$2 Million Joint Donation For Proyecto Mirador's Improved Stoves In Honduras

The Grantham Foundation for the Protection of the Environment and Overlook International Foundation have announced a joint US$ 2.0 million donation to Proyecto Mirador, a Gold Standard fuel-efficient stove project in Honduras, according to a Press Release. The donations will support the construction of over 100,000 La Justa Dos por Tres stoves over the coming ten years. It will help reduce carbon emissions in excess of 150,000 tons, reduce toxic smoke inside 100,000 homes and provide the Honduran families with tangible economic benefits from a reduction in the consumption of increasingly scarce fuel wood resources.

Proyecto Mirador (PM) hopes its stove project can serve as a model for other groups around Central America where the damage from deforestation and indoor air pollution is accelerating each year. Jeremy Grantham, Chairman and Founder of ’The Grantham Foundation for the Protection of the Environment‘(GFPE) said, “We have been supporting Proyecto Mirador for the past five years and have been impressed by its integrity, its determination in securing Gold Standard registration and its vision to utilize the carbon markets for funding this social benefit."

Proyecto Mirador plans to initiate sales of carbon credits in 2011. Richard and Dee Lawrence, Directors of the Overlook International Foundation and cofounders of PM, say, “Gold Standard certification can provide an exceptional opportunity for stove projects around the world to become self-funding and self sustaining. We believe such a market based solution must be a core requirement if the world is to provide improved stoves to the more than 500 million households that cook over open fires and live with indoor air pollution and under the threat of deforestation”.

Photo Courtesy: Proyecto Mirador
Full Press Release: The Grantham Foundation for the Protection of the Environment and Overlook International Foundation announce a joint US$ 2.0 million donation to Proyecto Mirador, a Gold Standard fuel-efficient stove project in Honduras