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BURN Unlocks 5.2M CORSIA-Eligible Carbon Credits In Nigeria

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BURN Unlocks 5.2M CORSIA-Eligible Carbon Credits In Nigeria

African clean energy developer BURN has secured formal authorization under Article 6.2 of the Paris Agreement for 5.2 million carbon credits generated by its clean cookstove deployment program in Nigeria.

Following a Letter of Authorization (LOA) issued by Nigeria’s National Council on Climate Change (NCCC), the Gold Standard-certified credits have been tagged as fully eligible for retirement under Phase 1 of the Carbon Offsetting and Reduction Scheme for International Aviation (CORSIA). 

The authorization applies corresponding adjustments under Article 6 rules, ensuring the host country accounts for the underlying emission reductions and eliminating double-counting risks for international compliance buyers.

The credits derive from the distribution of roughly one million fuel-efficient biomass cookstoves manufactured at BURN’s ISO-certified production plant in Kano, which currently operates at an output capacity of 40,000 units per month. BURN and its investment partners have invested over $9.6 million directly into its Nigerian assembly line and field operations to build out the required monitoring and supply chain infrastructure.

The capital stack backing the project draws on strategic financing from Key Carbon and the Cygnum Capital-managed AfricaGoGreen Fund (AGG). 

Key Carbon has allocated roughly $50 million to its Global Cookstoves joint venture with BURN across 19 African projects, with 4.4 million credits from the initial Nigerian LOA earmarked for the venture.

“Every credit under this authorisation represents a Nigerian household gaining access to cleaner cooking, reducing fuel use, improving indoor air quality and easing pressure on forests,” said Peter Scott, Founder and CEO of BURN.



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