COP29: Future growth scenarios in the clean cooking sector

Role of carbon finance to scale up activities

Date & time: 14 November, 13:00-13:45 (GMT+4)
Location: COP29 venue, Nordic pavilion, Blue Zone

The Modern Cooking Facility for Africa is arranging a side event during Finance day on 14 November at the Nordic pavilion during the UN Climate Change Conference (COP29), which is taking place from 11-22 November 2024 in Baku, Azerbaijan.

Responsible carbon finance can unlock new opportunities for commercial lending and other funding streams in the clean cooking sector, accelerating the scale-up of high-technology clean cooking solutions to strengthen climate resilience in Africa, achieving significant health outcomes and empowering women and girls.

The recently launched Principles for Responsible Carbon Finance for clean cooking aim to generate sustained demand for high quality credits which will command premium pricing and facilitate the allocation of significant capital to clean cooking carbon projects.

The Modern Cooking Facility for Africa (MCFA) pledges to mobilise public and private finance by supporting the generation of high integrity carbon credits in its portfolio.

Event agenda

13:00: Welcoming words by Ash Sharma, Head of MCFA and Vice President, Nefco – the Nordic Green Bank

13:05: Opening words [TBC]

13:10: Panel discussion with Margaret Kim, Chief Executive Officer, Gold Standard, Tom Price, Co-Founder/CEO, EcoSafi the Better Cooking Company, Ruth Gichuhi, Senior Manager, EED Advisory

13:40: Q&A session

Moderator: Ash Sharma

Background information

The Modern Cooking Facility (MCFA), managed by Nefco and funded by Sweden, Norway and the European Union, supports the creation of new markets for modern clean cooking solutions and implementation of national clean cooking strategies in Sub-Saharan Africa.