UN cookstove carbon methodology could cut credits by 80%, developer says
A developer told Carbon Forward Expo London that the UN's new Paris Agreement Crediting Mechanism methodologies for clean cookstoves would reduce its credit generation by about 80%. At current prices, the developer said cookstove projects become unviable. The company plans to focus on other international markets.
A prominent Africa-focused developer said at Carbon Forward Expo London that the UN's Paris Agreement Crediting Mechanism has introduced new methods for clean cookstove projects. The developer estimates these rules would cut its credit issuance by roughly four-fifths.
Under present price levels, the developer said cookstove projects would no longer be economically viable. As a result, the company intends to pursue opportunities in other jurisdictions.
The shift could affect project developers, local households, and carbon credit buyers. If cookstove projects become less viable under the UN mechanism, developers may redirect activity to other markets, potentially slowing credit supply and changing prices. Communities that rely on cookstove initiatives for cleaner cooking may see fewer such projects, while buyers may face tighter availability. The outcome depends on how prices, demand, and alternative crediting pathways evolve.