Fair Climate Fund offers support to companies, non-profit organizations and individuals, to become climate neutral. To offset the emissions Fair Climate Fund offers fair traded carbon credits from its own local projects, involving local communities. Moreover, it offers the possibility to exchange personal flights, car, and household emissions to be compensated with its credits, while stimulating climate and poverty reduction. Projects address clean cooking methods for households in developing countries and are currently carried out in rural areas of Southern India and Western Ethiopia.
Video: Meet Biogas user Narsamma, by Fair Climate Fund
Video: Meet improved cookstove ‘Chulika’ user Renuka, by Fair Climate Fund
Objectives and beneficiaries
The objective is generating carbon credits through local projects, directly managed by local communities. The same local communities hold the credits that can be used to generate income, because they created the carbon credits. The beneficiaries are the most vulnerable households in developing countries. Fair Climate Fund reaches out to more than 50.000 households in Southern India and Western Ethiopia.
Strong points of the practice
The household owns credits which it has produced, that can then be sold in the carbon market at a fair price. The projects are developed by local communities or NGOs, granting raising consciousness and training, and creating long-term employment. Then, it provides an improvement in the most vulnerable daily life, working in rural and underdeveloped areas. It avoids that a lower price will be paid to the credits’ producers.
Expected results and benefits for climate change adaptation and mitigation
The expected result is a mitigation effort and an improvement in life conditions. Not just for timesavings, reduced deforestation, but also improved health conditions and awareness about measures to adapt to climate change.
Replicability potential of the practice
The pro-poor, pro-climate approach is being replicated by Fair Climate Fund's Indian partners thanks to the FairClimateFund initiative.
With the Fairtrade standard for Climate Projects even more projects can be replicated but upfront financing is required.
Fairtrade certification will guarantee a fair price paid by buyers, additional training for the project participants, knowledge transfer and a premium to be used for climate adaptation activities by the community.
[Editor's Note: All information published as submitted by the author(s). Minor edits may have been made to increase readability and understanding.]