Clean cooking is crucial for enhancing health and reducing carbon emissions
Global Carbon Investments (GCI) and Bboxx Friday launched a significant clean cooking initiative in Pakistan, leveraging smart LPG (liquid petroleum gas) technology to provide efficient and affordable solutions, marking one of the world’s largest initiatives in this space.
Promoting clean cooking is crucial for enhancing health and reducing carbon emissions. This initiative strives to address the surging demand by offering cleaner, quicker, and more economical LPG cooking solutions tailored for low-income households.
This effort aims to introduce millions of LPG cooking solutions, representing a major stride in reshaping the nation’s energy framework. The distributed LPG gas tanks incorporate an innovative Pay As You Cook technology, guaranteeing cost-effective access to efficient cooking methods.
The global demand for LPG is projected to soar eightfold in the next decade, fuelled by the growing reliance on gas for cooking.
Sheikh Ahmed Dalmouk Al Maktoum stated, “The partnership between Global Carbon Investments and Bboxx is a significant milestone in the global efforts to address energy poverty and enhance access to essential services. Together, we are pioneering scalable solutions that tackle both social and environmental challenges, setting a new standard for clean cooking initiatives worldwide.”
Approximately 25 million households in Pakistan require clean cooking solutions, and about 114 million rely on harmful solid fuels for cooking, leading to health problems and environmental degradation. Charcoal and wood, commonly used, have 50% and 74% larger carbon footprints than LPG, emphasizing the environmental advantages of transitioning to more efficient cooking methods. Pakistan experiences seasonal gas shortages, worsened by the depletion of natural gas fields at a rate of about 9% annually.
Bboxx CEO Mansoor Hamayun stated, “This partnership with Global Carbon Investments is a game-changer for millions in Pakistan – enhancing health, reducing emissions – a win-win. Born in Pakistan, he said this is personal; technology and partnerships like this improve lives.”
Bboxx’s smart solutions, operational in 11 African countries, have benefited 3.6 million people, providing clean cooking solutions in Rwanda and DRC. Utilizing a network of 2,000 agents, Bboxx’s data-driven platform processes around 56 million digital payments annually. Noteworthy partnerships include Mitsubishi, Shell Foundation, UNCDF, and Trafigura.
Blue Carbon, a UAE-based subsidiary of Global Carbon Investments, aims to enhance the affordability of smart cooking valves by exploring links to carbon finance. The goal is to generate carbon credits under Article 6 compliant methodologies. Further exploration of this potential is expected as Article 6 negotiations gain clarity at COP28.
GCI, based in the UAE, is a climate finance investment vehicle under the Private Office of Sheikh Ahmed Dalmouk Al Maktoum. It announces a strategic partnership with Bboxx, a platform transforming lives through innovative products, particularly in Africa.
Bboxx, a data-driven platform, transforms lives in Africa through clean energy, cooking, smartphones, and more. With strategic partnerships, offering pay-as-you-go solutions to rural and urban communities, impacting over 3.6 million lives in 11 markets.
— ENDS —
About Bboxx
Bboxx is a data-driven super platform, transforming lives and unlocking potential by connecting consumers and deploying innovative products across Africa.
Bboxx is championing the economic empowerment of Africa, accelerating the transition to the digital economy and creating new markets. We have built Bboxx Pulse®, a fully integrated operating system, and combined it with an extensive on-the-ground network to connect customers with clean energy, clean cooking, smartphones, e-mobility and selected financial products – many for the first time.
We are connecting both underserved rural communities and aspiring urban ones with a highly convenient and affordable way to access life-changing solutions, through last mile logistics and data-powered innovative financing methods. We offer our services on a pay-as-you-go basis to households, businesses, and communities, enabling African consumers to unlock their potential.
We build strategic partnerships with investors, utilities providers, global companies, and governments to accelerate growth and provide a wide range of products to consumers in Africa. Our partners are seizing a massive market opportunity by plugging into Bboxx – developed through green tech and big data and designed for scale.
Following the successful acquisition of solar energy frontrunner PEG Africa in 2022, Bboxx is now positively impacting the lives of more than 3.5 million people in 10 operating markets, directly contributing to 11 of the 17 United Nations Sustainable Development Goals. Bboxx and its group of companies is one of the largest networks in Africa, with over 4,000 staff across Africa and offices in the UK and Asia.
For more information about Bboxx, follow us on social channels LinkedIn and Twitter.
For more information please contact:
Bboxx / Impact and Influence
Email: bboxx@impactandinfluence.global
Contact:
Nicholas Moore
nicholas@impactandinfluence.global
+44 7527 695154
