Evaluating the benefits of improved cooking solutions: impact data in high resolution

Gold Standard today released a research study by Vivid Economics that estimates the economic value of Gold Standard-certified project benefits related to climate, health, ecosystem protection, economic opportunity, poverty reduction and other development outcomes from its improved cooking solutions project portfolio.

The study, supported by EIT Climate-KIC, finds that for every carbon credit issued from a clean cookstove project, $267 in economic value is created. For domestic biogas projects, the average value created is $464 per credit. The net benefit of Gold Standard’s improved cooking solutions portfolio adds up to $2.6 billion per annum and, to date, $11.6 billion over total project lifetime.

These findings build on earlier work commissioned by Gold Standard that looked across additional project types. In comparison, this study takes a deep dive on improved cooking solutions and evaluates a broader set of development benefits. Researchers used updated primary data from all projects that have issued Gold Standard carbon credits, rather than project sampling as was conducted in the previous report. The new study also features disaggregation per region and per technology-fuel combination across all impact channels and introduces additional improvements for greater specificity.

The report supports ongoing efforts to rapidly deploy best available cooking technologies at scale by providing a more complete picture of monetary benefits.

“Gold Standard’s mantra ‘Making good better’ means that we continue to look for ways to tap into the latest data and research forward to make this impact concrete and meaningful for projects and their funders,” comments Gold Standard CEO Marion Verles. “Vivid’s report makes even clearer the value that investors create through supporting improved cooking solutions, helping to attract more capital to these transformational projects.”

Building on this effort, Gold Standard plans to introduce a forward-looking impact evaluation tool for improved cooking solutions projects that can be used by project developers to understand which deployment locations and technologies might deliver the highest impact in respect of the Sustainable Development Goals. The team is also focused on creating automated tools for impact reporting and data visualisation to help project developers more effectively communicate their projects’ impact. These tools will be released in due course. 

Download the report

 
Location
Related Goal
Goal 10: Mainstream climate in financial markets
Articles you may be interested in
In our community
Water scarcity in Southern Europe: Raw materials expert insights
Water scarcity in Southern Europe: Raw materials expert insights
In Detail
Challenge-led system mapping: A knowledge management approach

The challenge-led system mapping approach responds to the need to improve the practitioner’s capacity to move towards system change by providing mechanisms by which...

Challenge-led system mapping: A knowledge management approach
In The News
EIT Climate-KIC is restructuring to deliver systems transformation for climate...

EIT Climate-KIC is restructuring to provide “systems transformation as...

EIT Climate-KIC is restructuring to deliver systems transformation for climate change
In Detail
A Deep Demonstration of Healthy, Clean Cities: Our Position Narrative for In...

Innovation-as-usual, which is typically siloed and focused on ‘supplying’ the market with technology-led solutions, is not going to deliver a just, inclusive world within 1.5-degree of warming from pre-industrial levels. Innovation...

A Deep Demonstration of Healthy, Clean Cities: Our Position Narrative for Integral District Renewal
In our community
Water scarcity in Southern Europe: Food expert insights
Water scarcity in Southern Europe: Food expert insights
In The News
EIT Climate-KIC and partners reassess our values in the ‘new normal’

EIT Climate-KIC, together with Edgeryders, ETH Zurich and IOTA,...

EIT Climate-KIC and partners reassess our values in the ‘new normal’
In our community
Water scarcity in Southern Europe: Climate expert insights
Water scarcity in Southern Europe: Climate expert insights
Opinion
Who’s doing what: A news round-up of selected COVID-19 responses and recovery plans
Felicity Spors Head of International Affairs, EIT Climate-KIC
Who’s doing what: A news round-up of selected COVID-19 responses and recovery plans
In The News
Co-Action carbon capture project opens new field plots

Yesterday, EIT Climate-KIC community member ‘Co-Action,’ a carbon capture...

Co-Action carbon capture project opens new field plots
In Detail
Implications of the COVID-19 pandemic for global sustainable finance: An int...

The UN Environment convened Financial Centres for Sustainability (FC4S) recently published a working paper, supported by EIT Climate-KIC, on the implications of the COVID-19...

Implications of the COVID-19 pandemic for global sustainable finance: An internal framework for response strategies
In Detail
A cartoonathon: Using humour to drive insights

Last week, in an event supported by EIT Climate-KIC, over 150 participants from more than 60 countries took part in a virtual ‘cartoonathon’ to...

A cartoonathon: Using humour to drive insights
In The News
EIT Climate-KIC launches Call for Proposals to support post-COVID-19 green rec...

EIT Climate-KIC’s ‘Extraordinary Post COVID-19 Regeneration Call 2020’ will...

EIT Climate-KIC launches Call for Proposals to support post-COVID-19 green recovery
Opinion
COVID-19 responses and recovery plans—the good news and the bad news
Felicity Spors Head of International Affairs, EIT Climate-KIC
COVID-19 responses and recovery plans—the good news and the bad news
Innovation Spotlight
How to engage citizens in a just transformation process

With climate change, we are facing one of the biggest challenges of our lifetime – one that...

How to engage citizens in a just transformation process
In The News
The European Union has the tools to boost a sustainable recovery from the COVI...

In a statement released today, the Technical Expert Group...

The European Union has the tools to boost a sustainable recovery from the COVID-19 pandemic, say TEG experts
In our community
Interview with Thomas O’Neill, Influence Map
Interview with Thomas O’Neill, Influence Map
In our community
The EU’s Coronavirus Response Initiative: An interview with Felicity Spors...
The EU’s Coronavirus Response Initiative: An interview with Felicity Spors, Head of International Affairs Strategy at EIT Climate-KIC
Opinion
Will COVID-19 derail climate finance?
Dominic Hofstetter Director, Capital & Investments, EIT-Climate-KIC
Will COVID-19 derail climate finance?
Opinion
Transformative policies for the climate challenge
Rachael McGuinness Policy Innovation, EIT Climate-KIC
Transformative policies for the climate challenge
In Detail
Exploring frontiers in sustainability: Bringing futures literacy to financia...

As part of EIT Climate-KIC’s Long-termism Deep Demonstration, Riyong Kim, Director of Decision Metrics and Finance at EIT Climate-KIC, has co-authored a new report,...

Exploring frontiers in sustainability: Bringing futures literacy to financial services in Ireland and France
Opinion
Long democracies
Dark Matter
Long democracies
Opinion
Long financing in a volatile world
Dark Matter
Long financing in a volatile world
Opinion
Long welfare
Dark Matter
Long welfare
Opinion
Abstracted to entangled organisation
Dark Matter
Abstracted to entangled organisation
Opinion
Persistent things
Dark Matter
Persistent things
Opinion
Persistent selves
Dark Matter
Persistent selves
Opinion
Futures in long-termism
Dark Matter
Futures in long-termism
In our community
Strengthening community ties and supporting each other through the COVID-19 ...
Strengthening community ties and supporting each other through the COVID-19 crisis
Opinion
The Corona canvas: How to deal with the crisis as a founder
Marc Mogalle & Anje Kluth Business Buddies & EIT Climate-KIC
The Corona canvas: How to deal with the crisis as a founder
In The News
Lilium completes funding round worth over €224 million

EIT Climate-KIC supported Lilium, a Munich-based aviation company developing...

Lilium completes funding round worth over €224 million