Islan Asset Management Sarl (Islan) and Ecoinvest Carbon S.A. have been picked by the German Agency for International Co-operation (GIZ) to establish a program to curb greenhouse gas by distributing energy-efficient cooking stoves in Africa. The SADC Regional Carbon Facility (SRCF) program will initially focus on Mozambique, Malawi, Tanzania and Zambia.
The program to replace less energy-efficient stoves may curb carbon dioxide output by about 2 million metric tons over seven years, creating carbon credits.
The improved cookstoves supported by the SRCF bring health and financial benefits to local communities in the host countries and contribute to sustainable economic development through local manufacturing and distribution businesses.
SRFC will focus in collecting data and qualifying them for carbon emission credits. Islan will manage the financing of the costs of emission credits while Ecoinvest Carbon S.A. will give technical advisory.
“We are excited to partner with Islan Asset Management Sarl (Islan) and Ecoinvest Carbon S.A. They bring market leading expertise in emissions and a long history of operating in emerging economies. We are certain they will continue the fine work by ProBEC in developing cookstove opportunity in Southern Africa,” said Peter Conze, GIZ Country Director for South Africa, Botswana and Lesotho.
To read full story: Islan Asset Management will manage the Southern African Development Community Regional Carbon Facility
Photo: The KUUTE stove.
The Tanzania Cook Stove Dissemination Project is developing and testing cost-effective methods to disseminate an improved cook stove throughout urban, charcoal-using markets of Tanzania. After evaluating various cook stove designs, project leaders chose a biomass energy saving stove known as the “KUUTE” stove. KUUTE has been shown to increase fuel savings and heat transfer when compared to other leading designs. It is developed in Tanzania and is made by local artisans. While the initial reception has been positive, KUUTE is a relatively new innovation. Researchers, in partnership with a local NGO, COSTECH, hope to increase the efficiency of their dissemination efforts by focusing on vendor trainings. The dissemination method of the stoves would rely on existing producers and supply chains and thus add only minimal new infrastructure costs. Additionally, the project is working on the development and verification of a Gold Standard principles-based methodology to tap carbon credits from the voluntary market for cook stove projects.
