Climate Care

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Climate Care
Private
Industry Green
Founded 1997
Founder Mike Mason, Edward Hanrahan and Tom Morton
Headquarters Oxford, United Kingdom
Number of locations
4 (United Kingdom, Kenya)
Area served
Worldwide
Products Carbon offsets, RECs, Social impact outcomes
Services CSR programmes, Government Aid Programmes, Supply Chain and market development projects in India and Africa
Website climatecare.org

ClimateCare delivers projects that cut carbon and deliver positive health, economic and social outcomes.

Its focus is on projects that cut carbon and fund social development and it has targets to cut 20 million tonnes of CO2 and improve the lives of 20 million people[clarification needed] by 2020.

Founded in 1997, it is best known for its role providing carbon offset services, with a particular focus on using carbon finance to support its 'Climate+Care Projects' - projects which both cut carbon and improve lives. It also provides businesses and governments with sustainable development programmes, environmental and social impact measurement and bespoke project development.

It is a certified B Corporation and a founding member of the B Corporation movement in the UK.

On 24 August 2007, ClimateCare announced that it had delivered its first million tonnes of greenhouse gas emission reductions.[1]

In April 2016 it announced it has funded over 20.6 million tonnes of Emission Reductions worldwide and improved the lives of 16.5 million people.[2]

Climate Care was sold to J.P.Morgan in 2008 and became part of JPMorgan Chase's Environmental Markets business.[3] It was taken private through a Management Buy Out in 2011 and now operates under a 'profit for purpose' business model as a certified B corporation.

Key Clients[edit]

ClimateCare works with Governments, NGOs and businesses around the world.

Areas of expertise[edit]

ClimateCare designs and delivers projects that deliver against multiple Sustainable Development Goals and measures both environmental and social outcomes from these projects. It uses a market approach to sustainable development, kick starting markets for live enhancing goods and services.

For example, it has developed a Revolving Fund model[4] which it is using to create a new market for clean burning ethanol cookers in Kenya, helping the community to leapfrog traditional development pathways.

It also provides consultancy, for example working with the Government of Kenya to develop NAMAs as part of its low carbon development plan and transforming the charcoal supply chain for the FAO.

History[edit]

2016

ClimateCare announced it had cut 20.6 million tonnes of CO2 and improve life for 16.5 million people [1]

2012

Works with Kenyan Government to develop 10 year National Climate Change Plan.

2011

ClimateCare is bought out of J.P. Morgan by the management team.

2008

Climate Care is acquired by J.P. Morgan and forms foundation of Environmental Markets division.

2007

Authors first efficient cookstove methodology, adopted by Gold Standard and so far used by 55 projects around the world.

Partnership with TUI Travel to develop a bespoke portfolio of emission reduction projects in key TUI travel destinations. This forms the cornerstone of the World Care Fund, the largest emission reduction programme in the travel industry.

Achieved 1 million tonnes of emissions reductions.

2006

Nairobi office opened.

Prince of Wales offsets the Royal Household through ClimateCare.

ClimateCare partners with Land Rover to launch one of the largest retail offset schemes in the world.

2005

ClimateCare plays key role in developing international standards for voluntary offsetting, including being an original funder of the Gold Standard Foundation & working with Climate Group to set up the Voluntary Carbon Standard.

2003

World-first application of carbon finance to cookstoves in Bangladesh

2001

Work with DEFRA to develop rules for the Voluntary Carbon MarketOffers online service to enable individuals and companies to offset through the website

2000

Partnership with The Co-operative to offer offset mortgages – one of the first products in the world to include a carbon offset.

1998

ClimateCare uses offset funds to restore rainforest in Uganda.

1997

Kyoto Protocol adopted by the international community, to tackle climate change.

Framework for carbon offsetting internationally recognised.

ClimateCare founded to encourage organisations and individuals to take voluntary action on climate change.


Examples of ClimateCare Projects funded through carbon finance[edit]

ClimateCare funds many projects around the world mainly in developing countries with the aim of reducing greenhouse gas emissions and supporting sustainable development in these countries. Projects are submitted to various independent standards to ensure accuracy, additionality and verification that emissions reductions are achieved. Standards for carbon offsetting include the Gold Standard,[5] developed by charities such as WWF, and the Voluntary Carbon Standard developed by The Climate Group.

LifeStraw Carbon for Water Project[edit]

ClimateCare partnered with health company Vestergaard to develop this project that uses carbon finance to fund provision of safe water to 4 million people in Western Kenya. The project was the first in the world to link carbon credits with water provision at scale and has won awards including the Carbon Finance Transaction of the Year award 2012.[6]

This project cuts carbon and provides safe water by distributing 877,505 LifeStraw Family filters to households in Kenya’s Western Province. The gravity driven point-of-use water filters require no electricity or consumables.The project relies on carbon finance. Without it, filters would not have been distributed at scale in the region and the ongoing operations, including education campaigns, could not be maintained.

The project was brought to life by film producers Evan Ebramson and Carmen Elsa Lopez in the award winning Carbon for Water Film[7]

AquaClara Project[edit]

Non-profit organisation Aqua Clara International, partnered with ClimateCare to establish a water purification project in Kenya, manufacturing and distributing household water filters that replace the need to boil water.The resulting emissions reductions are measured, independently verified and sold to businesses that want to reduce their unavoidable carbon footprint by supporting projects that improve people’s lives as well as the environment.

Funds generated through the sale of carbon credits make this project possible and, as a result, 18,750 families will have safe water by May 2017 cutting an expected 50,000 tonnes of CO2 every year.

Ugastoves Project[edit]

In Uganda, more than 90% of people use biomass, such as wood and charcoal, for cooking.

This project creates a market for fuel-efficient stoves in households and institutions throughout Uganda. These stoves use less fuel than traditional cooking methods, cutting carbon emissions and substantially reducing indoor air pollution, making them much less damaging to the health of the cooks and their families.

Further reading[edit]

  • Clean Air-Cool Earth, A Consumer's Guide to Retail Carbon Offsets[8]
  • Offset Positive, A Green Futures publication reviewing the case for Carbon Offsetting[9]

References[edit]

  1. ^ ClimateCare delivers 1 million tonnes! :: ClimateCare
  2. ^ http://climatecare.org/press-release-climatecare-reports-impressive-impact-figures/
  3. ^ http://www.jpmorgan.com/pages/jpmorgan/investbk/solutions/commodities/environmental
  4. ^ http://climatecare.org/climatecare-wins-carbon-finance-transaction-of-the-year-award/
  5. ^ WWF - Gold Standard
  6. ^ http://climatecare.org/climatecare-supported-project-wins-carbon-finance-transaction-of-the-year/
  7. ^ http://www.vestergaard-frandsen.com/carbon-for-water-film/
  8. ^ http://www.cleanair-coolplanet.org/ConsumersGuidetoCarbonOffsets.pdf
  9. ^ http://www.forumforthefuture.org/greenfutures/shop/special-edition/offset-positive

External links[edit]