Clean cooking projects must be grounded in the latest science
and backed by strong measurement and monitoring approaches.
WASHINGTON, July 2, 2024
/PRNewswire-PRWeb/ -- The world will not reach net-zero
without addressing clean cooking access. And the cooking crisis —
like climate change — will not be solved without carbon
finance.
CCA and numerous partners are working to
put in place the policies and tools necessary to ensure the
long-term success of the voluntary carbon market for clean
cooking.
For carbon markets to thrive, they must be based on trust,
integrity, fairness, and transparency. There is no place for
fraud, corruption, or other wrongdoing. The Clean
Cooking Alliance (CCA) commends the efforts of the new leadership
at C-Quest Capital to address the alleged wrongdoing of its
previous CEO and to minimize the impacts to its customers and the
voluntary carbon market.
Clean cooking projects must be grounded in the latest science
and backed by strong measurement and monitoring approaches. There
are clear signs of progress in the clean cooking carbon market. CCA
and numerous partners are working to put in place the policies and
tools necessary to ensure the long-term success of the voluntary
carbon market for clean cooking, including efforts such as:
- Developing a new carbon methodology: The CCA-led Clean Cooking
and Climate Consortium (4C) has just released a comprehensive
methodology for crediting emissions reductions from cooking
projects. Developed over an 18-month, collaborative process, the
new methodology is intended to become the standard for cookstove
projects under Articles 6.2 and 6.4 of the Paris Agreement, and for
the voluntary carbon market. The public is invited to submit
comments before the deadline of August 2,
2024.
- Adopting guiding principles: CCA worked with hundreds of
partners to develop the Principles for Responsible Carbon Finance
in Clean Cooking, with the goal of improving market norms,
instilling confidence in clean cooking carbon markets, and
incentivizing investment. Launched at the Summit on Clean Cooking
in Africa in May 2024 and endorsed by more than 160
organizations, these Principles underpin the ongoing development of
a Code of Conduct for project developers.
- Updating fNRB values: The United Nations Framework Convention
on Climate Change has commissioned a team of scientists to update
fNRB (fraction of non-renewable biomass) values, a key input
parameter for any cookstove project, which will be reflected in the
new methodology developed by 4C. The organization's Methodologies
Panel is seeking input on the updated revised report on the default
values for fNRB.
Together, these and other advancements contribute to improved
trust, integrity, fairness, and transparency — essential elements
to drive the carbon market forward and to ensure carbon finance for
clean cooking is done right.
Media Contact
Kip Patrick, Clean Cooking
Alliance, 2028879040, kpatrick@cleancooking.org
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SOURCE Clean Cooking Alliance