Ci-Dev signed an emissions reduction purchase agreement (ERPA) with Norwegian company Green Development AS on May 6, 2016 for the purchase of 1.1 million certified emission reductions (CERs) to be generated through end 2024.
Revenues from the Ci-Dev ERPA will be used to help catalyze a private sector market for ethanol stoves and household cooking fuel that will encourage further investment by and in private sector local implementation partners. Specifically, the carbon finance will be used to make ethanol cookstoves more affordable to households, to support establishment of two pilot ethanol micro-distilleries (including a training center), and to provide general program support (including capacity building and technical assistance) to private sector and government partners.
The project aims to reduce greenhouse gas emissions from unsustainable use of woody biomass by supporting dissemination of 100,000-130,000 ethanol stoves in mainly urban and peri-urban areas. The program expects to reduce pressure on deforestation, improve rural livelihoods, and reduce exposure to indoor air pollution.