It is the start of the new year and we have made clear plans to achieve the new objectives for our Project Activity “Institutional Improved Cook Stoves for Schools and Institutions in Uganda”, as we continue to support schools in their cooking transitions.
The landscape for project developers is still uncertain. Carbon credits have undergone a lot of scrutiny, which we certainly welcome, but unfortunately the media and the comments from the general public still fail to bring light to those minority projects that do fall under the new codes for good carbon finance practice, are additional, use the right tools to provide clear and transparent emission reduction calculations, achieve various sustainable development goals, and instead focus on the past mistakes of projects with dubious backgrounds.
Of course the above has a direct impact on the demand side, and although we have seen December 2023 with a record 40% increase for carbon offsetting, prices are still not showing any signs of increasing, reflecting the huge efforts made by those project developers that actually deliver high integrity carbon credits.
With the support of SNV and various other generous donors, we are expecting to include 30 new schools under the Project Activity, to the already existing pool of 105 schools that have successfully moved away from using traditional 3-stone fires to energy efficient cook stoves.