ATEC has received a Letter of Authorization from the Ministry of Environment, Forest and Climate Change of Bangladesh, allowing the clean-cooking company to generate emissions reductions eligible for international transfer under Article 6.2 of the Paris Agreement.
The approval covers ATEC’s Electric Cooking Program, which will deploy induction stoves in Bangladesh’s Chattogram division. The company expects the program to deliver emissions reductions of 1.29 million tonnes of carbon dioxide equivalent (CO2e) by 2030.
The authorization, which formalizes the government’s consent for the international transfer of these carbon credits, makes ATEC the first clean cooking developer in Bangladesh to receive such approval, according to the company.
Digital Monitoring Underpins Carbon Credit Generation
The program is registered under Gold Standard’s Metered & Measured Energy Cooking Devices (MECD) methodology. It uses a continuously tracked energy consumption system to establish baseline energy use and measure reductions from the high-efficiency induction stoves.
ATEC said the distributed stoves will be equipped with Internet of Things (IoT) technology that allows household energy use to be monitored in real time. The resulting emissions reduction data will be digitally verifiable and auditable, with the first carbon credit issuance expected in December 2026.
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The authorization also incorporates the Paris Agreement’s corresponding adjustment requirements, which are intended to support the integrity of Internationally Transferred Mitigation Outcomes (ITMOs).
“Bangladesh is setting an example for countries seeking to participate in high-integrity carbon markets,” ATEC Chief Executive Ben Jeffreys said, adding the approval “is creating the policy certainty needed to unlock international climate finance.”
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