World's First Carbon-Financed Sustainable Water Programme Helps Millions in Africa, news, StarAfrica.com
Swiss disease control technology company Vestergaard Frandsen earns Gold Standard carbon credits with innovative business model that tackles global health, water and climate challenges. Vestergaard Frandsen's LifeStraw® Carbon For Water programme has become the world's first safe water project to generate Gold Standard Voluntary Emissions Reduction (VER) credits, and has earned 1.4 million carbon credits. LifeStraw® Carbon For Water is a cutting-edge demonstration of how carbon finance can enable, at scale, some of the world's most disadvantaged communities to treat their water through the provision of zero-carbon purification technology. Proceeds from the sale of the credits, which Vestergaard Frandsen expects will be issued on a semi-annual basis, will help to sustain the programme over the course of a decade. LifeStraw® Carbon For Water, launched last year in western Kenya, is the largest water treatment project ever undertaken in a developing country without government or public sector funding, and Vestergaard Frandsen plans to replicate the model elsewhere in the world. In doing so, it will help millions more people in developing countries to improve their health and reduce carbon emissions.
Swiss disease control technology company Vestergaard Frandsen earns Gold Standard carbon credits with innovative business model that tackles global health, water and climate challenges. Vestergaard Frandsen's LifeStraw® Carbon For Water programme has become the world's first safe water project to generate Gold Standard Voluntary Emissions Reduction (VER) credits, and has earned 1.4 million carbon credits. LifeStraw® Carbon For Water is a cutting-edge demonstration of how carbon finance can enable, at scale, some of the world's most disadvantaged communities to treat their water through the provision of zero-carbon purification technology. Proceeds from the sale of the credits, which Vestergaard Frandsen expects will be issued on a semi-annual basis, will help to sustain the programme over the course of a decade. LifeStraw® Carbon For Water, launched last year in western Kenya, is the largest water treatment project ever undertaken in a developing country without government or public sector funding, and Vestergaard Frandsen plans to replicate the model elsewhere in the world. In doing so, it will help millions more people in developing countries to improve their health and reduce carbon emissions.