TBN National Conf. '11 - Greg Spencer - The Paradigm Project


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Greg Spencer talks about the Paradigm Project, a for-profit business providing healthy, efficient stoves to Africa that drastically reduces a family's consumption of wood and inhalation of smoke and improves their economic stability.

Not only does The Paradigm Project help the poor, it leverages billions of dollars of value in the carbon markets, reduces deforestation, and changes the paradigm faced by many that creating profits from the poor cannot profit for the poor.

Be sure to check out the other presentations, videos and audio recordings from the conference at www.tbnetwork.org/uknc11/media

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TBN National Conf. '11 - Greg Spencer - The Paradigm Project

  1. 1. Paradigm East Africa, L3C<br />Impact • Conservation • Financial Return<br />$15M Carbon Offset Impact Opportunity<br />
  2. 2. There are 6 billion of us in the world.<br />>2.5 billion of us still cook every meal <br />over open fires fueled by coal, wood <br />and charcoal. <br />
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  7. 7. Kenya Social Output Projections<br />Lives Impacted 2,000,000<br />Productive Hours Saved 191,000,000<br />$ Equivalent at $0.12/hr: $23,000,000<br />Trees Saved 5,300,000<br />tC02e avoided 1,500,000<br />Income Saved (Fuel Costs) $4,600,000<br />Community Share of Cash Flows $2,800,000<br />TOTAL $‐Equivalent Value to Community $31,000,000<br />
  8. 8. Non-profit Implementing Partners<br /><ul><li>Established non-profits with more than 100 years of combined experience
  9. 9. Deep expertise in community mobilization and empowerment
  10. 10. Large operations on multiple continents
  11. 11. Highly respected names through which branded projects and carbon offsets can be developed for the carbon markets</li></li></ul><li>Impact Investing Carbon Monetization Model<br />
  12. 12. A Strategy for Scale & Impact<br />Reassembling the puzzle rather than reinventing the wheel:<br />Deploying efficient cook stoves in the developing world to reduce deforestation, increase economic prosperity and improve health is not new or innovative.<br />Mobilizing donors, non-profit organizations and local stakeholders to create social impact in the 3rd world is not new or innovative.<br />Generating competitive investor returns through the creation, verification and sale of carbon offsets is not new or innovative.<br />Combining these three proven models to generate triple bottom line returns for investors and developing world communities is both new and innovative<br />
  13. 13. Paradigm Kenya Performance<br />PROJECTED:<br />Start Date: June 2010<br />Donor Investment: $750,000<br />Equity Investment: $2.25 mm<br />Projected IRR: 22%<br />Time to 1st Distribution: 4 years<br />Commitment Period: 10 years<br />MILESTONES TO DATE:<br />>20,000 stoves sold at subsidized rates<br />20+ local manufacturing and sales jobs created<br />First 4 years of offsets pre-sold at 15% premium over projections<br />Demand = 4x projected 2011 sales volume<br />
  14. 14. Paradigm Impact Investing Advantage<br />Combination of competitive social and financial returns draws investment capital that would otherwise be directed elsewhere.<br />Donor and grant funding is invested alongside private equity capital, with the return going to create further social impact.<br />Donors are purchasing project equity on behalf of participating communities, multiplying their gift many times over.<br />Projects deliver immediate triple bottom line benefits while generating revenue to scale and sustain impact.<br />
  15. 15. For more information or to talk to someone about customizing your involvement, contact:<br />Neil Bellefeuille (719) 433-0639<br />Greg Spencer (801) 554-8555<br />