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Climate finance for clean and efficient cookstoves





by h.galt@climatefocus.com Szymon Mikolajczyk


Climate Focus


Issue: 69


Journal section: Theme Articles
Download article in PDF format: Download 05666 HD Boiling Point 69 Theme Galt.pdf

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Received: 2017-12-10

Accepted: 2017-12-10

Abstract


Depressed carbon prices have left many climate change mitigation initiatives stranded. We make the case for using the architecture of the Clean Development Mechanism (CDM) to facilitate the transfer of international climate finance to clean and efficient cookstove projects and programmes, allowing for the rapid scale-up of registered activities and replication of efforts in new regions. The CDM offers a credible and transparent framework that enables the linking of invested funds to verified greenhouse gas mitigation impacts. Issued and subsequently cancelled carbon credits could serve to trigger results-based payments, rather than be used to compensate emissions occurring elsewhere. By targeting initiatives capable of reaching financial sustainability over time, multilateral and bilateral climate financiers can encourage the creation of mature, private sector driven cookstove markets. Such financial support could enable the scale-up of activities in line with country’s Nationally Determined Contributions (NDC), more than a quarter of which refer to cookstoves as a priority area of intervention.






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Categories:
010 Stoves 012 Cooking 013 Financing Climate change


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