Clean Energy

SENSOR ENABLED CLIMATE FINANCING (SCF)

Adoption of clean energy technology for cooking often requires a shift from traditional method of cooking to a newer form. From the perspective of a home maker in a remote and rural village in India, this shift might tend to be a radical one. Climate Change Pilot Project or C2P2 allows for easy change management by incentivizing adoption of improved cook stoves using carbon credits.

The project uses multiple business models to involve the beneficiaries in C2P2. The climate credits will be converted to currency on a monthly basis and distributed to participants by transferring money directly to their bank accounts. The approach would involve evolving a mechanism for bank credit. The access to Climate credits will make it easier for the users to repay their loans through the converted carbon credits. Thus the focus would be on evolving a value chain linking end users, rural banks and carbon incentives provisioning.

TERI identified a high user district, Keonjhar, where stove usage was 2 times the stove usage of the other districts (Figure 4). TERI purchased 500 more StoveTrace devices from Nexleaf, and placed a majority of these sensors in Keonjhar. As a result of this data-driven targeted stove distribution, the number of high stove users (> 2 hours/day) more than doubled.

Climate Credit Scaling Sustainability (C2S2)

With a successful implementation of C2P2 (Carbon Credit Pilot Project) in Keonjhar district of Odisha, Nexleaf Analytics has collaborated with Saunta Gaunta Foundation (SGF) working with the rural and tribal population of Keonjhar district covering more than 200 villages across various blocks in the district. SGF will disseminate Improved Cook Stove (ICS) to be installed with StoveTrace Units in identified 10 households during phase 1 of the project. Nexleaf will make an assessment of the carbon efficiency generated from the use of the cook-stoves, and make payments for such carbon credits based on the usage of ICS over a period of two years.

After successful implementation of C2S2 Phase 1, SGF and Nexleaf will assess the activities undertaken and shall commence towards implementing Phase 2 in order to cover 50-100 HH identified by SGF. Carbon credits which will be credited in an exclusive Carbon Credit account will ensure that purchasing the stove does not add to the financial burdens of the households. As using the stove for two years will automatically generate enough money to compensate for purchasing a stove. This is one of its kind model to be implemented. This project will be further expanded to other parts of Odisha covering 1000 households with the support of Project Surya on successful implementation of previous two phases.

OUR FINANCIAL MODEL