"Few challenges facing ... the world are more urgent than combating climate change"
Barrack Obama, November 2008

we all need to CH4NGE

Two of the 21st century's biggest challenges are global climate change and the need to improve the standard of living of the world's poorest people - over half the world's population live on less than $2.50 per day.

Energy use is one of the main causes of climate change. Access to energy is also one of the most important factors that will enable the world's poor to improve their standard of living. The development of sustainable, affordable and climate-friendly energy projects is therefore a global priority.

At CH4NGE we work in partnership with NGOs and technology providers based in the developing world to finance and develop energy projects that both alleviate poverty (or have other sustainable development benefits) and reduce greenhouse gas (GHG) emissions. The verified GHG savings created by these projects (carbon credits) are sold to governments, companies and NGOs globally and the income generated is used for project funding.

We provide our partners with the planning, technical and carbon market expertise required to develop Clean Development Mechanism (CDM) projects under the UN's Kyoto Protocol. We focus on developing projects that can also achieve Gold Standard carbon accreditation as this provides third party assurance that projects have tangible development benefits.

Climate change - the background

Human activities are causing climate change and 192 countries are working together to reduce global GHG emissions. read more >


The Clean Development Mechanism

The CDM was introduced by the UN to encourage clean and sustainable investments in developing countries and to help industrialised countries to fulfil Kyoto climate commitments. read more >


The Gold Standard

The Gold Standard was established by a number of charities including the World Wide Fund for Nature (WWF) to provide independent assurance that CDM projects both reduce GHG emissions and improve the standard of living of the World's poor. read more >

The Gold StandardUN FCCC
"policy-makers,..the business community, politicians, and activists ...have the opportunity to not only mitigate the risks of climate change, but in doing so, build a global low-carbon economy that can deliver benefits for all the citizens of the world"
UK Secretary of State for International Development, Rt. Hon. Douglas Alexander MP, January 2009

what we do

Project development

We work in partnership with local project developers, our role typically includes:
  • Assistance with project design
  • Provision of project finance
  • Provision of technical expertise necessary to take projects through CDM and/or Gold Standard development cycles

Supply of premium quality carbon credits

CH4NGE is able to supply high quality carbon credits certified to CDM and Gold Standard accreditation. Whether you are a regulatory compliance or voluntary buyer you can be assured that:
  • Our projects are certified to the UN's CDM and/or Gold Standard
  • Our projects give rise to real reductions in GHG emissions
  • Our projects are independently verified by the world's leading environmental auditors
  • Our projects have a real impact on improving the livelihoods of the world's poor

Accreditation standards

At CH4NGE we focus on developing projects that can be accredited to CDM and Gold Standard. There are a variety of accreditation standards but we believe that these two collectively assure the social and environmental integrity of projects. read more >


Project development cycle

Our projects undergo a rigorous project development cycle that involves approval by environmental auditors, the UN and the Gold Standard.


Development benefits

We focus on projects that can contribute to at least one of the UN's Millennium Development Goals. read more >

who we are

CH4NGE is a joint venture between CarbonAided Global and Turquoise Capital. The CH4NGE team has been involved in the development of numerous CDM and voluntary offset projects (delivering more than 20 million tonnes of verified emissions reductions). CH4NGE team members have, in addition, long-run experience of appraising, designing, financing and implementing renewable, sustainable energy and poverty reduction projects in Africa, Asia and elsewhere.

Myfanwy Price-Jones (Managing Director)

Myfanwy has 12 years experience in the carbon markets, assisting clients to raise over US$1bn for carbon related investments...

read more >

These include industrial and building energy efficiency, methane recovery, renewables, fuel switching, forestry, etc. She has helped clients to develop CDM and voluntary offset projects that have delivered more than 20 million tonnes of verified emissions reductions including one of the first two large scale CDM projects to gain UN approval (Salvador da Bahia landfill gas recovery project) and the largest credit purchase agreement awarded under the Dutch government's CERUPT programme. She has in addition advised the governments of the UK, Ireland and the European Commission on the design and implementation of the CDM and emissions trading.

Ian Thomas (Chairman)

Ian is a partner in Turquoise Capital. He has 17 years corporate and project finance experience at Turquoise, Deutsche Bank, Robert Fleming...

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He is also a board director of Close Brothers Corporate Finance. Ian has particular expertise in energy finance (oil & gas, petrochemicals and clean energy), project finance and private equity fundraising for early stage companies. He was a founder Director of Controlled Power Technologies.

Dick Jones OBE (Development Director)

Dick is an expert on sustainable development issues. He was Senior Energy Advisor to the UK Department for International Development for 22 years...

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Dick also worked as a consultant on the Global Village Energy Partnership programme, an initiative that provides funding for sustainable energy projects in the developing world and that provides him with regular visibility of potential CDM project opportunities. In 2002 he was responsible for developing DFID's paper "Energy for the Poor" raising awareness of the importance of the provision of energy services to support the achievement of development goals in the run up to the World Summit on Sustainable Development held in Johannesburg. Dick has extensive experience dealing with UK and overseas government departments, UN and World Bank and other development organisations. Dick was awarded an Order of the British Empire (OBE) for services to international development in 2000.

Francis Wright (Finance Director)

Francis is a partner in Turquoise Capital. Previously, he worked in fixed income at Merrill Lynch, in leveraged finance at the Royal Bank of Scotland...

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Francis has also worked for Close Brothers Corporate Finance. Francis has experience of corporate, project and acquisition finance and is a specialist in financial analysis and raising funds for early stage companies. He was also a founder Director of Controlled Power Technologies.

Philip Mann (Technical Director)

Philip is an expert in the design, management and implementation of sustainable energy projects in the developing world...

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His particular expertise is in cookstove, biomass, renewable energy, energy efficiency and programmatic CDM projects. Philip has 19 years experience devoted to strategic consultancy, policy development and programme management in the energy and climate change fields. He has previously worked for the University of Oxford, Environmental Change Institute; the European Commission (energy policy adviser in DG Development); the International Energy Agency and ETSU (part of AEAT) managing UK Government energy programmes. He has, in addition, worked as an independent consultant for clients including BP.

CarbonAided Global

CarbonAided Global is an ethical company that helps business, individuals, charities and NGOs to reduce their impact on climate change. read more >


Turquoise Associates

Turquoise Capital is an investor in energy and environmental businesses. read more >


Interested to join the team at CH4NGE?

A bio-digester being built
A bio-digester being built
The Gold Standard
UN FCCC
The Ashden Awards

case studies

Rural Indian biogas projects

CH4NGE has plans to initiate 9 projects over the next 12 months, the first two of which will involve the installation of household bio-digesters in rural parts of India. The bio-digesters convert cattle manure and household waste into a clean bio-gas that is used for cooking. The bio-digesters also produce a waste slurry that is an organic fertiliser that increases crop yields for the farming households.

The projects involve the development of bio-digesters in 20,000 households in the Hassan and Kolar districts of the Indian state of Karnataka. CH4NGE is working with SKG Sangha, an India NGO that has installed over 60,000 biogas units in the region over the last 15 years.

The projects will collectively reduce GHG emissions by 120,000 tonnes of CO2e per year and are in the process of being validated as CDM projects. In addition, Gold Standard certification is being sought for the projects due to their strong sustainability benefits:
  • Improving the livelihoods and living conditions of poor rural households by replacing traditional wood burning stoves that produce smoke which is harmful to the health. The World Health Organisation estimates that over 1.5 million people worldwide, mostly women and children die prematurely each year as a result of inhaling cooking smoke.
  • Using biogas frees up considerable time for women and children who currently spend up to 3 hours per day collecting fire wood
  • The projects reduce the use of unsustainably harvested fuel wood, preventing deforestation
  • Local people are employed to build the bio-digesters
  • The projects use local building materials

The bio-digester process

Cattle manure, mixed with household waste water, is fed into a bio-digester, where it decomposes in anaerobic conditions producing methane. This is captured and used as a fuel for cooking. Biogas cookers will replace traditional inefficient wood-burning cooking stoves. The project will reduce GHG emissions by:
  • Avoiding the burning of non-renewable biomass and kerosene
  • Capturing methane produced from cattle manure and organic waste that would otherwise have been released into the atmosphere.
GHG reductions are expected to amount to around 6 tonnes of CO2e per bio-digester per year. The projects will collectively reduce GHG emissions by 120,000 tCO2e per annum.

For further information please see the project due diligence documentation on the UNFCCC website:

Kolar Biogas Project

Hassan Biogas Project


A similar project developed by SKG Sangha in a nearby district won an Ashden Award for sustainable energy in 2007. Full details of that project including a video and technical report can be found on www.ashdenawards.org.

contact us

Address

Grosvenor Gardens House
35-37 Grosvenor Gardens
Belgravia
London
SW1W OBS
United Kingdom

Email

Telephone

+44 20 7953 4051

Fax

+44 20 7953 4067

CH4NGE is a joint venture between CarbonAided Global and Turquoise Capital.

CarbonAided Global

CarbonAided Global is an ethical company that helps business, individuals, charities and NGOs to reduce their impact on climate change. read more >


Turquoise Associates

Turquoise Capital is an investor in energy and environmental businesses. read more >


Interested to join the team at CH4NGE?