We are happy to share the launch of the report on Delivering Responsible Carbon Finance to the clean and improved cooking sector!
The Clean Cooking Alliance envisions a mature, flourishing clean cooking carbon market that operates with integrity, transparency, fairness, and sustainability. Their goal is a trusted carbon market in which carbon credit buyers are confident in the emission reductions and co-benefits delivered and award premium pricing as a result.
To get to sustained financial investments, buyers’ confidence in the market needs to grow. For that reason, the report presents 12 Interim Principles that aim to provide guidance in the market, and together serve for a coordinated strategy needed to ensure that clean and improved cooking solutions deliver the high-quality carbon credits that buyers expect.
Developed in concert with several rounds of consultations, the report and Interim Principles benefited from the collective inputs of more than 500 individuals representing 267 institutions across the clean cooking and carbon financing landscape. These volunteers included project developers, carbon credit sellers and re-sellers, service providers, market facilitators, consultants, carbon standards, and end buyers of carbon credits.
The Clean Cooking Alliance aims to develop the Interim Principles into a code of conduct that is recognized by end buyers of carbon credits as a hallmark of high quality. To facilitate this process, the Interim Principles are open for consultation until January 31, 2024. Input is sought from all actors in the clean and improved cooking ecosystem, as well as carbon markets (e.g., current project developers, aspiring project developers, end buyers, carbon Standards, governments, verification bodies, financiers, service providers, and other carbon initiatives).
Please click here for guidance on submitting your feedback on the Interim Principles for Responsible Carbon Finance in Clean Cooking. The consultation window will be open from November 28, 2023, to January 31, 2024.