Erpa Ödeme Hizmetleri ve Elektronik Para A.Ş.
ERPAs provide significant financial incentives to spur governments, local communities, private sector players, and other stakeholders to participate in and benefit from climate-smart activities. Moreover, ERPAs often show their worth well before payday and well beyond getting countries to reduce the emissions in the agreement. Even early on in its lifecycle, an ERPA can act as a powerful tool to engage the private sector, which can mean long-term economic and social benefits for the communities where programs take place. This is because the financial commitment implied by an ERPA can boost investor confidence, attracting more financiers to a program and, ultimately, drive increased investment and emission reductions.
Erpa ödeme hizmetleri ve elektronik para a.ş
For Ci-Dev, for example, it may start with a company in a country like that sells ethanol cookstoves to rural households that currently burn wood for cooking and heating. Clean, efficient cookstoves are not only good for the environment but also good for business as the emission reductions they deliver can be monetized and sold. The company enters into the ERPA with the buyer (in this case, Ci-Dev) that commits to purchasing the emission reductions that will be generated by households switching from wood-burning to ethanol cookstoves.
Once terms are negotiated and the ERPA is signed, the seller company gets to work. Over time, the company tracks sales and household adoption of clean cookstoves to calculate emissions reductions. It compiles this data into a report that complies with the carbon crediting standard being used, for example, the . A third party audits and verifies the report, which then goes to the United Nations, where the emission reductions are certified, and credits are issued. These credits are transferred to Ci-Dev, which pays the company for the proven results. This process usually occurs annually over the life of the ERPA.
ERPA Ödeme Hizmetleri ve Elektronik Para A.Ş / ERPA Holding
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Erpa Ödeme Hizmetleri ve Elektronik Para A.Ş.
In Madagascar, ERPA proceeds are helping to lower the cost of the stoves, allowing local partners to sell them to households at an affordable price. The company was also able to deploy additional equity investment into the program once the ERPA was signed, as the additional revenues from carbon payments made returns to its private investors sufficiently appealing. The program is showing how carbon revenue can open a market for a sustainably produced clean cooking fuel and efficient cookstoves while leveraging private investment.
Erpa ödeme hizmetleri ve elektronik para a.ş
Even before signing an ERPA, the FCPF requires countries to have a in place specifying how results-based payments for the carbon credits will be shared with Indigenous Peoples and local communities who participate in emission reductions activities in forest landscapes. The local communities and Indigenous groups that live in forested areas are key to the success of these programs. The benefit sharing plan is designed in a consultative, transparent, and participatory manner and reflects inputs from relevant stakeholders, including broad community support by affected Indigenous Peoples. Typically, 80 to 95% of benefits go to local communities in the form of financial payments or small development projects identified by the communities themselves. Countries like Costa Rica have also incorporated into their programs to target more support for women.