<div dir="ltr">Ron: <br><br>You complain that "<span style="font-size:small;text-decoration-style:initial;text-decoration-color:initial;float:none;display:inline">No mention at any time in the webinar or in the report about charcoal-making stoves (or Tiers)."<br></span><br>But that wasn't the purpose of this report or the money. The report is a<span style="font-size:small;text-decoration-style:initial;text-decoration-color:initial;float:none;display:inline"> "<span> </span></span><span style="text-decoration-style:initial;text-decoration-color:initial;color:rgb(97,97,97);font-family:"Gotham SSm A","Gotham SSm B",sans-serif;font-size:15px;float:none;display:inline"><u>retrospective analysis</u> of the performance of the recently closed<span> </span></span><span style="font-size:small;text-decoration-style:initial;text-decoration-color:initial;float:none;display:inline">"<span> </span></span><span style="text-decoration-style:initial;text-decoration-color:initial;color:rgb(97,97,97);font-family:"Gotham SSm A","Gotham SSm B",sans-serif;font-size:15px;float:none;display:inline">Clean Cooking Working Capital Fund".  </span><br style="font-size:small;text-decoration-style:initial;text-decoration-color:initial"><br style="font-size:small;text-decoration-style:initial;text-decoration-color:initial"><span style="font-size:small;text-decoration-style:initial;text-decoration-color:initial;float:none;display:inline">The CCWCF was meant to provide "loans to creditworthy enterprises".</span><br><br>

<span style="font-size:small;text-decoration-style:initial;text-decoration-color:initial;float:none;display:inline">How many creditworthy enterprises have you identified in your target customer class? For how much loan on what terms, and with what collateral or guarantees? <br></span><br>Would it be possible to put together an alliance of industrial charcoal manufacturers and an aggregator of carbon finance to produce 20 million tons per year (to start with) of high quality char? <br><br>The idea is to a) drive down the price of charcoal in coastal urban African markets and b) to drive climate finance to the benefit of the poor. (Yes, lower fuel cost may reduce the demand for higher efficiency stoves for households, but overall the efficiencies could be greater, even with sea transport of charcoal from Europe or northern America. Climate benefits extra. <br style="font-size:small;text-decoration-style:initial;text-decoration-color:initial"><br style="font-size:small;text-decoration-style:initial;text-decoration-color:initial"><span style="font-size:small;text-decoration-style:initial;text-decoration-color:initial;float:none;display:inline">Would you agree with me that the picture below is of charcoal or coal briquettes (report p. 4)? It is rather mischievous - or deceitful - to show a picture of clean-burning solid fuel while talking only of ethanol and LPG investments. </span><span style="font-size:small;text-decoration-style:initial;text-decoration-color:initial;float:none;display:inline"><span> </span></span><br style="font-size:small;text-decoration-style:initial;text-decoration-color:initial"><br style="font-size:small;text-decoration-style:initial;text-decoration-color:initial"><span style="font-size:small;text-decoration-style:initial;text-decoration-color:initial;float:none;display:inline">As far as I am concerned, charcoal can be burned very cleanly, and wish you and other makers of charcoaling technologies success. Working capital is key to commercially viable products. <span> </span></span><span style="font-size:small;text-decoration-style:initial;text-decoration-color:initial;float:none;display:inline">A </span><span style="font-size:small;text-decoration-style:initial;text-decoration-color:initial;float:none;display:inline">World Bank report last year<span> </span></span><a href="http://www.worldbank.org/content/usergenerated/asi/cloud/attachments/sites/collaboration-for-development/en/groups/clean-cooking-and-heating-solutions/documents/jcr:content/content/primary/blog/scalable_businessmo-VpGI/Scalable-Business-Models-for-Alternative-Biomass-Cooking-Fuels-and-Their-Potential-in-Sub-Saharan-Africa..pdf" style="color:rgb(17,85,204);font-size:small" target="_blank">Scalable Business Model for Alternative Biomass Fuels and Their Potential in Sub-Saharan Africa</a><span style="font-size:small;text-decoration-style:initial;text-decoration-color:initial;float:none;display:inline">, amply recognized the imporance of working capital finance (though not for charmaking as such; your technology is off the radar screen it seems).</span><span style="font-size:small;text-decoration-style:initial;text-decoration-color:initial;float:none;display:inline"><span> <br></span></span><br><br>N<br><br><br><blockquote style="margin:0px 0px 0px 40px;border:none;padding:0px"><br><div><img src="cid:ii_jj1zucap0_16452de411086575" width="494" height="370"><br></div><br><br></blockquote><div class="gmail_extra"><br clear="all"><div><div class="m_7547070892255258159m_-4165008342411763889m_7972930323147267064m_-568042494223666553gmail-m_7538016841135282131gmail_signature"><div dir="ltr"><div><div dir="ltr"><div><div dir="ltr"><div><div dir="ltr"><div><div dir="ltr"><div><div dir="ltr"><div><div dir="ltr"><div><div dir="ltr"><div><div dir="ltr"><div><div dir="ltr"><div><div dir="ltr"><div><div dir="ltr"><div><div dir="ltr"><div><font face="georgia, serif">------------------------------<wbr>------------------------------<wbr>------------<br>Nikhil Desai</font></div><div><span style="font-family:georgia,serif;font-size:small">(US +1) 202 568 5831</span><font face="georgia, serif"><br><i>Skype: nikhildesai888</i><br></font><br></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div>
<br><div class="gmail_quote">On Fri, Jun 29, 2018 at 2:54 PM, Ronal W. Larson <span dir="ltr"><<a href="mailto:rongretlarson@comcast.net" target="_blank">rongretlarson@comcast.net</a>></span> wrote:<br><blockquote class="gmail_quote" style="margin:0px 0px 0px 0.8ex;border-left:1px solid rgb(204,204,204);padding-left:1ex"><div style="word-wrap:break-word"><div>List:</div><div><br></div><div><span class="m_7547070892255258159m_-4165008342411763889m_7972930323147267064m_-568042494223666553gmail-m_7538016841135282131m_8967369613216709722Apple-tab-span" style="white-space:pre-wrap">        </span>No mention at any time in the webinar or in the report about charcoal-making stoves (or Tiers).</div><div>But otherwise sounded good.  </div><div><br></div><div><span class="m_7547070892255258159m_-4165008342411763889m_7972930323147267064m_-568042494223666553gmail-m_7538016841135282131m_8967369613216709722Apple-tab-span" style="white-space:pre-wrap">      </span>They are missing the whole concept of making money while one is cooking.</div><div><br></div><div>Ron</div><div><br></div><div><br></div><br><div><blockquote type="cite"><div><div class="m_7547070892255258159m_-4165008342411763889m_7972930323147267064m_-568042494223666553gmail-m_7538016841135282131h5"><div>On Jun 29, 2018, at 9:58 AM, Ronal W. Larson <<a href="mailto:rongretlarson@comcast.net" target="_blank">rongretlarson@comcast.net</a>> wrote:</div><br class="m_7547070892255258159m_-4165008342411763889m_7972930323147267064m_-568042494223666553gmail-m_7538016841135282131m_8967369613216709722Apple-interchange-newline"></div></div><div><div><div class="m_7547070892255258159m_-4165008342411763889m_7972930323147267064m_-568042494223666553gmail-m_7538016841135282131h5"><div style="word-wrap:break-word">List:<div><br></div><div><span class="m_7547070892255258159m_-4165008342411763889m_7972930323147267064m_-568042494223666553gmail-m_7538016841135282131m_8967369613216709722Apple-tab-span" style="white-space:pre-wrap">  </span>There is a GACC webinar just starting on this report:</div><div><br></div><div><a href="http://cleancookstoves.org/about/news/04-25-2018-new-report-explores-financing-challenges-and-opportunities-to-drive-sector-growth.html" target="_blank">http://cleancookstoves.org/abo<wbr>ut/news/04-25-2018-new-report-<wbr>explores-financing-challenges-<wbr>and-opportunities-to-drive-sec<wbr>tor-growth.html</a></div><div><br></div><div> Announcement at:  <a href="http://cleancookstoves.org/events/480.html" target="_blank">http://cleancookstoves.org/ev<wbr>ents/480.html</a></div><div><br></div><div>Ron </div>
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