IEA Plans Funds, Carbon Credit Action for Africa Clean Cooking

The International Energy Agency and partner institutions are set to announce hundreds of millions of dollars in funds and carbon credits to help Africans switch away from cooking methods that harm both their health and the environment.

Governments, companies and institutions will announce financial commitments — the basis for the $4 billion needed annually until 2030 — at the Summit on Clean Cooking in Africa on May 14 in Paris, Fatih Birol, executive director of the IEA, said in an interview. The money will provide clean cooking technologies and fuels.