The Camco Group and Pioneer Carbon are to support the Daxu stove programme in China, with the aim of installing over 1 million stoves within a 3 year period saving in the region of 28m tonnes of carbon dioxide emissions in the first five years. Press Release:
The Camco Group and Pioneer Carbon, two pioneering businesses in the sustainable energy and low carbon markets, are pleased to announce the signing of a memorandum of understanding and cooperation with Beijing Shenzhou Daxu Bio-energy Technology Company Ltd and the Government of Yanqing County.
Camco and Pioneer will provide carbon financing and project development support to the Daxu community household stove replacement programme within Yanqing County, 60km from Beijing, and will have exclusive rights to the carbon credits produced.
Although many parts of rural China have access to mains electricity, most families still cook and heat their homes using stoves that burn coal or wood. This has led to severe deforestation and contributed significantly to greenhouse gas emissions. Coal use in particular causes poor air quality in much of China. Crop waste, widely available in many rural areas, could provide an alternative source of fuel for cooking.
The Daxu stove design won the Enterprise Award in this years Ashden Awards for Sustainable Energy, presented by Al Gore. The stove, used for both cooking and heating, is over 40%-efficient and reduces carbon dioxide emissions by about 8 tonnes per year. It is specifically designed to use compressed crop waste in the form of briquettes. It combusts the fuel using a controlled supply of air that first produces a gas, which is subsequently burned in the stove.
To date, 17,000 stoves have been installed through a direct subsidy by the County. The market barrier to further implementation is the high initial cost compared to coal stoves, so carbon financing will ensure the economic viability of the project on a much larger scale.
The project partners aim to install over 1 million of these stoves within a three year period saving in the region of 28m tonnes of carbon dioxide emissions in the first five years. In line with Camco’s conservative market reporting policy, these tonnes will not be added to the contracted project portfolio until we can be reasonably sure that they will be delivered as expected.
Camco and Pioneer will initially fund a trial of 400 stoves with the objective of proving the carbon savings, ensuring sufficient fuel supply and the assessing the achievability of getting the project registered under the Clean Development Mechanism (CDM). Following the successful outcome of this first phase, Camco and Pioneer will commit to finance a further 20,000 stoves.
Read the full press release here or visit the website here
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