UN approves first carbon credit to Myanmar woodstove project

Contributing sentiments towards policy:

60% : "Our focus is on building confidence in this market from the outset, and this first issuance shows that the system is working as intended," Jacqui Ruesga, vice chair of the UN body supervising the PACM, said in a statement.
60% : "The opportunities presented by this UN carbon market across all regions are vast, particularly now that strong environmental safeguards, robust standards, and a clear system for redress are in place to ensure integrity, inclusiveness and efficiency," he said.
53% : The United Nations announced Thursday the approval of the first carbon credits under a global market aimed at reducing emissions, a mechanism that has faced scrutiny over greenwashing concerns.
51% : At the time,Greenpeacesaid the agreement left loopholes that would allow fossil fuel companies to continue polluting.
47% : The UN-run market, established under the Parisclimateaccord, allows companies and countries to offset their excess emissions by financing projects that cut greenhouse gases in other nations.
46% : The first credits issued under the new carbon market involve a project inMyanmarthat distributes efficient wood-burning cookstoves that reduce harmful household air pollution and ease pressure on local forests, the UN's climate agency said.
44% : The UN climate agency said the credited emissions reductions are 40 percent lower than under a previous scheme as more conservative calculations are applied under the new Paris Agreement Crediting Mechanism (PACM).
41% : More than two billion people around the world cook using open fires or inefficient stoves fuelled by kerosene, coal or biomass such as wood, crop waste or dung, according to the World Health Organization.
39% : "Clean cooking protects health, saves forests, cuts emissions and helps empower women and girls, who are typically hardest hit by household air pollution," UN climate chief Simon Stiell said.

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