J.P. Morgan ClimateCare has registered the first improved cook-stove project with the Gold Standard Foundation. The  project, located in Uganda, is based on ClimateCare's pioneering carbon reduction ‘Methodology for Improved Cook-Stoves and Kitchen regimes’ as endorsed by the Gold Standard Foundation last year. The project has the potential to save over one million tonnes of CO2 in Uganda. Future projects based on this template have the potential to save in excess of one hundred million tonnes of CO2 in Africa alone as well as delivering significant social and health benefits to millions of families. 

ClimateCare designed the Gold Standard approved methodology to enable the carbon reductions generated by efficient stoves to be real, measurable and accredited. By using fuel more efficiently, reducing family expenditure, mitigating deforestation and reducing green-house gas emissions, the Ugandan project provides a detailed and concrete template for sustainable development combined with carbon mitigation that is open for replication across the globe. 

Edward Hanrahan, head of Sales at J.P. Morgan ClimateCare said: “The registration by the Gold Standard of ClimateCare's Improved Cook Stoves Project in Uganda and its underlying methodology is a significant step for J.P. Morgan ClimateCare’s pioneering environmental markets business and is an important milestone in the development of carbon credit generating projects in developing countries.”

J.P. Morgan ClimateCare is presently funding a number of other efficient stove projects, in countries such as Bangladesh, Cambodia, Ghana, India, Mexico and South Africa. The firm works closely with a number of project partners in these countries, for example in Uganda with Ugastove Ltd and The Center for Entrepreneurship in International Health and Development (CEIHD).

To read more about this project visit our Ugandan stoves webpage.