Vita is scaling up the Green Impact Fund to provide eight million people in three countries in Africa with sustainable and affordable water, energy and forestry. In May 2023, the VGIF raised $10m as an additional tranche of funding – this €10m will reach 1.3m people with clean water or clean cooking, save 678,000 tonnes of carbon from being generated each year and save or plant 5m trees. This highly significant climate change mitigation programme was recently awarded the prestigious international Keeling Curve Prize for Innovation in Climate Finance.

For more information please contact info@vita.ie

In the “proof of concept” phase launched in 2016, the Fund raised €2m including €1.5m in interest-bearing loans and €0.5m in grants. This was invested to provide sustainable and affordable water (in the form of community water points)  and household energy (in the form of fuel efficient stoves)  to 311,000 rural people in Eritrea and Ethiopia.

In the process, two million tons of carbon emission savings was generated and these emissions are being sold on voluntary carbon markets with the income used to repay investors. The surplus is being reinvested back into the communities which created the emissions savings in the first place, creating a circular model. Additionally, it is estimated that up to 30 million trees were saved by these communities transitioning to more sustainable practices.

The Green Impact Fund has scaled up to a €10m blended finance model  that will provide 1.3 million people in East Africa with sustainable access to clean water and improved cookstoves.  It will generate over 675,000 tonnes of Gold Standard verified carbon emission savings annually, and save/plant over two millions of trees every year.

This is a highly significant climate change mitigation programme. For more information please contact info@vita.ie

Vita’s offsets are accredited by the Gold Standard. To find out more about this process please click here.

To find out more click here.