Improved cookstove fit the Gold standard

2023-11-16 09:18

Gold Standard is to maximise the impact of climate and development activities. We design the strongest processes that amplify the impact of efforts to deliver clean energy and water, responsibly manage land and forests, and transform the lives of the world’s poor. We then verify the impacts, inspiring the confidence needed to drive investment and accomplish even more.

Gold Standard was established in 2003 by WWF and other international non-governmental organisations (NGO) as a best practice standard to ensure that projects which reduce carbon emissions under the UN’s Clean Development Mechanism (CDM) also deliver on their dual mandate to foster sustainable development. Now with more than 80 NGO supporters and 1100 projects in over 70 countries, our projects have delivered billions of U.S. dollars in climate and development outcomes in local communities all around the world

Gold Standard has published a research study by Vivid Economics that estimates the economic value of Gold Standard-certified project benefits related to climate, health, ecosystem protection, economic opportunity, poverty reduction and other development outcomes from its improved cooking solutions project portfolio.

The study, supported by Climate KIC, finds that for every carbon credit issued from a clean cookstove project, $267 in economic value is created. For domestic biogas projects, the average value created is $465 per credit. The net benefit of Gold Standard's improved cooking solutions portfolio adds up to $2.6 billion per annum and, to date, $11.6 billion over total project lifetime.

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