Friday, May 06, 2011
THOUSANDS OF UGANDANS TO BREATH EASIER THANKS TO LIFESTRAW® “CARBON FOR WATER™” PROGRAM ON KENYAN BOARDER
Vestergaard Frandsen fully funded the "Carbon For Water™" program (see www.carbonforwater.com), which will be reimbursed with carbon financing. This unique funding model gives companies in developed countries potential revenue, in the form of carbon credits, for sponsoring programs that reduce greenhouse gas emissions in developing countries. Carbon credits can then be sold to carbon credit buyers that want to reduce their carbon footprint or improve their environmental stewardship. The revenue generated will largely be reinvested into the project to make it sustainable for at least ten years.
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