Results-Based Financing for Clean Cookstoves in Uganda
Sector:
Clean Energy, Energy Efficiency
RBF Instrument:
Performance-based payment; consumer vouchers
Greenhouse Gases (GHG) Avoided:
0.7-1 Mt of CO2e emission avoided
Project Sponsor:
Deutsche Gesellschaft Fűr Internationale Zusammenarbeit (GIZ) German Federal Ministry for Economic Cooperation and Development (BMZ) Nordic Climate Facility (NCF) UNDP; UNEP; World Bank (WB)
Description:
In aggregate, fuel savings can be substantial since quality cookstoves reduce fuel consumption by approximately 50 per cent. This produce fuel savings worth between US$36 and US$73 million over the five years of the intervention above what the market would have created on its own. The additional carbon reductions accumulate to US$35 million. This assumes three carbon credits per ICS per year at a carbon credit value of US$7 and that all new ICS are eligible and apply for carbon finance.
Description of the RBF Scheme:
Supplier focused: Payment for every additional ICS sold that meets certain quality standards; Payment for every additional ICS sold that meets certain quality standards and for which use can be demonstrated.
Consumer focused: Voucher for consumers to purchase a certain quality ICS;Payment for every loan made to consumers to buy a certain quality ICS
Publication Title:
“IMC Worldwide. 2014. Results-based Financing for Clean Cookstoves in Uganda"
Blog » Results-Based Financing for Clean Cookstoves in Uganda
Results-Based Financing for Clean Cookstoves in Uganda
Project Name:
Results-Based Financing for Clean Cookstoves in Uganda
Sector:
Clean Energy, Energy Efficiency
RBF Instrument:
Performance-based payment; consumer vouchers
Greenhouse Gases (GHG) Avoided:
0.7-1 Mt of CO2e emission avoided
Project Sponsor:
Deutsche Gesellschaft Fűr Internationale Zusammenarbeit (GIZ) German Federal Ministry for Economic Cooperation and Development (BMZ) Nordic Climate Facility (NCF) UNDP; UNEP; World Bank (WB)
Description:
In aggregate, fuel savings can be substantial since quality cookstoves reduce fuel consumption by approximately 50 per cent. This produce fuel savings worth between US$36 and US$73 million over the five years of the intervention above what the market would have created on its own. The additional carbon reductions accumulate to US$35 million. This assumes three carbon credits per ICS per year at a carbon credit value of US$7 and that all new ICS are eligible and apply for carbon finance.
Description of the RBF Scheme:
Supplier focused: Payment for every additional ICS sold that meets certain quality standards; Payment for every additional ICS sold that meets certain quality standards and for which use can be demonstrated.
Consumer focused: Voucher for consumers to purchase a certain quality ICS;Payment for every loan made to consumers to buy a certain quality ICS
Publication Title:
“IMC Worldwide. 2014. Results-based Financing for Clean Cookstoves in Uganda"