22 WATCH THE ANIMATION In 2022, 17Capital partnered with carbon specialist Abatable, to purchase quality carbon credits in KOKO Networks that seek to maximise the social impact of our climate contributions. Carbon neutrality 22 22 Source: Abatable and KOKO Networks Case study: KOKO Networks Clean Ethanol Cooking Fuel Kenya Gold Standard Ex-ante: 2022 • Charcoal cooking fuel is the leading driver of deforestation in Africa. To protect Africa’s forests, a large-scale and rapid transition away from charcoal is required. • KOKO is a tech platform that delivers a renewable fuel utility platform of self-service KOKO Fuel ATMs that provide convenient access to ultra-clean fuel at a price that significantly undercuts charcoal. • KOKO’s solution is delivering this transition, using carbon credit proceeds to make smart appliances and clean fuel affordable for even the poorest income segments in Kenya’s rapidly growing cities. KOKO’s solution is modern, clean, safe and affordable, producing no harmful particulate emissions or indoor air pollution. Project impact to date: jobs created by KOKO across Kenya and India small business partners who are primarily women women directly benefitting from improved health conditions In Africa, 600,000 people die each year from indoor air pollution from dirty cooking fuel. This is more than tuberculosis, malaria and HIV/AIDS combined. High polluting charcoal stoves disproportionately pose a risk to women and children who are the main stove users. KOKO’s solution reduces indoor air pollution by 80%, thereby reducing the risk of respiratory diseases for stove users. Over 80% of Kenyan families depend on biomass (charcoal and fuel wood) for primary energy. As a consequence, Kenya loses 10.3 million m3 of wood from its forests every year from firewood and charcoal consumption, a major contributor to the country’s 0.3% annual deforestation rate (Dalberg, 2018). Replacing demand for commodity-driven deforestation-based charcoal through a rapid transition to sustainable cooking fuel is essential in creating real-world forest protection. 22 1,100 1,000 1.1 1,200 1,100 1.2 1,300 1,200 1.3 1,400 1,300 1.4 1,500 1,400 1.5 million