Brookings Institution: New finance for old (technology) problems? Saving the planet with better cook stoves
Lauren Masatsugu, a research associate with the Sanford School of Public Policy at Duke University, and Subhrendu K. Pattanayak, a professor of public policy and environmental economics with Duke University and faculty director of Duke’s Sustainable Energy Transitions Initiative, write, “Although improved cook stoves (ICS) help everyone — they lower emissions, cut firewood use, and reduce forest degradation — the uptake of such stoves has been slow. We’ve been working to come up with a fix. … One such promising mechanism is carbon financing, which can use market forces to both bring new money to ICS suppliers and correct for the negative environmental externalities (a fancy term for carbon emissions) of burning dirty fuels in traditional stoves…” (6/22).