Climate Financed Water Protection
Nature-Based Carbon Credits for Drinking Water
Virridy’s technologies and programs are today reaching millions of people with improved drinking water services in rural communities that have been impacted by climate change. Virridy’s patented sensor technologies and analytics provide greater water access by mobilizing water system operations and maintenance and unlocking climate financing in the form of carbon credit revenues. Virridy’s programs, in tandem with partners at the Millenium Water Alliance and the University of Colorado Boulder, have been recognized for benefitting millions of people globally by the Million Lives Collective, which is run by USAID, the World Bank, the Gates Foundation, UNICEF, and UKAID. Now, Virridy is taking to global scale the benefits of climate finance and sensor technologies for water protection.
The Solution - Climate Financed Water Protection
Nature-based carbon credits and monitoring technologies to protect drinking water globally.
Dedicated climate financing for loss and damage, sourced from national governments, inter-government agencies and, to an increasing extent, U.S. corporations' environment, social and governance (ESG) "net zero" commitments, provide an opportunity to switch capital into a climate reparative infrastructure. This includes reliable, sustainable and affordable water supplies. Virridy has innovated and brought to scale the methodologies and technologies needed to unlock climate finance for water security.
In 2007, Virridy’s CEO led the development and implementation of the first-ever United Nations Clean Development Mechanism program, earning carbon credits for water delivery, followed in 2010 by the first-ever Gold Standard voluntary program. Through these programs, tens of millions of dollars of private financing was leveraged to deliver household water filters to millions of people in Rwanda and Kenya, with revenue from carbon credits largely plowed back into education, repairs and replacements, resulting in significant health, economic and environmental benefits.