable differences to people’s lives, health and financial security. Given this, our work to measure and secure Results Based Finance for all the outcomes of these integrated projects is more important than ever,” said Tom Morton, ClimateCare director.
ClimateCare says the project has the potential to decrease 1m tonnes of CO2 and help take pressure off vulnerable native forests, which remain the main source of cooking fuel in Ghana.