SOCIAL OPPORTUNITY
The rocket stove aims to address multiple issues across health, quality of life and environmental sustainability.
Environmental Sustainability – Deforestation is an issue across the globe and residential use of wood for cooking is a large contributor to the cutting down of trees in developing countries. Removal of trees reduces the Earth’s capacity to process the carbon dioxide released from human activity. Additionally, this “stored” carbon is then released when combusted. Carbon dioxide, methane and carbon monoxide is released in the burning of wood – when inefficient combustion occurs, black carbon is emitted. Black carbon is one of the top contributors to global warming.
Health – Respiratory issues associated with cooking are estimated to result in over 4.3 million deaths per year. Current methods of burning fuels for cooking are inefficient, cause a lot of smoke and production of harmful gases.
Quality of life – The smoke from inefficient combustion also results in significant discomfort during cooking, causing itchy eyes, coughing and carbon (soot) on the walls and roof.
SOCIAL OPPORTUNITY
Sustainable Development Goal Targeted: Sustainable cities and communities, responsible consumption and production
Waste Management Consulting aims to address several issues in emerging economies:
Health effects- lack of reliable government waste disposal results in harmful, toxic air due to the burning of rubbish. This negatively affects the living conditions of people residing in high density urban areas, the cities which house the majority of the population. Families and young children are particularly susceptible to the negative health impacts of frequent burning rubbish.
Environmental degradation- waste disposal that does exist in developing countries mostly results in landfill without any consideration of alternate methods. Within developing countries like Timor-Leste there is no concept of recycling let alone operational practice. At this stage there is no sustainable way to repurpose materials in Timor-Leste as an example.
Social degradation- ineffective waste management creates an eyesore in cities, reduces the attractiveness of the locale for tourists/foreign investment and sucks productive time in removal or processing. Beachside and streetside restaurants and hotels suffer from loss of customers due to the litter and burning outside. Workers in industries dependent on the environment, like scuba instructors depend on marine systems, suffer as their place of work deteriorates over time.
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Bridging the gap between small to medium businesses in developing countries and loan providers.
Vision: Thriving business ecosystem accessible to all.
PROBLEM
Business owners struggle to understand the information required by loan providers to be approved for a loan. As a result, they often have significant delays in getting their loans approved, or receiving rejection, due to the documentation needed.
On the flipside, lenders and financial institutions find it difficult to risk profile their customers, as many of them don’t have the financial reporting and accounting information necessary to justify taking the risk of working with them.
PEV aims to improve access to capital for small to medium businesses and consumers seeking to get loans.
Biodigester to utilise agricultural waste in food production.
Vision: Sustainability in food preparation
PROBLEM
- 3 Billion people around the world still cook over open fires.
- 3.8 million people a year die prematurely from illness attributable to household air pollution
- Smoke inhalation from household cooking is the second largest contributor to ill health in the world
- Exposure to household air pollution almost doubles the risk for childhood pneumonia and is responsible for 45% of all pneumonia deaths in children less than 5 years old.
PE Ventures has worked in Fiji and Timor-Leste in the cooking stove and cooking fuel space for two years. Our research has found that education and understanding of effective cook stoves and fuels is limited and thus developed a more effective cook stove for those still using biomass. In having success with this design, PE Ventures intends on assessing whether this proven product can be translated across into the context of India with an additional focus on the potential use of a bio-digester (research and Intellectual Property of University of Adelaide).
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