It’s simply good for business to be part of a low carbon future
Natural Balance forms Wonderbag partnerships with companies looking to reduce CO2 emissions, while alleviating poverty and creating employment. We help companies meet their Corporate Social Responsibilities and environmental ambitions. Association with Wonderbag enhances your green credentials.
How are carbon credits validated?
Carbon credits explained by Dr Adam Harvey, Wonderbag carbon consultant.
Because the Wonderbag mitigates global warming, the project has been submitted to the United Nations Framework Convention on Climate Change (UNFCCC) as a Clean Development Mechanism (CDM) project. The CDM allows Natural Balance to generate and sell certified emission reduction (CER) credits, commonly called ‘carbon credits’ each equivalent to 1 tonne of CO2, the income from which makes widespread distribution in the developing world possible at affordable prices.
What does UNFCCC accreditation mean?
UNFCCC registration is highly rigorous, and once it is achieved, it provides a stamp of approval by the world's most globally influential environmental legislation body. It means that you don't have to worry – the product works.
Who owns Wonderbag carbon credits?
Field tests and pilot field trials in different countries have shown that the Wonderbag saves on average approximately 0.5 tonnes of carbon per year per kitchen in which it used. These savings translate into carbon credits which belong to Natural Balance, so allowing us to generate enough income to distribute the bag at affordable prices on a large scale.
Corporate partners can take credit for reducing carbon
The current application for UNFCCC certification provides investors which a rigorous endorsement of the authenticity of the credits, which means that Wonderbag corporate partners can confidently report that for every Wonderbag in use, the company is contributing to an avergae saving of 0.5 tonnes of carbon per year. With successful registration, this figure will be revised, authenticated and updated in the future, before any credits are actually issued, by annual field tests which are verified by auditing bodies certified by the UNFCCC, and by the UNFCCC itself.
Companies can buy Wonderbag carbon credits on carbon exchanges, or receive discounted prices by advance purchase. Advance purchase arrangements are now on offer.
Financing of the project through sales of credits on the Carbon markets is the only way in which the Wonderbag can be sustaianble at scale and in the long term. This long-term sustainability and high volume distribution provides a basis for employment creation in many developing countries, mitigation of deforestation, and health, livelihood, and economic benefits the Wonderbag briongs to its users.
