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MicroEnergy Credits Achieves Milestone with First-of-their-kind Induction Cookstove Carbon Credits Issuance under Gold Standard
Mumbai, 13 February 2024 – MicroEnergy Credits, a trusted provider of social impact carbon credits, proudly announces the issuance of first-of-their-kind carbon credits for its innovative induction cookstove clean cooking carbon program under the new Gold Standard Methodology for Metered & Measured Energy Cooking Devices. This achievement marks a significant step forward in the fight against pollution and health impacts caused by traditional cooking fuels, particularly in rural India.
Cooking fuels, including wood, coal, and biomass, have long been a major source of indoor air pollution in India. This form of cooking has a disastrous impact on not only the environment but also a devastating toll on public health. Those who cook over wood or kerosene, mostly women, inhale dangerous amounts of toxic smoke. According to the World Health Organization, pollution from this type of cooking kills 4 million people every year. In India, smoke from solid fuel use for cooking and other household activities is the largest source of ambient air pollution. Recent studies[i], including the one by Rao et al[ii]., have found that 20–50% of the pollutants in ambient air in India originate from residential solid fuel combustion.
April Allderdice, CEO, MicroEnergy Credits said: “Our induction cookstove program not only contributes significantly to reducing carbon emissions but also plays a crucial role in uplifting communities on the energy ladder, providing them with cleaner and more efficient cooking solutions. By harnessing the power of innovative solutions, we are empowering households to transition towards cleaner energy sources, contributing to a healthier environment and improving the quality of life for rural and low-income women and their families.
“This initiative aligns seamlessly with the United Nations Sustainable Development Goals (SDGs), specifically targeting SDG 7 - Affordable and Clean Energy, SDG 3 - Good Health and Well-being and SDG 13 – Climate Action. By addressing the cooking sector's environmental impact, we are promoting better health outcomes for communities as well as creating a positive ripple effect in mitigating climate change.”
Margaret Kim, CEO, Gold Standard said:
“Clean cooking projects play an essential role in contributing to sustainable development while also reducing emissions. The first issuance of credits from our Methodology Metered and Measured Cooking Device methodology, which enables accurate real time measurement of energy consumption, mark an important milestone for clean cooking in the carbon market. I congratulate MicroEnergy for their innovative and impactful project, and look forward to seeing the wider adoption of this methodology.”
MicroEnergy Credits' induction cookstove clean cooking program offers a transformative solution by significantly reducing the air pollution and carbon emissions associated with cooking. Induction cookstoves provide a cleaner and more sustainable alternative to traditional methods. The technology not only improves air quality and health outcomes for communities, it also aligns with global efforts to combat climate change.
The Gold Standard certification attests to the verifiable emission reductions achieved by the MicroEnergy Credits' program. The rigorous monitoring and verification process ensures that each credit issued represents a genuine and impactful reduction in carbon emissions, further emphasizing the company's commitment to generating the highest quality of carbon credits with verifiable impact.
Following an certification the project has achieved the following verified impact: - 85,310 tons of CO2 reduced annually
- 133,525 households benefitting,
- 103 jobs created,
- 1.10 hours saved per household per week
MicroEnergy Credits remains dedicated to pioneering programs with clean energy solutions to empower rural and low-income communities on their journey out of poverty. The induction cookstove carbon credits issuance is a testament to the company's ongoing efforts to make a positive impact on both the well-being of communities and the planet.
For media inquiries, please contact: Garima Dawer Director, Communications, MicroEnergy Credits garima.dawer@microenergycredits.com
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