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The United Nations Framework Convention on Climate Change (UNFCCC), Gold Standard, and the Clean Cooking Alliance are partnering to advocate for carbon finance opportunities to support clean cooking solutions.

The United Nations Framework Convention on Climate Change (UNFCCC), Gold Standard, and the Clean Cooking Alliance are partnering to advocate for carbon finance opportunities to support clean cooking solutions.

ImpactDigger by ImpactDigger
February 16, 2023
in Carbon market
Reading Time: 2 mins read
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Media contact: info@goldstandard.org

Clean cooking is an essential part of the solution to climate change, and carbon markets represent a critical resource in support of clean cooking. The international community has more and significantly better data specific to clean cooking, including a much more detailed understanding of fraction of non-renewable biomass (fNRB) values, baseline energy needs, stove performance data, and more. Carbon markets play a key goal in the pursuit of net zero greenhouse gas emissions and have the potential to provide funding at the scale and speed necessary to bring about large-scale transitions in the world’s energy systems and economies.

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The Clean Cooking Alliance (CCA), United Nations Framework Convention on Climate Change (UNFCCC), and Gold Standard (GS) have been working to strengthen the methodologies for clean cooking carbon projects to ensure they are robust, sound, and grounded in the latest evidence. This includes improved regulations, including international ISO standards for clean cooking, enhanced Measurement, Reporting and Verification (MRV) approaches, and more savvy participants in the market. GS has also updated its cookstove methodologies, introducing conservative default factors, improved monitoring requirements with safeguards and caps, and a new methodology for advanced cooking solutions.

CCA, along with UNFCCC and GS, is continually reviewing the latest evidence, and seeking to improve methodologies in line with the latest science. The organizations are working to ensure that clean cooking, a critical climate solution, receives strong support and that the carbon market works for the many, not the few. This is an important step towards meeting the Paris Climate Change Agreement’s goal of keeping a global average temperature rise this century well below 2 degrees Celsius and to drive efforts to limit the temperature increase even further to 1.5 degrees Celsius above pre-industrial levels.

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