ANNOUNCEMENTS
The improved cookstove (ICS) programme in Madhya Pradesh, India, is the case study used in this study to explore how carbon credit programmes might support sustainable development. The study aims to evaluate the effectiveness of improved cookstoves in comparison to conventional baseline stoves (Mitti ka Chullah), investigate the potential of carbon credit programmes as a financing tool and emission reduction strategy, and determine the effects of the ICS programme on reducing carbon emissions, improving health and well-being, and stimulating the economy. A thorough analysis was carried out using a mixed-methods approach to accomplish these goals. A literature research, data gathering, and interviews with significant ICS programme stakeholders were all part of the study. Both qualitative and quantitative techniques were used to analyze the data. The results show that carbon credit programmes have a lot of potential as a source of funding for sustainable development projects. The introduction and growth of ICS programmes can be funded by the money made from carbon credits, boosting the use of cleaner cooking technologies. The study also shows that enhanced cookstoves are more efficient than conventional baseline stoves, which results in lower fuel usage and greenhouse gas emissions. The ICS program's impact assessment shows promising results in a number of areas. It was noted that the programme has helped to significantly lower carbon emissions, which has helped to slow down climate change. Additionally, the introduction of better cookstoves has reduced health hazards linked to conventional cooking methods by improving indoor air quality. Additionally, the ICS programme has benefited economic growth, giving local communities more options for job creation and income generating. The study emphasizes the value of carbon credit schemes for encouraging sustainable development, particularly in the context of the sector for improved cookstoves. The results highlight the need for ICS programmes to get ongoing support and funding since they provide a practical means of reducing emissions, enhancing health outcomes, and stimulating local economic growth. This study adds to the body of knowledge already available on carbon credit schemes and gives policymakers, practitioners, and other stakeholders participating in sustainable development projects useful information.
Keywords: Carbon offset, Carbon credit, Climate finance, Carbon finance, ICS, Cooking fuels, Emission Reduction, CDM, SDG
