FairClimateFund, founded by ICCO, provides poor households in developing countries access to clean cooking that reduce carbon emissions. By using the market mechanism of the commercial carbon credit markets, the company attracts funding for the cook stove and biogas activities. The carbon emissions reductions are certified with Gold Standard and CDM and sold to offset buyers. In fact, families repay pre-investments of FairClimateFund in clean cooking in kind, through the delivery of carbon credits. FairClimateFund applies uniquely fair trade criteria in its approach, meaning that the user of the clean cooking device is also the owner of the carbon credits.
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