ICVCM hits on promising recipe for cookstoves methodologies

The decision by the Integrity Council for the Voluntary Carbon Market (ICVCM) to withhold its stamp of approval from the most problematic cookstove methodologies and to approve a good methodology is a welcome step in the right direction but more needs to be done.

Last week, the Integrity Council for the Voluntary Carbon Market ICVCM announced its long-awaited decision on cookstove methodologies – an announcement closely watched by stakeholders in global carbon markets.

Efficient cookstove projects can result in enormous social and environmental benefits. However, when these projects are translated into carbon credits their climate benefits have too often been greatly overstated, a previously identified trend that is confirmed by research we will release next month.

For this reason, the ICVCM’s decision to reject the problematic legacy cookstoves methodologies developed under the Kyoto Protocol’s Clean Development Mechanism is a promising development. 

These include methodologies covering the switch from non-renewable biomass (AMS-I.E) and enhancing the energy efficiency of non-renewable biomass (AMS-II.G). The ICVCM has also rejected the Gold Standard simplified methodology for clean and efficient cookstoves. 

Declining these methodologies for which there is clear  evidence of severe over-crediting in global carbon credit markets is a step in the right direction. The ICVCM’s decision to conditionally attribute the Gold Standard methodology for Metered and Measured Energy Cooking Devices with their sought-after Core Carbon Principles (CCP) label sends a positive signal since this methodology is among the most robust out there. Nevertheless, the conditional approval of other cookstove and biodigester methodologies (GS-TPDDTEC and VM0050) fails to take account of other over-crediting factors. 

Missing the (bench)mark

Since 2021, the ICVCM has been striving to establish a global benchmark for integrity in carbon trading, by testing methodologies and awarding its Core Carbon Principles label to those that meet its standards.

Recently, however, the ICVCM has faced criticism for approving controversial REDD+ and other methodologies that, according to experts advising the ICVCM, failed to meet its own stated criteria. This decision led to key departures from ICVCM’s expert panel, further intensifying scrutiny over its latest move.

Cookstove projects are the fastest-growing segment in the voluntary carbon market, offering significant socioeconomic benefits for communities reliant on traditional biomass fuels, such as wood. Yet, many methodologies in this category are heavily over-crediting, allowing buyers to make misleading carbon-neutral claims based on little more than hot air. The ICVCM’s stamp of approval on cookstove methodologies is a high-stakes decision. Handled correctly, it could drive the scaling up of efficient cookstove projects but also weed out projects that are overstating their climate benefits. 

The implications go beyond day-to-day carbon trading. The ICVCM’s credibility also affects the perception of Article 6 of the Paris Agreement. Notably, the first ever credits to be issued under the Paris Agreement Crediting Mechanism, supposedly a high-quality benchmark mechanism for international carbon credits, will be from an AMS-II.G project that would fail to meet the CCP label standard.

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