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ClimateCare’s pioneering development of integrated Climate and Development projects is recognised through new Environmental Finance award

ClimateCare was today ranked Best Project Developer – Public Health in the Environmental Finance and Carbon Finance Voluntary Carbon Market Ranking. This prestigious peer voted award acknowledges the organisation’s integrated Climate and Development model for projects that both protect the environment and improve people’s lives.

“Our decision to create a ‘Public Health’ category in project development is in response to growing demand from offset buyers for projects that deliver measurable outcomes beyond emissions reductions,” says Mark Nicholls, Editor of Environmental Finance.

“These projects, and the developers such as ClimateCare who have pioneered them, show how carbon market techniques – such as quantification, measurement, and cost-effective project development – can be applied to improving health in some of the poorest parts of the world.”

ClimateCare has focussed on projects that deliver multiple outcomes since 1997, writing the Gold Standard Methodology that allowed carbon finance for clean cookstove projects and later adapting it for safe water projects.

“It’s not about theory, but demonstrating and instigating real action on the ground” explains ClimateCare Director, Tom Morton

“We work with public and private sector delivery partners, designing and implementing world-first Climate and Development projects. Collaboration is key to find solutions that work for people and the planet. We’re therefore particularly pleased that this award is from our partners who have taken this opportunity to vote for us and recognise our unique approach. We’d like to thank every one of them for their support.”

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New ‘Perpetuity Fund’ for climate change mitigation and adaption projects

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.

Thinktank Perpetuity Funds

ClimateCare and BioCarbon announce CDM clean cookstove project in Ghana expected to reduce 1 million tonnes of CO2e

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

ClimateCare December Update

As we come to the end of another very busy and innovative year, we are delighted to look back and see that our integrated approach to climate and development has been acknowledged through a series of prestigious awards, including those from Guardian Sustainable Business, Environmental Finance and Carbon Trading. More importantly our approach has been endorsed by our clients and partners. Our expertise and innovation continues to be in demand, shaping thinking with Governments, NGOs and International Businesses, as we help to bring these bodies together to work in partnership.

We have expanded our team, strengthening our expertise in many areas, across project development, marketing, PR and strategic development. We are also delighted to have expanded our network of partners and very much look forward to working with you all over the coming year.

However it’s not all good news. This sobering report from the World Bank reminds us why it is so important that we all take full responsibility for our climate impacts and support direct action in projects that not only mitigate climate change, but provide vital adaption outcomes and help alleviate poverty and improve health in the communities that will be most affected. If anyone is in any doubt of just how urgent or important this work is, please do read the above report – setting out the stark consequences of a 4 degree temperature rise.

Against this backdrop of urgency, a lack of clear direction from talks in Doha remind us how difficult it is to bring countries together to achieve the holy grail of ‘International Agreement’. This highlights the importance of taking action over and above what we are ‘forced’ to do by Government and reinforcing the value of our work with forward thinking individuals and organisations, who are taking action now.

If you haven’t quite met your 2012 carbon reduction targets, or you want to take full responsibility for your environmental impacts, remember that you can still cut global carbon emissions and improve people’s lives by offsetting your residual emissions with our climate and development projects.

Please call us now on +44(0)1865 591000 or +254 (0)20 213 3604 to discuss how we can work together.

Edward Hanrahan,
Director

Please note that the ClimateCare offices are closed from 22 December 2012 – 1 January inclusive.

 AQUA CLARA - CLIMATE CARE

Carbon for Water cleans up 

Following a multitude of awards this year, including for Social Innovation, Global Health, Environmental Finance and Innovation,  Carbon for Water recently got a thumbs up from The Guardian Newspaper, in an article Straw poll finds in favour of western Kenya’s water and carbon solution.

The project was also acknowledged by the UNFCCC as one of just nine lighthouse projects selected to showcase how climate change activities bring social and environmental benefits in developing countries.

This world first project is providing safe water to 4.5 million people, cutting carbon and changing the way we think about climate and development.

Contact us now on +44(0)1865 591000 for short term price offers and to find out how you can support this and similar projects.

 EdwardHanrahan low res

Partnership is key

ClimateCare Director Edward Hanrahan was recently Business Fights Poverty member of the week, and used the opportunity to highlight the importance of governments, business and NGOs working together to tackle the challenges of poverty, health and climate change. If you missed this article, read it here. 

In addition, the 2 degrees network ran an article about the ClimateCare approach, describing our way of working as a Smart business approach to sustainable developmet and highlighting Carbon for Water as a great example.

We’d love to hear from partners who are interested in working with us – businesses, NGOs and public sector. Email business@climatecare.org, or call us on +44(0)1865 591000.

 Carbon Trading Survey logo

Triple win for ClimateCare

We were delighted that our partners and clients chose to vote us winners of all three categories we were eligible for in the prestigious Carbon Trading Magazine survey. Thank you to everyone who voted for us.

See the rest of the rankings in the full Carbon Trading article on our website.

 Sustain_2013_FINALIST Shortlisted for the sustain’ awards

We have also been shortlisted for the sustain’ Magazine Awards. “The sustain’ Magazine Awards 2013 has seen an extremely high-calibre of entrants demonstrating best practice in sustainability. It is an amazing achievement for ClimateCare to be shortlisted in the face of such strong competition.” said Steve Oxley, Editor of Sustain Magazine.

 

Call the ClimateCare team now on
+44 (0)1865 591000, to discuss how
you can get involved with innovative
climate and development projects.

Carbon credit trading schemes and carbon offsets as part of an investment product

The Financial Services Authority (FSA) are receiving an increasing number of reports from people who have been approached by firms promoting carbon credit trading schemes or offering carbon offsets as part of an investment product to individuals.

ClimateCare recommends that any individual that has been approached by a business selling carbon offsets as a personal investment reads the advice on the FSA’s website.

Unauthorised firms

The FSA also keeps a record of firms that are providing investment advice or selling investment products but are not regulated by the FSA. For a list of these firms please visit this page:

 

ClimateCare’s position

ClimateCare provides high quality Verified Emission Reductions (VERs) to help individuals and businesses take responsibility for their carbon emissions by offsetting their carbon footprint. ClimateCare does not recommend VERs should be purchased by unsophisticated Investors as an investment.

You may also wish to read the statement ICROA (International Carbon Reduction and Offset Alliance) have issued on their website.

 

Jaguar Land Rover supports its 50th carbon reduction project

Since 2007 Jaguar Land Rover has been investing in carbon reduction projects across the globe, as one part of their approach to sustainability.

Today they celebrate the multiple achievements of their carbon offset programme with a stakeholder video, showcasing their support of 50 carbon reduction projects over 5 years. This support has delivered more than a 5 million tonnes reduction in CO2 –making it one of the largest voluntary carbon offset programmes in the world.

The very first project they supported was pioneering, using carbon finance to distribute efficient cookstoves in Uganda. Jaguar Land Rover has supported projects that have distributed more than 180,000 new fuel efficient stoves in Uganda,  Ghana and Cambodia – dramatically reducing emissions and improving indoor air quality. Their support also paved the way for carbon funding for other cookstove projects, supporting the mission of the Global Alliance for Clean Cookstoves.

True to form, the 50th project supported by Jaguar Land Rover is the unique and award winning Carbon for Water project in Kenya. This project is the first of its kind to use carbon funding to support the provision of safe water to 4.5 million people in Kenya and last month was awarded Carbon Finance Transaction of the Year, adding to other recent awards for Social Innovation and Health.

Watch the Jaguar Land Rover video here. 

Sustainable Business magazine and edie.net join forces with ClimateCare to offset carbon emissions with the award winning Carbon for Water project

Leading online environmental publishers edie.net and Sustainable Business magazine have partnered with climate and development experts ClimateCare to offset the carbon emissions associated with travel to key events.

Travel by those attending the 2012 Responsible Procurement and Supplier Engagement Conference, Corporate Water Risk 2012 Conference and the Sustainability Leaders Forum will be offset through the multiple award-winning Carbon for Water project.

The purchase of carbon credits helps finance this project which recently won Carbon Finance Transaction of the Year. The project delivers safe water to more than 4.5 million people in Kenya, generating significant carbon reductions, while dramatically enhancing the health and economic circumstances of local communities.

“It is important for us to practice what we preach” explains head of events, Mark Baker. “ClimateCare are experts in this field, with fifteen years’ experience running some of the most innovative and largest carbon offset programmes in the world. Working with them has helped us understand how we can ensure our own business is a sustainable as those we write about. Offsetting the travel of delegates and speakers attending our events is a positive step towards this.”

ClimateCare Director Edward Hanrahan explains “We are working with a range of organisations, from international corporates, governments and NGOs to deliver exciting projects at an unprecedented scale. Our climate and development model helps organisations take a smart approach to addressing their environmental impacts by offsetting their carbon emissions and supporting sustainable development”.

ClimateCare representatives will be available to discuss their unique Climate and Development approach at all three events. Find out more, or offset your emissions online at www.climatecare.org

Notes to editors

ClimateCare is an independent ‘profit for purpose’ organisation committed to tackling climate change, poverty and development issues. Our unique climate and development model funds ground-breaking projects spanning renewable energy, water purification and clean cookstove technology, cutting emissions and transforming millions of lives worldwide. We enable organisations to adopt a smart approach to addressing their environmental impacts by offsetting their carbon emissions and supporting sustainable development. Find out more at www.climatecare.org

More than a million professionals use edie.net every year to stay up-to-date with the latest news, information and analysis. From legislation and compliance updates, innovation and technology advances and exclusive market intelligence to the latest commentary, debate and expert opinion and interview and case studies highlighting best business practice.

Our editorial content directly addresses the issues that affect companies, making it an invaluable resource for an increasingly influential audience of decision makers across the spectrum of small, medium, large and enterprise-sized companies in the UK.

www.edie.net

As the UK’s number one digital climate change and sustainability magazine for business, Sustainable Business drives the agenda for firms looking to take advantage of the low-carbon economy – and helps them to make it happen.

Responsible Procurement and Supplier Engagement Conference

www.sb-supplychain.net 

Sustainability Leaders Forum

www.sustainabilityleaders.net

 

Press enquiries and image requests

Please contact: RhiannonSzmigielski, ClimateCare

Tel: +44 (0)1865 591000

Email: rhiannon.szmigielski@climatecare.org

ClimateCare supported project wins Carbon Finance Transaction of the Year

ClimateCare is delighted that the Carbon for Water project has today been recognised through the 2012 Environmental Finance awards, winning Carbon Finance Transaction of the Year. ClimateCare lead authored the methodology for this project, helped to structure the finance and is now providing recurrent financing through the sale of carbon credits. A world first, the Carbon for Water project formally known as the ‘Sustainable Deployment of the LifeStraw Family in rural Kenya’ project – supports provision of safe water through carbon finance and is generating substantial health and socio-economic benefits.

A partnership between carbon market specialists ClimateCare and public health company Vestergaard Frandsen, Carbon for Water is unique in its field. Delivering 4.8 billion litres of safe drinking water annually to 4.5 million people in Western Kenya it also prevents 2.9 million tonnes of CO2 being emitted each year.

“Working with ClimateCare made it possible for us to distribute water filters on a significant scale,” explains project partner Mikkel Vestergaard Frandsen, CEO of Vestergaard Frandsen. ”Without their support to unlock revenue through carbon finance, we would have been unable to realize such significant emissions reductions or improve the lives of millions of people in Western Kenya.”

Importantly, the Carbon for Water project also generates substantial health and socio-economic benefits, including a lower incidence of waterborne disease, a better quality of life for women and children and employment among local communities.

“The project shows that, despite low carbon prices, carbon finance can be applied to deliver real sustainable development objectives at scale,” said Mark Nicholls, editor of Environmental Finance magazine. “Furthermore, the project developers are laying the foundations for new sources of revenue for climate change projects – using monitoring, reporting and verification techniques from the carbon markets to demonstrate projects’ health and societal co-benefits.”

“ClimateCare pioneered the use of carbon finance to support safe water projects and we are delighted that the impact of this has been recognised, paving the way to sustainable finance for similar projects.” said ClimateCare director, Edward Hanrahan. “ClimateCare specialises in ‘Climate and Development’ projects, those that tackle climate change and improve lives for people in the world’s poorest communities. The Carbon for Water project places as much emphasis on monitoring health outcomes as verifying emissions reductions and serves as a blueprint for our future projects, which will derive income from both market-based emission reductions and results-based health outcomes.”

Today’s award complements a host of recent wins for the Carbon for Water project, including Best Social Investment Strategy and the Global Business Coalition Health award. This independent endorsement of the project’s achievements, across a broad spectrum of categories, is not only driving demand for carbon credits from businesses wishing to offset their own carbon footprint, it is also spurring international interest from Governments, NGOs and businesses interested in partnering with ClimateCare to create new Climate and Development projects.

The project is featured in the July-August awards issue of Environmental Finance magazine, and on www.environmental-finance.com

To find out about Carbon for Water or other Climate and Development projects, contact the ClimateCare team on +44 (0) 1865 591000.

ClimateCare helps drive renewable energy provision in Turkey

Businesses that choose to offset their carbon emissions by purchasing Gold Standard Voluntary Emissions Reduction (VER) credits, such as the 289,000 issued today by the Aliağa Wind Farm project, are changing the make-up of Turkey’s energy provision. Through carbon finance, ClimateCare is helping make it commercially viable for developers to exploit Turkey’s strong wind supply to generate renewable power and move the country away from an historical reliance on fossil fuels.

According to the Global Wind Energy Council, Turkey’s electricity consumption is increasing by an average of 8-9% every year. So far, this demand has largely been met through coal power and large hydro projects, often backed by state investment.  This is despite the fact that Turkey has limited fossil fuel reserves and one of the best wind supplies in Europe (European Parliament’s wind index).

“To date, the relatively low and unstable electricity prices offered by the Government have made investment in wind farms challenging,” explains ClimateCare director, Edward Hanrahan. “However, by working with the project developers and taking them through the process of Registration and Issuance of carbon credits from the Gold Standard, ClimateCare has helped renewable energy projects in Turkey gain commercial viability through carbon finance”.

ClimateCare was a pioneer in bringing carbon finance to renewable energy projects in Turkey. As a result, investment in wind energy has become more attractive and wind capacity in Turkey is growing – rising from 0% in 2006, when Bilgin Enerji  the developer of Aliağa built the country’s first private wind farm, to 3.5% of the total electricity generating capacity of the country, today.

“The voluntary carbon market has had a significant role in making the wind sector an attractive one for investors” says Tolga Bilgin, Owner of Bilgin Enerji and Chairman of RESSIAD1, the Turkish Renewable Energy Association, “ClimateCare was one of the first to see this potential and we are pleased they have been an early supporter of wind projects in Turkey”.

Today sees the Issuance of Gold Standard VER credits from the second Bilgin owned wind farm project, supported by ClimateCare. The Aliağa wind farm is one of the largest in Turkey, with 36 wind turbines and an installed capacity of 90MW. It generates approximately 300,000 MWh of clean, renewable energy each year and is already having an impact, saving 300,000 tonnes of CO2 emissions in its first 21 months of operation. In addition, the project is supporting the local community by improving water supplies to the neighbouring village and donating computers and furniture to the local school and rehabilitation centre. The Gold Standard credits issued will be of interest to businesses who want to offset their carbon emissions at a commercial rate and demonstrate their support for a project that is helping make an immediate and measurable diversion from fossil fuel to clean, renewable energy.

Those interested in purchasing credits should contact the ClimateCare team on +44 (0) 1865 591000


1 Rüzgar Enerjisi ve Su Santralları İşadamları Derneği – The Wind and Hydro Power Plants Business Association

ClimateCare secures extremely rare carbon credits that are a perfect fit for Yacht Carbon Offset

Yacht Carbon Offset is delighted that experts at ClimateCare have helped them secure exclusive pre CDM Verified Emission Reduction (VER) credits from a renewable wind power project in the remote Galapagos Islands. One of the world’s most famous habitats and notoriously vulnerable, the Galapagos Island of San Cristobal has been impacted by fuel spills. This project helps to cuts the island’s diesel dependence, reducing the number of fuel deliveries and the risk of spills. This not only protects the environment and wildlife, but in turn safeguards income from tourism. In addition, the switch to a renewable energy source both cuts carbon emissions and supports the local economy by reducing energy costs.

 “Whilst we are best known for our broad range of highest quality energy efficiency and poverty alleviation projects – both CDM and VER – in sub Saharan Africa and the world’s Least Developed Countries, this is just one example of the extraordinary breadth of projects we have access to and our ability to source resonant project and credit opportunities for clients on a global basis” explains ClimateCare Director, Edward Hanrahan.

“ClimateCare operates globally, in both voluntary and compliance markets, with experience built over more than fifteen years. Clients tell us that they value our understanding of the market and our rigorous assessment of project risk. However, it is often our ability to align their sourcing requirements with the best possible project that sets us apart.”

Yacht Carbon Offset’s Managing Director Mark Robinson commented: “Our clients are particularly excited by projects with strong benefits for marine or island ecosystems, so we are delighted to have procured carbon credits from the Galapagos project.  It is one thing to be aware of the existence of the project itself, but quite another to be able to source credits efficiently and on acceptable commercial terms.  We appreciate the professionalism, market access and expertise of the ClimateCare team, since it is vital for us to rely on approved wholesale suppliers with excellent credentials to maintain our own service quality. Thanks to the team for a job well done.”

This project has replaced diesel generators with three wind turbines on the island of San Cristobal in the Galapagos Islands. The world famous islands are a flagship for biodiversity and famous for their endemic species, studied by Charles Darwin. Located in a UNESCO World Heritage Area, 85% of the island is part of the Galapagos National Park. Years of concern about the risk of fuel spills to its fragile ecosystem culminated in 2001, when the oil tanker “Jessica” ran aground in the harbour of San Cristobal, releasing significant amounts of oil. This devastating incident triggered an international initiative to reduce the areas dependence on diesel fuel and the provision of carbon finance helped enable this.

The Galapagos San Cristobal Wind Project, the first wind project in Ecuador, has been implemented by the Global Sustainable Electricity Partnership in close collaboration with the Ecuadorian Ministry of Energy and Mines, Elecgalapagos S.A. (the local electricity utility), and the United Nations Development Programme (UNDP). This project is so important because it not only cuts carbon emissions, but significantly lowers the risk of further oil spills by reducing the frequency of fuel deliveries to the island, protecting the environment and safeguarding much needed income from tourism. The ultimate goal of Ecuador and UNDP is to make the Galapagos Islands 100% free of petroleum imports by the year 2015.

Critically, for such a remote island, the opportunity to reduce dependence on shipped fuel also has economic benefits. During its first year, the project delivered 31% of the island’s annual electricity demand, with equivalent to 2,034 tonnes of CO2 avoided.

On the ground, the team made every effort to minimise the environmental impact of the project. For example they worked to protect endangered bird species, such as the Galapagos Petrel, by placing power cables underground, controlling invasive species and predators and conducting long-term monitoring of the bird’s well-being.

ClimateCare offers clients access to a wide range of VER and CER credits. To discuss your requirements contact the team on +44 (0) 1865 591000.