The Project is certified by the well renowned Gold Standard. The positive impacts cover a wide range of social, environmental, and economic benefits, and are carefully measured and reported as contributions to achieve the United Nations Sustainable Development Goals (SDGs). So far, the Utsil Naj project has verified contributions towards 11 of the United National Sustainable Development Goals. Below you will find the latest figures obtained during the last project verification review.
Utsil Naj is one of two Microsol’s programmes, which have been operating for the past 15 years within the Voluntary Carbon Market (VCM) and for which Microsol provides technical and commercial services. Our sustainable business model is based on the transparency and traceability of social and environmental impacts, as well as the financial flows generated by our programmes. Our carbon credit price is defined based on the production costs to achieve a proper revenue sharing and the long-term sustainability of our programmes. 100% of our selling price is reinvested in our project life cycle.
The carbon finance received through the sale of Gold Standard-certified carbon credits, funds the maintenance and sustainability activities of our programmes. It is essential to our progress as these project activities would not otherwise be financed.
Microsol has been working for more than 16 years in Latin America, contributing to global sustainability through the implementation of Improved Cookstoves (ICS) Programs that reduce Greenhouse Gas Emissions (GHG) at the source. We manage two carbon certification Programs in the voluntary market, Qori Q’oncha in Peru, and Utsil Naj in Central America (Mexico, Guatemala and Honduras), both responding 7 and 11 Sustainable Development Goals (SDGs) respectively. Qori Q’oncha is a pioneering Program as it was the first program certified by the Gold Standard in Latin America. Our programs take into account local factors and contexts, which enables a greater impact on the community and the well-being of participating families. As a result, more than a decade since the installation of the first Improved Cookstove Program (Qori Q’oncha), we continue to have a profound impact on many rural communities. However, we must ensure that this impact endures. As a result, revenues from the sale of carbon credits are entirely reinvested in our Programs.