Accelerating development and distribution of tech-driven solutions in the clean cooking sector
“Nearly one out of three people rely on polluting cooking fuels like charcoal, wood, and kerosene. Such “dirty cooking” is a leading source of carbon emissions and kills some four million people each year.” (Clean Cooking Alliance)
Based on our success in the off-grid solar sector, we aim at accelerating the development and distribution of next-generation clean cooking solutions, by enabling manufacturers and distributors of such technologies to gain access to the carbon market. In order to achieve this, we have set up a loose working group of industry stakeholders aimed at creating tech-enabled and data-driven solutions that will drive the mobilisation of climate finance to the emerging clean cooking 2.0 sector.
The working groups within this this Clean Cooking Carbon Finance Initiative (CCCFI) include; designing and implementing pilot projects, developing and verifying new data-driven methodologies, showcasing technology demonstrations, and testing and implementing innovative financial instruments that leverage climate assets and help bring more up-front capital to the sector.
Workstream 1: Methodology development and PDD design.
This workstream aims at designing data-driven methodologies for monitoring, verifying and reporting on clean cooking projects.
Workstream 2: Technology, data connectivity and codification of carbon methodologies.
Aims to support the development of secure and standardized connectivity protocols for next-generation cookstoves. The implementation of these new standards coupled with codified CO₂ methodologies (Workstream 1), provide an opportunity for massively distributed cookstoves to enter high-integrity, data-driven offset programs.
Workstream 3: Climate finance instruments and models
Designing and testing financial instruments which supplement existing tools for evidence- and results-based disbursement of funds to clean cooking projects. Areas under examination include the collateralization of carbon credits, demand-side subsidies, and other finance mechanisms, particularly in emerging service-based business models.
Cross-cutting mechanisms (pilots and demonstrations):
Intended to apply and operationalize the CCCFI, this method leverages the work of the aforementioned workstreams through the design and implementation of ongoing pilot and demonstration projects. The aim is to provide a solid framework and tech-based platform for clean cooking projects to monetize their collected carbon avoidances.