October 20, 2023
Globally, 2.4 billion rely on polluting cooking fuels and technologies, representing an urgent environmental, health and socioeconomic crisis. Emissions from burning wood fuels account for 3% of global emissions, akin to the impact of the aviation industry. Achieving universal access to clean cooking by 2030 will require an estimated $8-10 billion annually. Current commitments stand at a mere $130 million each year. While clean cooking projects have helped millions gain access to clean cooking fuels and technologies in the past decade, the absolute number of people without access to clean cooking is outpacing the rate of growth. Carbon market funding has proven essential for scaling access to clean cooking, especially to poor, rural households in Sub-Saharan Africa and Southeast Asia.
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