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Clean Cooking Forum 2022

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Ed Day

Director, Greencroft Economics

Ed Day is Director of Greencroft Economics with 12 years’ experience applying cutting edge economics approaches to supporting sustainable economic development, focussed on energy access markets and green financing mechanisms. He has led analysis for international development partners, public and private sector financiers, and project developers spanning short and long-term assignments across much of Europe, Sub-Saharan Africa, South and Southeast Asia. Ed’s focus is bringing a pragmatic but robust quantitative lens to sustainable infrastructure market scoping, financial modelling, cost-benefit analysis, and impact evaluations, to contribute to a fairer world that allows innovation to thrive. Prior to founding Greencroft Economics, Ed was a senior manager at Vivid Economics, and holds an MSc in Economics.

Day 0 October 10
Sessions by Ed Day
Day 1 October 11
Sessions by Ed Day
Day 2 October 12
Sessions by Ed Day
11:00 am-12:00 pm
Breakout Room C

Unit Economics of Cooking Solutions: Understanding Critical Cost Drivers for Clean Cooking Business Models

Results-based financing (RBF), particularly through the growth of climate finance and carbon credits, was identified as one of the most promising opportunities of the upcoming decade. While exciting progress has been made to advance RBF for clean cooking in recent years, the value of clean cooking must be better articulated, transaction costs reduced, and participating actors supported for the sector to capitalize on this opportunity. Understanding clean cooking company revenues and costs for each unit of production, i.e., unit economics, is essential for RBF program developers as they determine demand and supply side subsidy levels. In turn, well-structured demand and supply side subsidies will enable existing providers to reach operational viability and commercial sustainability quicker. This improves the overall attractiveness of clean cooking markets for commercial investors and financial markets.

This session will present early findings from recent unit economics research and associated tools, focusing on insights into key drivers of company costs and profitability and recommendations on how best to sequence different capital stacks for each context and business model. This will be followed by a panel discussion reflecting on how the study and tool impact the panelists’ own work.

Watch this session.

Speakers
Ed Day Director, Greencroft Economics
Ada Marmion Director - Partnerships, Knowledge, and Impact, AECF
Rocio Perez Ochoa Co-Founder & Director, Bidhaa Sasa
Farai Seseko Executive Director & Fund Lead, AfricaGoGreen Fund/Lion’s Head Global Partners
Susann Stritzke Senior Research Associate, Modern Energy Cooking Services
Vincent Wierda IDE Energy Lead, UNCDF
Day 3 October 13
Sessions by Ed Day
Day 4 October 14
Sessions by Ed Day
Sessions by Ed Day
Sessions by Ed Day
Sessions by Ed Day
11:00 am-12:00 pm
Breakout Room C

Unit Economics of Cooking Solutions: Understanding Critical Cost Drivers for Clean Cooking Business Models

Results-based financing (RBF), particularly through the growth of climate finance and carbon credits, was identified as one of the most promising opportunities of the upcoming decade. While exciting progress has been made to advance RBF for clean cooking in recent years, the value of clean cooking must be better articulated, transaction costs reduced, and participating actors supported for the sector to capitalize on this opportunity. Understanding clean cooking company revenues and costs for each unit of production, i.e., unit economics, is essential for RBF program developers as they determine demand and supply side subsidy levels. In turn, well-structured demand and supply side subsidies will enable existing providers to reach operational viability and commercial sustainability quicker. This improves the overall attractiveness of clean cooking markets for commercial investors and financial markets.

This session will present early findings from recent unit economics research and associated tools, focusing on insights into key drivers of company costs and profitability and recommendations on how best to sequence different capital stacks for each context and business model. This will be followed by a panel discussion reflecting on how the study and tool impact the panelists’ own work.

Watch this session.

Speakers
Ed Day Director, Greencroft Economics
Ada Marmion Director - Partnerships, Knowledge, and Impact, AECF
Rocio Perez Ochoa Co-Founder & Director, Bidhaa Sasa
Farai Seseko Executive Director & Fund Lead, AfricaGoGreen Fund/Lion’s Head Global Partners
Susann Stritzke Senior Research Associate, Modern Energy Cooking Services
Vincent Wierda IDE Energy Lead, UNCDF
Sessions by Ed Day
Sessions by Ed Day