Good news! Gold Standard, the certification body for carbon credits, has approved the pilot for our platform to transparently map the CO₂ reductions of our projects as part of their dMRV pilot. This marks an important step towards even better transparency in the carbon market.”
Once the platform is completed, it will be accessible to everyone and will therefore provide insight not only for FairClimateFund but also for companies purchasing carbon credits and the households that realize the CO₂ reductions, showing how much CO₂ emissions have been avoided and how the financial proceeds are distributed. In this interview with our Director Neera van der Geest and Agnes van Daal from Achmea Foundation, the funder of this platform, we explain how this works and what it means for companies that want to make an impact.
How does the platform work in broad terms?
“This platform not only uses the most reliable methodology from Gold Standard but also shows online how much of the carbon credit price goes to the households. This is truly unique; there is no other digital carbon credit platform that displays this. This greatly increases the reliability and transparency of the purchase for companies buying credits. By digitizing, the costs per credit are also lower, meaning a larger portion of the carbon price goes directly to the households. Right now, we are aiming for 70% of the price for the project, with 50% going directly to the households. With the platform, we hope to increase this. This is what FairClimateFund stands for. For companies, this means you are directly investing in a household that is much more affected by climate change than we are here,” says Neera van der Geest.
What benefits does it offer for companies?
“Companies investing in carbon credits will gain a clearer view of the impact of their contribution, as the data is directly entered into the platform and converted into a carbon credit. This provides real-time insight into how their investment contributes to CO₂ reduction.”
Which partners are involved in this initiative and what is their role?
“This platform and project have been made possible through the collaboration of several key partners. FairClimateFund is the project developer and works together with Biomassters as a project partner for the implementation of the Mimi Moto pellet stoves. Notilyze developed the platform, while Gold Standard is responsible for certifying the CO₂ reductions. We are pleased with Achmea Foundation’s decision to finance this platform.”
Why did Achmea Foundation decide to finance this platform?
“Projects funded by the Achmea Foundation focus on improving health and/or increasing income for vulnerable people in society,” explains Agnes van Daal from Achmea Foundation.
“This project has a positive impact on the health of people in Rwanda, on the climate (both CO₂ emissions and forest degradation), and it provides an additional source of income for households in Rwanda. So, the benefits truly go back to the people themselves. Additionally, clean cooking still receives too little attention.”
“The great thing about this project is that it is also highly scalable. If this approach proves to be effective and the platform functions well, it can be expanded to other regions and countries.”
“This project reduces the pressure on forests and indoor smoke. This has a significant impact on women and children, who will experience fewer eye and lung problems. Additionally, the platform, by measuring the use of stoves, creates a new income source for households.” – Agnes van Daal, Achmea Foundation
