1001fontaines and its Cambodian affiliate TeukSaat are delighted to announce that their water purification project has been registered as a CDM (Clean Development Mechanism) project and will generate carbon credits in accordance with the United Nations Framework Convention on Climate Change (UNFCCC). The registration was done with the help of leading sustainability solutions provider and project developer South Pole Group and independent certification authority RINA SERVICES.
This registration is a recognition of 1001fontaines' and TeukSaat's approach to providing safe drinking water in Cambodia, which makes a positive, sustainable contribution to the environment by reducing the use of fossil fuels and the resulting greenhouse emissions. In return for the project's emission reductions, 1001fontaines will receive certified carbon credits. These credits will generate the necessary funding to scale the provision of safe drinking water to additional rural villagers in Cambodia through the setup of local social enterprises.
The project will be furthermore registered under the Gold Standard, whereby the issued credits will receive the Gold Standard label. The Gold Standard label ensures the highest level of environmental integrity, as well as appropriate safeguards, and drives sustainable development in the communities where projects take place.
1001fontaines and TeukSaat are excited about the prospect of using the sales of the project's carbon credits to deploy their sustainable approach to safe drinking water to more villages. The two are working with South Pole Group to create partnerships with organisations interested in purchasing the carbon credits of the project.