Executive summary: A proposed poverty reduction credit scheme aims to extend the concept of carbon credits to poverty alleviation, improving access to financing and tying funding directly to verified impacts.
Key points:
Poverty reduction credits would create a market pricing validated poverty alleviation impacts in standardized units like people-percent-years.
Key requirements include ex ante committed financing, standardized impact metrics, and verified evidence of impacts without expensive randomized trials.
Example application to Solar4Africa pumps shows how durable, productive assets could justify and earn subsidy financing over time via credits.
Next steps are defining a demonstration project and addressing potential issues like impact validation costs and accuracy in measuring outcomes over time.
This comment was auto-generated by the EA Forum Team. Feel free to point out issues with this summary by replying to the comment, andcontact us if you have feedback.
Executive summary: A proposed poverty reduction credit scheme aims to extend the concept of carbon credits to poverty alleviation, improving access to financing and tying funding directly to verified impacts.
Key points:
Poverty reduction credits would create a market pricing validated poverty alleviation impacts in standardized units like people-percent-years.
Key requirements include ex ante committed financing, standardized impact metrics, and verified evidence of impacts without expensive randomized trials.
Example application to Solar4Africa pumps shows how durable, productive assets could justify and earn subsidy financing over time via credits.
Next steps are defining a demonstration project and addressing potential issues like impact validation costs and accuracy in measuring outcomes over time.
This comment was auto-generated by the EA Forum Team. Feel free to point out issues with this summary by replying to the comment, and contact us if you have feedback.