BURN has received a second authorization from authorities in Tanzania to generate carbon credits under Article 6.2 of the Paris Agreement, which sets principles for voluntary international cooperation on climate targets.
The generated credits are intended for use by airlines under CORSIA. The company plans to provide clean cooking appliances to over one million households in Tanzania, including IoT-enabled ECOA electric induction cooktops. The project will utilize Gold Standard’s methodology for carbon credit generation.
Tanzania will authorize the retroactive issuance of carbon credits, with BURN’s second authorization covering 785,000 vintages from 2022 to 2025. Over 40% of these have already been secured through pre-purchase agreements and the company is working on their insurance and CORSIA certification.
BURN’s previous authorization was the first in the world to be designated via such a mechanism. Meanwhile, the project has received an “A” rating from MSCI, reflecting strong performance against key criteria for carbon credit quality and reliability.
Peter Scott, Founder and CEO of BURN, said “This Letter of Approval marks an important step in BURN’s mission to accelerate the transition to clean cooking for Tanzanian households.”
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“We are proud to work alongside the Government of Tanzania to scale solutions that deliver measurable climate impact, meaningful benefits for households, and high-integrity carbon credits.”
“Together, we are demonstrating how clean cooking can be a powerful driver of both climate action and sustainable development.”
BURN uses carbon credits to finance affordable clean-cooking technologies in Africa, having secured over $60 million in subsidies and reduced stove prices by around from 60 to 100%.
Proven environmental and economic benefits
BURN stoves offer proven benefits for health, household finances and the environment. An independent, peer-reviewed randomized controlled trial conducted by researchers from the University of Pennsylvania and the University of Chicago shows that the use of BURN biomass stoves results in 39% lower fuel consumption.
This translates to average annual savings of $119 per household, as well as a reduction in CO2 emissions of 3.5 tons per year.
BURN manufactures electric stoves in Tanzania, employs 500 people and produces 6,000 stoves per month.
The company has already reached 330,000 households and plans to expand its operations to reach one million. Its projects are also implemented through Global Cookstoves Ltd., which is a partnership between BURN and Key Carbon focused on eco-friendly cooking and carbon credits.
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