Switzerland-headed SCB Group, a global low carbon commodity brokerage and services provider has announced investment in a program as the sole provider of 100,000 clean biomass cookstoves for Rohingya refugees and host communities in Bangladesh.
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SCB, the world-leading low-carbon commodity company, announces investment in a program as the sole provider of 100,000 clean biomass cookstoves for Rohingya refugees and host communities in Bangladesh.
SCB is working in partnership with the Bangladesh Bondhu Foundation (BONDHU) supported by the Government of Bangladesh, and VNV Advisory to commence the distribution of improved smokeless cookstoves in April 2022 and complete it by February 2023.
Energy-efficient biomass cookstoves
The energy-efficient, improved smokeless cookstoves known as ‘Chula’ are essential to cook food rations and boil drinking water, and are a massive improvement on the current reliance on traditional stoves or open wood fires, which damage respiratory health exacerbated by the confined space of the dwellings made of tarpaulin.
The improved smokeless cookstoves burn wood more efficiently, causing less environmental impact from the extensive wood harvesting for cooking fuel in the forest area surrounding the camps.
Wood collection is also linked to gender-based violence. In addition to the health, social, and economic benefits to the Rohingya people, the program empowers local ownership of the sustainable production, marketing, installation, and use of cleaner stoves.
Carbon abatement
SCB’s innovative financing investment is grounded on the fact that efficient wood burning significantly reduces carbon emissions.
This project will undergo Gold Standard registration which will lead to at least one million tonnes of carbon dioxide (CO2) abatement over a five-year period, generating at least 200,000 carbon credits per annum.
We are proud to be making a substantial difference in the lives of the Rohingya refugees living in camps and host communities in Bangladesh. Something as simple as improving the stoves at their disposal can materially help improve living conditions, and reduce certain health issues, whilst also minimising the impact on Bangladesh’s vulnerable ecosystem. With the generation of carbon credits, upon project certification, this is a win-win programme and another example of SCB developing markets as a route to decarbonisation, commented Kevin McGeeney, CEO of SCB Group.
Global food insecurity and migration linked to drought caused by climate change and geo-political instability are set to rise.
Governments have called upon the private sector to come up with innovative financing mechanisms such as SCB’s clean cookstove program to alleviate hunger and environmental degradation in order to achieve the 2030 Agenda’s Sustainable Development Goals (SDGs) and meet the terms of the Paris Agreement on Climate Change.
