In line with RUWES’ efforts to mitigate Short-Lived Climate Pollutants (SLCPs) through clean energy and results based financing, we entered into a partnership with Project Surya of India. The RUWES-Surya collaboration aligns with both organizations’ established commitment and approach to increasing clean energy use and mitigating climate change. Project Surya has developed the first methodology to quantify Black Carbon (BC) reductions from cookstoves to be adopted by a carbon market (the Gold Standard Foundation) to maximize climate based payments for use of improved stoves.
The project utilizes an innovative financing system that enables the extremely poor rural women afford clean cookstoves through carbon credit. The carbon credit serves to reduce the cost of the cookstoves, rewards the end user and ultimately serves as a repayment model for the stove through climate credits earned from the mitigation of black carbon.
The RUWES-Surya partnership has the combined expertise to create sustainable models for after-sales maintenance and technical support. This is driven by objective results from the field through the use of sensors and real time evaluation through the installation of chips that data of clean cookstoves usage through the server. This intervention will make a large-scale shift to clean stoves possible while creating a self-sustaining ecosystem for developing, marketing, and financing improved cookstoves in Nigeria.
This Innovative Climate Finance has been tried and tested in India and RUWES has benefitted from a peer review for the entire process, leading to the commencement of a pilot in Nigeria (Marraraban Burum in Apo Local Government Area and Katampe Village in Mpape District of Bwari Area Council). Due to huge potential of the market we intend to scale up this project.