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Passengers on India’s largest airline can now invest in low-carbon rural development

Airline travelers in India who fly the country’s largest airline now have an opportunity to support low-carbon rural development programs across the country.

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A new partnership will allow passengers on India's largest airline to invest in offsets that promote low-carbon rural development programs, including low-carbon farming. Credit: Richie Ahuja

The landmark partnership was unveiled this weekend between the Fair Climate Network (FCN), a consortium of Indian groups that is committed to improving health and livelihoods in rural communities, promoting climate resilience and reducing climate pollution, and IndiGo, the country’s largest and fastest growing airline.

The company will use the funds collected through this voluntary program to purchase some of the offsets generated by more than 300,000 Indian families from 36 climate mitigation projects. The projects, being developed and implemented by FCN, help families in rural India gain access to clean, reliable energy and improve farm income while cutting carbon emissions.

These climate adaptation and mitigation activities include innovative and sustainable low-carbon farming techniques and cooking with clean methane power instead of highly polluting traditional wood stoves. The families produce the methane fuel by using biogas digesters to process livestock manure.

Why this is a big deal for India – and Indians

It bears repeating that this is an Indian company buying carbon offsets created in India. We’ve seen other projects in India create offsets that have been purchased by, for example, European organizations. But this project is truly an effort of and for the people of the world’s largest democracy.

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300,000 Indian families participate in programs under the Fair Climate Network, a consortium of Indian groups committed to improving health and livelihoods in rural communities. Credit: Tal Lee Anderman

In offering this program, Indigo is providing its customers an opportunity to support its commitment to shared prosperity and “inclusive” growth – growth that benefits not only rural families that are members of the Fair Climate Network, but also IndiGo’s passengers and all Indians, who will benefit from a healthier environment.

Ram Esteves, the Convener of FCN said addressing rural development is a "high priority," adding:

We need programs that support economic development and deliver social, health and environmental co-benefits, including climate adaptation and mitigation. IndiGo has reposed faith and trust in this understanding of inclusive development where a stable and healthy economy is good for business. This partnership is a strong step in this direction.

IndiGo’s President and Executive Director Aditya Ghosh called the move a “momentous opportunity” for the company, saying:

We strive to make a difference each day and find solutions that help manage our carbon footprint. We are delighted to partner with FCN on this initiative which not only helps us and our passengers achieve just that, but goes far beyond by creating a sustainable positive impact and improving many individuals’ livelihoods.

The company is showing leadership by making this commitment to inclusive growth and offsets, along with other green technology investments, an integral component of its future growth. This partnership can serve as a model for Indian business leaders looking to make a difference in their communities.

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Posted in India, News|: | Leave a comment

Durban finance debate down to the wire

With the caveat that nothing is certain in these climate conferences until the deal is done, it appears negotiators in Durban are poised to set up the structure for the much-debated Green Climate Fund that would help finance efforts of some developing countries to adapt to the impact climate change and curb their greenhouse gas emissions.

This is exciting, and it doesn’t mean that we expect to see large sums of money flowing into the fund this year: There’s nothing wrong with that – you can’t put money in a bank until there’s a bank in which to deposit it. It is encouraging that Germany and Denmark pledged small funds yesterday to capitalize the Fund. Hopefully that is the start to a series of further contributions from countries over the next year.

At this point countries are still fighting over what institution or country will host the fund and there’s a complicated process between approving a fund and getting it up and working.

Report of the Transition Committee

The Transition Committee created last year in Cancun has been working to set up the infrastructure and the rules governing creation of the fund.

After a year of meetings, no one is completely satisfied with the Transition Committee Report. That’s not surprising given the complexity of the issues involved. Even so, it appears the convention here has little desire to reopen the debate in its final hours and may allow some of the dissent to be addressed in a cover note to the report.

Once the report is accepted, delegates are expected to set a deadline for appointing the board to govern the fund and having its first meeting—likely by April 2012. When the board is in place, we should see the details of the governing institution take shape.

At this meeting, Parties may approve the formation of a working group on long term finance that would create a series of options for delegates to consider at next year’s climate conference in Qatar; we’re still waiting these details to unfold.

And the final issue that needs to be decided in Durban is where the fund will be housed—which institution or country will actually host the fund. For example the Food and Agriculture Organization is “hosted” by Italy and physically housed in Rome. As to be expected, many countries are lobbying vigorously for the job.

We end with the same caveat with which we started: There is still plenty of time left in Durban for this scenario to fall apart in the usual chaos and bickering of the final hours.  The report has something for everyone, and not everything for anyone.  But it appears the nuts and bolts for setting up the Green Climate Fund are ready for assembly.

Posted in Durban (COP-17)|: | Leave a comment
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