Nexus : Ethical financing for pro-poor carbon projects
Nexus, GERES www.geres.eu www.nexus-c4d.org
Country of implementation: South East Asia
Nexus, Carbon For Development is an alliance of pro poor project developers whose vision is to use the carbon market to combat climate change and alleviate poverty in a sustainable manner. Low cost clean technologies contribute to both alleviating poverty and mitigating climate change.However they lack appropriate funding mechanism for scaling up and mass dissemination. Current carbon market practices result in poor deals for social project developers, high transaction costs, inequitable risks and liabilities. Nexus is the answer from development practitioners to these challenges. As a member-based not for profit cooperative, Nexus proposes a new vertically integrated approach to carbon finance. Our solution is based on three components: access long term affordable financing, leverage traditional finance by reducing risk and costs, structure the sell side of the market in a fair trade way.