Publication - BUILDING EVIDENCE TO UNLOCK IMPACT FINANCE A - Field Assessment of Clean Cooking Co-Benefits for Climate, Health, and Gender

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Title

BUILDING EVIDENCE TO UNLOCK IMPACT FINANCE A - Field Assessment of Clean Cooking Co-Benefits for Climate, Health, and Gender

Publisher

World Bank Group

Author

Worl Bank Grupo

Published in

May 2023

Abstract

This study was conducted with the purpose of validating, in a real-world setting, the measurement of co-benefits that accrue from the adoption of clean cooking interventions. The existing methodologies for measuring the add-on benefits of clean cooking interventions have remained untested and underutilized.

This situation can be attributed to various factors, among which are a lack of awareness of the methods, lack of field evidence on their performance, whether the methods can be applied in an integrated fashion, and their demonstrated strengths and limitations. This study attempted the accurate and concurrent measurement and quantification of three co-benefits that would generate additional tradeable assets to supplement the existing GHG emission-reduction credits for clean cooking interventions.

The report targets a wide range of stakeholders across the clean cooking industry. For impact buyers, the commitment to pay for benefits can only come if the achievement of pre-agreed results is verifiable in a robust, cost-effective, and scalable manner. This includes measures that avoid “gaming” the system (e.g., through double-counting results). This report contributes to bridging this gap by bringing to the fore novel methodologies that have been developed, demonstrating their feasibility and potential, as well as their strengths, limitations, and areas for further development.

For project developers and implementers, the lack of impact buyers is a barrier to adopting the verification methodologies, given the high cost of monitoring the wide range of co-benefits that accrue from clean cooking operations.

A commitment to purchase verified results would provide much-needed certainty for the project developers to invest in and expand the scope of their monitoring beyond GHG emission reductions. Beyond these primary stakeholders, the report offers practical lessons and guidance for many others along the RBF value chain—researchers and verification agents, technology suppliers, multilateral and bilateral donors and governments, and other cadres of investors—helping to incentivize them to monetize additional streams of co-benefits beyond GHG emission reductions by demonstrating the wide scale of impacts from clean cooking interventions.

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• Climate Change

• Cooking

• Energy Transition
• Financing and Funding
• Gender

• Policies and Regulations

• Other