“Carbon Credit Finance Can Bring Clean Cooking to Every Home in Africa” an OP-ED by Peter Scott
“Today, carbon finance alone can generate the capital needed to lead the clean cooking transition. The amount needed is less than people might imagine, for example, a $1 billion investment can deliver ~30 million stoves. These stoves can then generate enough carbon credit revenue over a 7-year crediting period to repay the principal investment and still subsidise an additional 50 million stoves, or about the number of stoves that Africa needs each year.”
Title
“Carbon Credit Finance Can Bring Clean Cooking to Every Home in Africa” an OP-ED by Peter Scott
Author(s)
Peter Scott
Published
June 2024
Website
Download paper“Today, carbon finance alone can generate the capital needed to lead the clean cooking transition. The amount needed is less than people might imagine, for example, a $1 billion investment can deliver ~30 million stoves. These stoves can then generate enough carbon credit revenue over a 7-year crediting period to repay the principal investment and still subsidize an additional 50 million stoves, or about the number of stoves that Africa needs each year” shares Peter Scott, CEO of BURN in his latest OP-ED.
Read more of his views on Carbon Credit Financing here.
Join our network
Our network grants you access to a growing pool of invidual and institutional events, resources, opportunities, and in-person connections.