A new report by ClimateCare, Climate Change Capital and Fauna & Flora International proposes the creation of new type of financing facility – a ‘Perpetuity Fund’ – to provide concessional finance for climate change mitigation and adaptation projects in developing countries.
Today is UN World Water Day and we’re celebrating the role of Carbon Finance in providing safe water, improving health and benefiting communities as well as protecting the environment. Watch these two new videos on YouTube to find out more:
The LifeStraw Carbon for water project provides safe water to 4.5 million people and is one of just nine ‘lighthouse’ projects selected by the United Nations. It has won a host of awards acknowledging its health, social and environmental impacts. Watch this short video to find out how carbon finance structured by ClimateCare helps to support this project.
Carbon finance, structured by ClimateCare has helped make the AquaClara clean water project possible. Find out how it is benefiting local communities as well as the environment by watching this video.
PRESIDENT MOHAMMED WAHEED ENDORSESTHE WHOLE WORLD WATER CAMPAIGN
This morning a WHOLE WORLD Water Google+ Hangout highlighted how governments can work with the private sector to drive positive, sustainable change. Participants included President Waheed; Sir Richard Branson, founder of the Virgin Group and Virgin Unite; Sonu Shivdasani, Chairman of Soneva Resorts & Spas and co-Founder and Trustee of WHOLE WORLD Water; Dinda Elliott, Global Affairs Editor at Conde Nast Traveler; Mike Bettes, Meteorologist at the Weather Channel; Michael d’Estries, co-founder of Ecorazzi.com; Jenifer Willig and Karena Albers, co-founders of WHOLE WORLD Water.
Considered a top tourism destination by many, the Maldives is among the most vulnerable of the small island states to the consequences of climate change, and faces acute development challenges such as a shortage of potable water. With 28 percent of the GDP coming from tourism, this industry has a significant role to play in helping to mitigate these challenges.
“What our world urgently needs to achieve sustained development will require significant changes in what we produce, and how we consume our resources,” said President Waheed. “It is my hope that by endorsing this initiative, all hotels and resorts in the Maldives will join WHOLE WORLD Water and that the Maldives will serve as a global example of how governments can work with the private sector to drive positive, sustainable change for all.”
“We are honored to have our campaign endorsed by President Waheed,” said Karena Albers, co-founder of WHOLE WORLD Water. “This is an extraordinary story of a small island state taking an astounding leadership position – setting a global example of how governments and the private sector can work together. It is important to note that funds raised by local resorts will be invested back into clean water initiatives here in the Maldives.”
WHOLE WORLD Water is a global campaign launching today, March 22. Launch events will take place in: the Maldives at Soneva Fushi; South Africa at Ulusaba Game Reserve, hosted by Jon Brown, CEO Virgin Limited Edtion; London at the Savoy Hotel, chaired by Jonathan Porritt and Stanley Johnston as the Master of Ceremonies; New York at TAO Asian Bistro, chaired by WHOLE WORLD Water advisor Graham Hill; and at Parallel 37 at the Ritz-Carlton, San Francisco, chaired by WHOLE WORLD Water advisor, Yvés Behar.
“Solving our world’s grand challenges requires a disruption of business-as-usual,” said Sir Richard Branson, Founder at Virgin Group and advisor to WHOLE WORLD Water. “Through the collective action from governments, the private and social sectors, we can develop long-term sustainable business solutions, like WHOLE WORLD Water, to promote sustainable social solutions.”
About the issue:
The United Nations has proclaimed 2013 the Year of International Water Cooperation to raise awareness of the fact that nearly one billion people do not have access to safe and clean drinking water today and 2.4 billion live without basic sanitation. Working together with the hospitality and tourism industry, WHOLE WORLD Water can help solve this issue within our lifetime.
About WHOLE WORLD Water:
Developed to end the global water and sanitation crisis, WHOLE WORLD Water works to engage the hospitality and tourism industry to filter, bottle, and sell its own water, and contribute 10% of the proceeds to the WHOLE WORLD Water Fund. Founded in 2012 by award winning documentary filmmaker Karena Albers, and Jenifer Willig, former CEO of the (RED) campaign, the core belief of WHOLE WORLD Water is that if it is not good for business, it is simply not sustainable. For more information, please visit www.wholeworldwater.co, and join the conversation on Twitter @WHOLEWORLDWater.
About The WHOLE WORLD Water Fund:
The WHOLE WORLD Water Fund was established to radically increase resources to provide access to clean and safe water to communities around the world. Designed specifically for clean and safe water investments, the Fund can be accessed by organizations, charities and social enterprises focused on clean and safe drinking water issues. By investing in projects with the potential to bring a return through carbon revenues and results based financing, the Fund enables revenues to be recycled back into the fund and deployed again. ClimateCare, pioneers in climate and development projects, and results based financing, are managing the WHOLE WORLD Water Fund. Trustees of the Fund include Sonu Shivdasani, Sir Jonathon Porritt and Edward Hanrahan. Board Advisors include: Sir Richard Branson, David de Rothschild, Yves Behar, Graham Hill, Ben Elliot and Shekhar Kapur.
WHOLE WORLD Water Members:
To date, current members include: Soneva, Six Senses Resorts & Spas, Virgin Limited Edition, Virgin Hotels, Banyan Tree, Auberge du Soleil, TAO restaurant Group, The Ritz-Carlton Charlotte, The Ritz-Carlton Lake Tahoe, The Ritz-Carlton San Francisco, Oberoi Hotels and Resorts, Dusit Hotels and Resorts, JetWing Hotels, The Ranch at Live Oak Malibu, Yoo Hotels, and Tsogo Sun.
Whilst we often focus on the positive human impacts of our work, last week Climate Week brought carbon reduction back to the fore.
We announced a new cookstove project in Ghana, expected to reduce 1 million tonnes of CO2e and the first project in a Programme of Activities in Sub Saharan Africa.
We were also delighted that our work structuring finance for the Carbon for Water project was acknowledged at the Sustain’ Magazine Awards, where we were finalists for International Project of the Year. This project is reducing 2.4 million tonnes of CO2 every year.
Recently attention has been drawn to Short Lived Climate Pollutants (SLCPs) and in particular Black Carbon, or soot, which is increasingly recognised as a key contributor to climate change. Black carbon remains in the atmosphere for a shorter period than many greenhouse gases and is known to trap significant amounts of outgoing radiation, thereby disturbing the climate’s energy balance.
Taking action to reduce black carbon offers a real opportunity to slow down global warming in the short term – a recent report estimated that stamping out SLCPs could cut the rate of climate change by half, for several decades. Recognising the major role that our projects have in reducing black carbon, we also formalised our support for UNEP’s Climate and Clean Air Coalition, which seeks to tackle this form of pollution.
New videos explain integrated approach
Our clients consistently tell us they value the quality of our projects and our integrated approach to helping them meet their environmental and social responsibilities.
Amongst others, Aviva and Willmott Dixon have recently announced their choice of ClimateCare as a Climate and Development partner, helping them offset emissions with projects that improve lives as well as cutting carbon.
This week we launched a series of project videos on YouTube, which help explain how our integrated Climate and Development approach works on the ground, do please link to and share these.
If you have already offset your emissions with any of these projects, then you might like to embed a video in your own website or intranet, to showcase the work you are supporting.
To support these, or similar projects, contact us today by emailing firstname.lastname@example.org
Our vision for the future
For 15 years, we have worked with organisations who, having taken steps to reduce carbon emissions, want to address their residual footprint, by funding external emission reduction projects. In this way, we have successfully helped the private sector fund more than 50 development projects, distributing safe water to nearly 6 million people and clean cookstoves to more than 750,000 families.
As the world moves on, our clients are looking to fund projects which address both their environmental impacts (usually water and carbon) and pro-actively improve the communities in which they work. For most this is not just philanthropy, it is pragmatic future planning that calls for clear, measurable outcomes and defined business benefits.
Invited by one of our clients, BUPA, our Director Edward Hanrahan recently wrote in Guardian Sustainable Business about how forward thinking businesses now consider climate and social impacts part of their core corporate strategy. He also explained how it is possible to improve health and tackle Climate Change, citing the Carbon for Water project’s rigorous health monitoring as a gateway to potential payments for a project’s development as well as carbon outcomes.
Another area of increasing interest is our public / private sector partnership approach, which helps us scale up projects for our corporate clients, reduce risk and develop positive brand alignments.
Our role in bringing together unique partnerships between business, NGOs and Governments is increasingly recognised and this week, a BIG Lottery report looking at how funders might work more closely with the private sector to increase international impact, acknowledged ClimateCare’s essential role as a partnership broker and implementer.
Making the most of World Water Day on 22 March
The United Nations proclaimed 2013 the year of International Year of Water Cooperation, to raise awareness of the fact that nearly 1 billion people do not have access to safe drinking water.
Contact us on +44 (0)1865 591000, if we can help with your communications on this theme.
And, what better day on which to launch a new campaign WHOLE WORLD Water? ClimateCare is a partner in this campaign, designed to unite the Hospitality and Tourism Industry on a non-competitive platform to eradicate the issue of access to safe water.
Businesses that join the campaign commit to filter and sell water on site, giving 10% of revenue generated to the WHOLE WORLD Water fund, managed by ClimateCare. Watch and share this video from Richard Branson who has already committed his support.
The model is unique in uniting a whole sector to address a global issue. We encourage everyone to support the launch by sharing announcements through social media. Going forward we can all help the campaign by encouraging hotels and venues we visit to provide WHOLE WORLD Water.
Businesses can sign up to the campaign here, or contact us for more information on +44 (0)1865 591000.
Aviva selects ClimateCare
Leading global insurers Aviva have chosen to work with ClimateCare in order to help them maintain their CSR leadership. Already ahead of the field – they were the first global insurer to offset emissions back in 2006 – key to their decision was the ability to work with a partner who could help them deliver an integrated CSR approach and push the boundaries, not just manage an offset programme in isolation.
Our team of experts will help them continue innovate and use their budget in the smartest way to deliver maximum benefits for people and the environment.
Climate and Development expert ClimateCare, together with investment partner BioCarbon, is improving health and reducing carbon emissions with the registration of its CDM cookstove Programme of Activities.
ClimateCare developed the Gold Standard methodology that first made carbon finance for clean cookstove projects possible. This project has the potential to decrease 1 million tonnes of CO2.and help take pressure off vulnerable native forests, which remain the main source of cooking fuel in Ghana.
The project, implemented by CookClean Ghana Ltd, has secured international investment from ClimateCare and BioCarbon Group Pte Ltd with production and sales of stoves getting off the ground late last year.
“Improved cook-stoves offer significant reductions in carbon emissions as well as transformational health benefits and conservation of highly threatened forests. BioCarbon is pleased to be working with ClimateCare on this project, which will make a real difference to people’s lives. We believe that this project can showcase the value of private sector investment in pro-development climate change mitigation efforts.” said Johannes Ebeling of BioCarbon, investor in land based carbon mitigation and avoidance projects globally.
The project has been validated under the CDM and will be accredited for reductions of emissions recognised under the Kyoto Protocol. The project will also reduce ‘black carbon’, or soot, increasingly recognised as a key contributor to climate change. A short lived climate pollutant (SLCP), black carbon remains in the atmosphere for a few decades at most and is known to trap significant amounts of outgoing radiation, thereby disturbing the climate’s energy balance.
Taking action to reduce black carbon offers a real opportunity to slow down global warming in the short term – it is estimated that stamping out SLCPs could cut the rate of climate change by half, for several decades 1. Recognising the role that high-quality improved cooking stoves have in reducing black carbon, ClimateCare fully supports UNEP’s Climate and Clean Air Coalition, which seeks to tackle this form of pollution.
Equally important are the positive impacts these clean cookstove projects will bring to families: improving disposable incomes by halving fuel requirements and reducing indoor air pollution – the fourth biggest health risk in the developing world2.
ClimateCare will use this first project under the Programme of Activities to quantify health improvements, as it continues work to generate results based payments for the verified development outcomes of its Climate and Development projects.
“We have always specialised in projects that deliver both Climate and Development outcomes” explains Tom Morton, ClimateCare Director. “’With the current low CER price, it is absolutely vital that we find ways to continue to fund projects such as these, which both reduce emissions , and, crucially deliver real, measurable differences to people’s lives, health and financial security. Given this, our work to measure and secure Results Based Finance for all the outcomes of these integrated projects is more important than ever.”
ClimateCare is working with Governments and NGOs across the world, making the most of their 15 years’ experience delivering dual outcome projects, to develop multiple funding streams on a payment by results basis. Organisations interested in supporting Climate and Development projects should contact ClimateCare on +44 (0)1865 591000.
Further details about this Programme of Activities can be found on the UNFCCC website: https://cdm.unfccc.int/ProgrammeOfActivities/poa_db/V7A06W39LCRF4X8P1BGIJDUEKTS5QH/view
This Climate Week, ClimateCare Director Edward Hanrahan writes in Guardian Sustainable Business about how projects that cut carbon, improve health and reduce poverty should be part of a long term strategy.