Monthly Archives: May 2014

2014 Ecosystems State of the Voluntary Carbon Markets report is previewed

ClimateCare’s CEO, Edward Hanrahan, attends Carbon Expo, Cologne, to discuss the summary findings of the latest Ecosystems Marketplace report on the voluntary carbon markets.

According to this year’s State of the Voluntary Markets report, previewed by Forest Trends’ Ecosystems Marketplace, in 2013 companies, countries and citizens offset 76 million tonnes ( MtCO2e) of GHG emissions, averting the same emissions as the UK’s entire residential*sector.

Offsets earned by clean cook stoves and safe water projects in the developing world remained highly attractive. Projects such as LifeStraw Carbon for Water markedly improve health as users are less exposed to water-borne diseases. In the case of Gyapa clean cook stoves, homes are provided with clean stoves that reduce indoor air pollution, a major cause of premature deaths, and boost the economy as personal fuel expenditure drops and time and money is freed for other goods and services. Forest conservation is also popular, especially to those new to offsetting.

Motivated by their dual responsibilities to communities and the environment, more and more Corporate Social Responsibility leaders are choosing projects that offer measurable improvements to people’s lives as well as reducing carbon.

Above all, the 2013 market report calls on the sector to reach out to new markets and work with partners to promote voluntary offsetting as best practice, and to encourage new organisations to show leadership in combating climate change, by taking responsibility for their unavoidable climate impacts.

Read the summary report here. Full report coming soon.

Contact us today on +44 (0)1865 591000 or business@climatecare.org to start offsetting with projects that cut carbon and improve lives.

*According to DECC figures published March 2014, the residential emissions from fuel combustion for heating/cooking, garden machinery and fluorinated gases released from aerosols/metered dose inhalers were 77.5 MtCO2e

Aviva: Setting standards for measuring the social value of carbon offsets

“If you’re going to invest in offsetting carbon emissions, why wouldn’t you do it with projects that can make a measurable difference to people as well as the environment?”

Zelda Bentham, Head of Environment and Climate Change, Aviva

 

THE CHALLENGE

When it comes to taking responsibility for the company’s environmental impacts, Aviva, the UK’s largest insurer and a global provider of life and general insurance, has long been a standard bearer for its sector.  In 2006, Aviva became the first global insurance group to offset its entire operational emissions and has remained carbon neutral since. But Aviva wanted to go further. By partnering with ClimateCare, Aviva committed not only to offsetting their environmental impacts, but doing so through integrated Climate and Development projects that deliver broader social benefits. Both ClimateCare and Aviva were aware of the efficiencies of this approach, but wanted a way to demonstrate this robustly to Aviva’s internal and external stakeholders.

THE SOLUTION

ClimateCare and Aviva chose to use the LBG (London Benchmarking Group) framework to measure the social impact of Aviva’s carbon offset activity. Aviva already used the LBG framework to measure and report the impacts of its wider community investment programme and it therefore made sense to see if they could also recognise social impacts from their offsetting projects through the same system.  This was the first time that this had ever been done for a carbon offset programme and now provides a model for other organisations to follow.  

THE IMPACT

The LBG methodology showed that in just two years, Aviva’s carbon offset programme with ClimateCare had improved the lives of 200,000 people through two projects – LifeStraw Carbon for Water in Kenya , which cuts carbon by providing families with water filters so they no longer need to boil water to make it safe, and Envirofit Efficient Stoves in India, a programme distributing cleaner, more efficient stoves, which uses 60% less fuel. This was alongside offsetting more than 126,000 tonnes of carbon emissions.

This robust figure allowed Aviva to demonstrate the impact of its support on people’s lives and engage internal teams and external stakeholders with confidence. By using the LBG framework for their other community investment programmes, Aviva was also able to compare the impacts of their investment in carbon reduction projects with other investments. “What was interesting was how favourably ClimateCare’s integrated climate and development projects compared in terms of community impact” says Zelda Bentham. In addition, Aviva now have a benchmark from which they can set targets for future developments.

CLIMATECARE’S ROLE

ClimateCare is an expert in delivering integrated projects that tackle multiple issues including cutting carbon emissions, tackling poverty and improving health. It’s the natural partner for companies like Aviva who seek to offset their carbon emissions in a best practice way, through projects that protect the environment and improve lives. It works in a bespoke way with partners, delivering climate and development programmes designed specifically to meet their carbon offset, sustainable development and business needs.

ClimateCare and Aviva worked together to develop measurement methodologies that would stand up to scrutiny. LBG agreed with the process and logic, giving Aviva the confidence to include the impact figures in their 2012 LBG submission.  The process required a significant level of commitment and resource from Aviva and ClimateCare, particularly as this had not been done before under the LBG framework. However, it has robustly demonstrated the significant extra value of Aviva’s offset programme. Also, thanks to the partnership with ClimateCare, Aviva’s innovation and best practice in measurement has once more set the standard – this time as the model LBG will use to demonstrate how all LBG members report the community impacts of their offset activities.

 

CONTINUING TO DELIVER FOR PEOPLE AND THE ENVIRONMENT

Aviva continue to support integrated climate and development projects. On World Environment Day 2014 it announced it had improved a further 195,000 lives through offsetting its unavoidable emissions with ClimateCare.

 

Read more

> Press Release: Aviva measures 200,000 lives improved through carbon offset programme

> Measuring social value is tough – a great article on the 2 degrees website

New research confirms financial value of offsetting with ClimateCare

If you needed further proof that supporting our Climate and Development projects delivers benefits for people as well as the environment, then you’ll be delighted to hear that new Gold Standard Research published today once again confirms the huge financial value of offsetting through ClimateCare’s integrated projects.

It shows that businesses who choose to offset their unavoidable carbon emissions through our efficient cookstove and safe water projects are delivering millions of dollars of benefits to local communities every year, as well as taking responsibility for their carbon emissions.

The research shows that:

  • For every tonne of carbon you offset through projects like LifeStraw Carbon for Water, you will deliver $117 of health impacts and $1 of employment.
  • For every tonne offset through projects like Gyapa Stoves, you will deliver $55 of health impacts, $93 livelihood impacts and $3 of employment.

Contact us now on +44(0)1865 591000 to find out how to support these projects.

 

ClimateCare – Leading the way

Back in 2003, ClimateCare wrote the Gold Standard Methodology that first made carbon finance for efficient cookstoves possible and pioneered the first project. Today, research shows that collectively, Gold Standard cookstove projects deliver 84 million dollars in health benefits every year, and almost 630 million dollars over the life of a project. In addition households save an estimated 143 million dollars annually on fuel bills and local communities benefit from 4 million dollars a year of employment benefits.

We also lead authored a methodology to make it possible to use carbon finance for safe water provision, and partnered with health experts Vestergaard to deliver the world first LifeStraw Carbon for Water project – using carbon finance to fund safe water provision for more than 4.5 million people in western Kenya.

We work with Governments, NGOs and business around the world to continue to develop and deliver innovative climate and development projects at scale, improving the lives of millions of people whilst also tackling climate change.

If you are interested in working with us to develop new projects, or to scale up your existing activities, please get in touch.

 

> Read the full research report here.

 

Insurance companies should factor in climate change says Lloyds of London

Trevor Maynard, Head of Lloyd’s Exposure Management explains why climate change is a threat multiplier on BBC Radio 4’s Today Programme.

> Listen again at 2 hours 47 minutes 

Whilst most insurance companies don’t currently factor in Climate Change, Lloyds recommends that they should, saying there is no question the climate is changing and highlighting how weather related losses have risen from annual averages of £50 billion thirty years ago, to £200 billion today.

> Read the full Lloyds report: Catastrophe Modelling and Climate Change

 

Here are some of the key points from Trevor Maynard’s interview on BBC Radio 4 on 8 May 2014:

“Hurricanes are getting stronger, there’s more moisture in the atmosphere which means greater flooding. We can take those shorter term climate trends into account.”

“If we continue on a ‘business as usual’ carbon trajectory, we are heading for 4 degrees. That’s a horrible scenario by the end of the century. So actually, we don’t have uncertainty, we know what we need to do, we have to de-carbonise in the next twenty to thirty years, otherwise there’s going to be really difficult times ahead.”

“A lot of people ask ‘Did climate change cause this or that event?’ and that’s basically the wrong question. What we’re saying is that climate change is affecting many, many events and making them worse.”

“[for] every degree centigrade rise in sea surface temperature you get ten meters per second added to the hurricane strength and that means bottom line financial impact for insurers.”

 CONTACT US TO TAKE ACTION ON CLIMATE CHANGE TODAY