KUALA LUMPUR, Feb 3 (Bernama) -- CarbonAi Inc and Greenplinth Africa Limited have entered into an agreement under which CarbonAi will provide its software tools to support the digital measurement, reporting and verification (DMRV) of greenhouse gas (GHG) reductions from a large-scale clean cookstove programme to be developed by Greenplinth Africa in Nigeria.
The programme will distribute millions of clean cookstoves to households across Nigeria and Africa over the next five years, drastically reducing deforestation, GHG emissions, respiratory illness, gender inequality, and other issues associated with traditional open-fire cooking, according to a statement.
“Scaling clean cooking is absolutely critical in any GHG mitigation pathway but it will only happen if project investors and carbon credit buyers have confidence in the integrity of underlying reductions.
“We look forward to helping Greenplinth Africa generate the highest quality emission reductions possible, thereby ensuring that the programme will reach its full potential,” said CarbonAi’s Chief Carbon Officer, Yvan Champagne.
Meanwhile, Greenplinth Africa President and Chief Executive Officer, Dr Olawale Akinwumi said the provision of free clean cookstoves is set to transform the lives of millions of Nigerians, particularly women and children, who are disproportionately affected by the harmful effects of traditional cooking practices.
Clean cookstoves are a critical project type for achieving sustainable development benefits in economically disadvantaged regions and are often financed through the sale of carbon credits resulting from the displacement of open-fire cooking by highly efficient, cleaner-burning stoves.
Carbon-financed cookstove projects have been subject to intense scrutiny related to the accuracy and reliability of conventional quantification methods, putting the continued financing of such projects and the many benefits they generate at grave risk.
CarbonAi has developed Spark, a patent-pending suite of tools for the end-to-end quantification, verification, issuance and management of high-integrity GHG reduction outcomes from cookstove projects, including a proprietary stove use meter to monitor and precisely measure cookstove usage.
Spark was developed to bridge the gap between existing carbon market infrastructure and the emerging digital carbon market ecosystem to provide irrefutable proof of claimed GHG reductions, helping project developers to deliver high-integrity, high-value carbon credits.
-- BERNAMA
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