Global Water Center Launches Carbon Credit Program to Help Fund Sustainable Rural Water Systems
06 Agosto 2024 - 2:25PM
Global Water Center started a Carbon Credit Program to make
rural water systems financially sustainable. This innovative
program helps safe water organizations and rural communities
acquire additional financial support to establish, maintain, and
operate rural water systems.
“It is challenging and unrealistic to rely on traditional
sources of capital (e.g. philanthropy, donations, and grants) to
truly scale safe drinking water projects,” said Eric Wei, president
of the Carbon Credit Program. The carbon market provides much more
stable, sustainable funding, but few safe water organizations are
currently accessing it.
The Carbon Credit Program helps safe drinking water project
developers access the carbon market by meeting the data and process
requirements mandated by the carbon standards and registries.
Additionally, the program works directly with rural communities to
ensure they have the necessary resources to upkeep their water
systems.
Global Water Center’s Carbon Credit Program team: Anne Lyngdoh,
Eric Wei, and Chelsea Inglis (left to right)
Within the program’s first few months, Global Water Center
signed a carbon consulting agreement with Water Mission, a
Christian engineering nonprofit that builds safe water, sanitation,
and hygiene solutions in developing countries and disaster areas.
The Carbon Credit Program is supporting Water Mission in relation
to an initial portfolio of 17 safe drinking water projects in Kenya
and Malawi serving up to 100,000 people with safe water access. The
Carbon Credit Program is also in discussions with project
developers, nonprofits, and communities in Ethiopia, Honduras,
Nicaragua, and El Salvador. Global Water Center
envisions the Carbon Credit Program growing to finance sustainable
safe water systems around the world.
About Global Water Center Global
Water Center believes everyone deserves access to safely managed
water. Our three-pronged approach of education, innovation, and
collaboration focuses on making rural water projects more
sustainable. As the go-to resource for the rural water sector, our
safe water resources have reached people in 131 countries. In
addition to education, we also use innovative technology to make
water projects more effective and reliable. All of our efforts are
rooted in collaboration with non-profits, governments, and other
entities. Together, we are solving the global water crisis.
Media Contact: Alyson RockholdDirector of Global Engagement
Global Water Center+1 843.693.3430
arockhold@globalwatercenter.org
Learn more:
https://globalwatercenter.org/carbon-credits-an-innovative-solution/
A photo accompanying this announcement is available at
https://www.globenewswire.com/NewsRoom/AttachmentNg/7a1166e7-a961-47e8-bc8c-592e200a41d8