by Oyut Amarjagal & Clara Merlino | April 22, 2025
ICE and the Clean Cooking Alliance (CCA) hosted an event at the New York Stock Exchange to launch The Buyer’s Guide to High-Quality Cookstove Carbon Credits. Bringing together investors, project developers, and sector leaders, the event explored how clean cooking credits can drive both environmental and social impact. Below are five key takeaways from the event:
1. Cookstove Credits: Scaling with Integrity
The cookstove credit market is maturing, with stronger methodologies (i.e., Gold Standard, Verra) reinforcing credibility. Buyers demand high-quality credits, leading to the adoption of stringent standards and labels that enhance trust and transparency.
2. Aviation Sector to Drive Demand
Cookstove credits are set to become a major supply source under CORSIA’s carbon offsetting framework for aviation from 2024 to 2026. Panelists highlighted that up to 57% of CORSIA-aligned supply could come from cookstove projects, positioning them as a key compliance mechanism.
3. Immediate and Verifiable Impact
Unlike some nature-based solutions, cookstove projects deliver rapid emissions reductions, are easily adaptable, and provide verifiable co-benefits, including improved health, gender equity, and sustainable development. This makes them attractive to buyers who balance climate and social impact goals.
4. Ensuring Credibility Through Labels & Transparency
Trust remains a priority for buyers. The emergence of initiatives like the ICVCM Core Carbon Principles and Verra’s Abacus label provides additional assurance of quality. Digital traceability and transparency solutions also help buyers verify project outcomes.
5. Long-Term Commitment Needed for Market Stability
Experts emphasized that buyers must invest in long-term partnerships rather than short-term transactions. Supporting stable and high-quality projects ensures supply and price stability reliability, preventing volatility that undermines market confidence.
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