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KENYAN START-UP USES CARBON MARKETS TO PROVIDE CLEAN COOKING FUEL TO 1 MILLION HOUSEHOLDS

A Kenyan start-up called Koko Networks is revolutionizing energy provision in developing countries by utilizing international carbon markets to distribute clean cooking fuel to over 1 million households. Since its launch in 2019, Koko Networks has raised over $100 million in carbon finance over the past four years to subsidize clean energy cooking in Kenya, encouraging families to switch from cheaper but more hazardous charcoal fuel. Koko’s approach is akin to government subsidies for household energy in wealthier countries, with carbon markets playing a crucial role in supporting this new energy system. According to Greg Murray, the CEO and co-founder of Koko, this model could be replicated in any of the 60 tropical forest nations worldwide where the majority of the population relies on charcoal for cooking.Rather than burning charcoal, Koko’s customers use ethanol made from corn or sugarcane on twin-hob stoves provided by the company, which are equipped with an airlock to reduce fumes. Ethanol can be purchased from Koko vending machines placed in local stores, allowing customers to refill reusable bottles. By minimizing charcoal usage, which contributes to deforestation, Koko is able to generate audited carbon credits that can be sold on international markets. Instead of treating the funds as extra revenue, Koko passes the value back to customers in the form of subsidies. This significantly reduces the cost of stoves by 85% and fuel by 25% to 40%, making clean cooking more affordable for a larger number of households. The company has already moved over $100 million worth of carbon value to Kenyan wallets, establishing it as a targeted subsidy. If the price of carbon on international markets rises, the additional revenue earned from carbon credits will allow Koko to further decrease costs for its customers. Koko’s success in accessing carbon finance is attributed to its ability to sell credits in compliance markets, where government-backed schemes require companies to offset their carbon emissions. Currently, Koko sells carbon credits in South Korea’s compliance market and plans to sell in Singapore from next year. Additionally, the company has partnered with Mizuho Bank to develop carbon credits for sale in Japan starting from 2026. With support from investors such as the Microsoft Climate Innovation Fund, Koko Networks serves one-third of households in Nairobi and has expanded its services to nine other towns in Kenya. As of recently, the company has surpassed one million customers and aims to launch in Rwanda later this year. The shift to clean cooking fuel is essential in reducing deforestation and mitigating the hazardous fumes and soot emitted by burning charcoal, which contribute to an estimated three million premature deaths annually due to household air pollution. In Africa alone, nearly one billion people lacked access to clean cooking facilities in 2020, as reported by the World Health Organization. https://www.claytoncountyregister.com/news2/start-up-taps-carbon-markets-to-boost-clean-cooking-in-africa/95910/

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  • We Don't Have Time

    43 w

    Dear johnte ndeto Your climate love has received over 50 agrees! We have reached out to KOKO Fuel by email and requested a response. I will keep you updated on any progress! To reach more people and increase the chance of a response, click the Share button above to share the review on your social accounts. For every new member that joins We Don't Have Time from your network, we will plant a tree and attribute it to you! /Adam, We Don't Have Time

    1
    • zelda ninga

      43 w

      Koko is not only cheaper but a safe and healthy source of energy.Good work to koko.

      1
      • Kevin

        43 w

        This is an incredible job

        5
        • Princess

          43 w

          This is a fantastic initiative for both environmental sustainability and public health.

          3
          • Rukia Ahmed Abdi

            43 w

            Koko is a game changer in Kenya

            5
            • Gorffly mokua

              43 w

              This absolutely amazing 💚💚

              14
              • winnie nguru

                43 w

                Koko is doing an incredible job for the planet whilst empowering people economically. I applaud them

                15
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