First Climate Project Certified Under Fairtrade Climate Standard
The Fairtrade Climate Standard is an innovative scheme developed by Fairtrade International in partnership with Gold Standard – the leading certification standard for climate and development. The project aims to improve living conditions for the communities in Lesotho, and to strengthen them against the impacts of climate change.
The Fairtrade Climate Standard enables vulnerable communities in developing countries to reduce emissions while also strengthening themselves against the effects of climate change. The Fairtrade Minimum Price ensures the costs of running the project are covered, while an additional Fairtrade Premium is paid directly to the village communities to be invested in local climate adaptation initiatives of their choice. For businesses, Fairtrade Carbon Credits can help in taking responsibility for their carbon footprint by offsetting any unavoidable emissions.