This report was prepared for Columbia World Project: Ghana Household Energy (“the Project”) in order to identify climate finance options that would provide substantial additional funding for Project implementation. The Project will advance in two major stages. Phase 1 will identify policy measures and fuel options that will effectively promote community-level adoption of clean cooking technologies. Phase 2 will then implement the intervention based on findings from Phase 1. The funding this Project seeks will cover Phase 2 operations costs and likely contribute to subsidizing the cost of fuel and hardware in order to reduce the consumer end-price of the clean cooking technology this Project promotes.
The report identifies three potential sources of climate finance: 1) Carbon Finance; 2) the NAMA Facility; and 3) the Green Climate Fund (GCF). Carbon finance would provide the greatest amount of university ownership over the Project, and support a liquefied petroleum gas (LPG)-based intervention if Phase 1 identifies LPG as one of the fuel sources most likely to achieve a transition to clean cooking. However, the Project would not be able to generate funds from carbon finance before Phase 2, since Phase 2 itself would produce carbon credits for sale. Therefore, another financing source, outside carbon trading, is necessary to support Phase 2 implementation.
Environmental Law | Law
Climate Financing Options: An Assessment for Columbia World Project – Ghana Household Energy,
Sabin Center for Climate Change Law, Columbia Law School, December 2020
Available at: https://scholarship.law.columbia.edu/sabin_climate_change/41