FairClimateFund starts collaboration with South-South Biogas consortium

FairClimateFund starts collaboration with South-South Biogas consortium

News item
04 Mar 2022

Yayasan Rumah Energi (YRE), Biogas Solutions Uganda Ltd. (BSUL) and African Bioenergy Programs Ltd. (ABPL) are part of the South-South Biogas Consortium. This consortium was first facilitated by Hivos and has now taken over the successful national biogas programs and associated CO₂ financing programs in Indonesia, Uganda and Kenya. The three organizations are completely independent and responsible for the management, development and certification of the CO₂ projects and they own the CO₂ rights.

Since the main market for CO₂ credits is in Europe, a central sales point within Europe is beneficial. FairClimateFund is therefore pleased to announce that the South-South Biogas Consortium has signed a cooperation agreement with us with the support of Hivos. With this collaboration, Hivos is withdrawing from the international carbon credit market and we will be marketing and selling CO₂ credits on behalf of the three organizations over the next three years. We will also provide technical assistance to deal with changing regulations in the dynamic carbon market environment and increase visibility in the international carbon market and in carbon or climate funds.

Climate financing program

Since 2011, Hivos has been using CO₂ financing to give rural households, which are most vulnerable to the effects of climate change, access to technologies that improve living conditions and reduce climate change. Hivos sold carbon credits to customers in the voluntary offset market – individuals and companies looking for ways to offset their CO₂ emissions – who are willing to pay prices that contribute to sustainable development. Since 2014, the focus has been on biodigesters, which provide a sustainable way to reduce dependence on firewood and expensive fossil fuels for cooking. Biogas is a clean cooking fuel and the by-product, bioslurry, is a very good organic fertilizer that increases crop productivity. Because women often have a worse position than men, especially in developing countries, there is a strong focus on improving the position of women in biogas projects.

The CO₂ emission reductions resulting from the use of biodigesters have been certified by Gold Standard. Proceeds from the sale of the carbon credits are used to make biogas digesters affordable and to subsidize program activities such as after-sales services, quality management and staff and end-user training.

Thanks to the various biogas programs, 89,500 biodigesters have now been installed. YRE, BSUL and ABPL were important implementation partners and are now taking over Hivos’ work.

About FairClimateFund

FairClimateFund is a social enterprise, owned by Cordaid, an internationally operating emergency aid and development organization. We want to demonstrate that the carbon market can benefit people and communities most vulnerable to the impacts of climate change in a fair and effective way. Those with the largest carbon footprint invest in CO₂ reduction projects with a high social impact.

Our projects are Gold Standard and/or Fairtrade certified. We sell these carbon credits at a fair price to private individuals and companies in Western countries that want to compensate for the CO₂ emissions that they cannot (yet) reduce.

More information about the projects can be found here
You can compensate for CO₂ emissions here

FCF