Clean cookstoves in Mozambique lure big investors(Read article summary)
CleanStar Mozambique is a combined effort among a mix of institutions centered around replacing traditional charcoal cooking stoves with stoves fueled by sustainably produced bio-ethanol.
When it comes to investing in a clean cookstoves project, Triple Pundit reports that maybe there's no such thing as too many cooks in the kitchen.
Cooked up in 2010, CleanStar Mozambique is a combined effort among a mix of investors, financial and research institutions, and NGOs, including CleanStar Ventures, Novozymes, ICM, Zoe Enterprises, Dometic, Impact Carbon, and Bank of America Merrill Lynch. The project:
"Simultaneously addresses the issues of deforestation, land degradation, hunger, poverty, indoor pollution and carbon emissions, on a small scale, all through a for-profit business structure. The program ... is centered around the replacement of traditional charcoal cooking stoves with alcohol-fired stoves that can be fueled by sustainably produced bio-ethanol."
Triple Pundit reports that the Soros Economic Development Fund and Industrialization Fund for Developing Countries funding "will allow CleanStar and its partners to now focus fully on implementation, rather than the time-consuming process of fundraising.”