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Since 2016, according to an agreement with the Swiss Confederation, the Climate Cent Foundation has earmarked at least CHF 20 million to support pilot activities with which to concretise and apply Article 6 of the Paris Agreement, which had then just come into force. Article 6 laid the foundation for international cooperation on climate change mitigation, onto which the international community only recently erected a building at the Conference of the Parties to the Paris Agreement in Glasgow.
This building now welcomes its first residents. Funded by the Climate Cent Foundation since 2017 and located in Peru, the pilot activity «Tuki Wasi» has led to the worldwide first purchase agreement for Paris certificates. More specifically, the Climate Cent and the KliK Foundations are acquiring up to 960’000 so-called «Internationally Transferred Mitigation Outcomes» (ITMOs) from programme owner Microsol S.A.S.. Each ITMO stands for one tonne of CO₂ emission reductions achieved by the year 2030.
Over the period 2022 to 2025, the «Tuki Wasi» programme aims to install up to 60'000 energy-efficient cooking stoves in households in remote regions of Peru with high levels of poverty. The stoves make it possible to reduce deforestation, increasing the binding of CO₂ from the atmosphere in biomass. The programme uses calls for tenders to contract companies that commit to installing a defined number of cooking stoves of specified quality.
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