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MicroEnergy Credits is a social enterprise which links microfinance institutions to the carbon markets when they lend for clean energy. When a microentrepreneur takes a loan for a solar lighting system or an improved cookstove, it creates a carbon emission reduction because it replaces dirty fuels like kerosene, wood, charcoal or coal. MEC purchases these carbon emissions reductions and then sells them on the carbon markets. The microfinance institutions can then use the revenues to scale up the clean energy program or can pass the savings along to their client in the form of reduced interest rates, free battery replacements or other benefits.
Better World Credits is a non-profit organization that empowers individuals and groups to learn more about climate change, energy access and microfinance, make a connection with clean energy entrepreneurs around the world--and then make an individual impact by making a tax-deductable contribution for carbon credits from individual microentrepreneurs. Its website is www.yurtcozy.org < http://www.yurtcozy.org> .
The MicroEnergy Credits Fellow's program is a rare opportunity for individuals to contribute to a climate friendly development path, by working directly with microfinance institutions that are offering clean energy loans to microentrepreneurs. The MicroEnergy Credits fellow is an unpaid, volunteer position. MicroEnergy Credits Fellows will increase the capabilities of microfinance institutions to access the carbon markets when they lend for clean energy, and will bring pictures, stories and insights about microenterprise, microfinance and clean energy to the MicroEnergy Credits community.
- Tamar Azous
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