Our Pilot Project: Supporting Clean Cooking in Africa

Why it’s important to choose a secure crypto wallet?

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How do I know how secure is my wallet?

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Are there any other risks I should take account for?

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Wrapping up: Crypto is a great wallet for you

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The Problem

Currently, there are over 3 billion people around the world reliant on cookstoves for cooking and water heating purposes. These stoves often run on readily available but inefficient fuels (firewood, crop waste, dung etc.) which, alongside emitting large amounts of greenhouse gases (GHGs) into the atmosphere, also have huge health consequences for the stove users.

Improved cookstoves exist and advanced biomass pellets are a good fuel substitute, reducing GHG emissions and improving air quality. However, the stove alone cost $50 approx., a price far too high for many people to consider.

Carbon credits can be used to bridge this gap – allowing stove producers to sell their stoves at very low upfront costs, then being able to subsidize the rest of the payment through the sale of carbon credits. Once the stoves are paid off, the sale of carbon credits can then be used to subsidize fuel payments for stove users, making them cheaper to run long-term. The benefits are clear: Stove producers get compensated for their product, more people cook cleanly and less GHGs are emitted into the atmosphere.

The two existing UNFCC methodologies commonly used are AMS-I.E and AMS-II.G

This model works on paper but disregards the reality that carbon credits can take 24 months or longer to be issued by the certifying bodies – stove users don’t have the resources to bear these costs, and stove producers are limited in how quickly they can scale due to this waiting period.

The Solution

In partnership with African Clean Energy (ACE), CLNK is working to develop a Digital Measuring, Recording and Verification approach to creating carbon credits, but not only this, we want to make the entire process open and verifiable by anyone.

The cookstoves have sensors mounted on board so that they can collect data on burn time and fan usage, as a proxy for stove usage and GHG emissions. This data can then be submitted by the project developer to create blockchain-native carbon credits. We have a number of safeguards in place designed to limit tampering and uphold the integrity of the credits. One of these is the 30-day arbitration window, in which the project developer’s credit claim can be verified by anyone – more detail on this can be found in our documentation, but ultimately it means that claims can be validated quickly, allowing project developers to receive compensation in a much shorter timespan.

Over the next few months we will be building the pipeline for verifiable carbon, allowing ACE and other motivated project developers to help expand clean cooking. Ultimately our goal is to lower the barriers to entry for project developers, scale the voluntary carbon market and make carbon credits more verifiable.