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Nutrien Enters Carbon Farming Carbon Offset Market (Ind. Report)
Nutrien
Date: 2021-03-12
Saskatoon-based crop nutrient products -- nitrogen, phosphate and potash products -- supplier Nutrien is touting a new "carbon farm" carbon credit pilot program that works with growers interested in producing and selling carbon offsets in voluntary offset markets.

Nutrien was hoping to have about 100,000 acres in Western Canada and the United States corn belt states of Illinois and Ohio subscribed to its "carbon farm" program in 2021.

Under the program, growers will have the option of adopting a variety of agronomic practices scientifically proven to reduce greenhouse gas emissions and can be used to produce offsets ranging from the adoption of minimal tilling low disturbance cropping practices to the use of specialized crop nutrient products such as slow-release fertilizers, nitrogen inhibitors, biological and micro-nutrients, and variable rate fertilizer prescriptions. The entire system will be supported by digital platforms and data collection programs that enable monitoring and quantification.

As the markets for voluntary carbon credits and GHG offsets become more established, it is expected that more farmers and land managers will recognize carbon offsets as a new revenue stream that can supplement net farm incomes, the release notes. Nutrien estimates growers could eventually earn as much as $30 to $50 per acre under its program. Potential revenues will ultimately depend on carbon credit valuations in voluntary markets. (Source: Nutrien Ag Solutions, PR, Website, Mar., 2021) Contact: Nutrien, Mark Thompson, Exec. VP, (306) 933-8500 www.nutrien.com

More Low-Carbon Energy News Nutrien,  Carbon Farming,  Carbon Offset,  Carbon Market,  


Canada Outlines GHG Credit Trading System (Ind. Report)
Environment and Climate Change Canada
Date: 2021-03-10
Reporting from Ottawa, Environment and Climate Change Canada has announced draft regulations to establish the market-based Federal Greenhouse Gas Offset System to reduce carbon emissions, spur innovation and private-sector investment in economic activities that lead to further emissions reductions and create jobs.

The offset rules will be part of the 2018 Greenhouse Gas Pollution Pricing Act, which enabled a sweeping tax on emissions on everything from industrial pollution to home-heating fuel, and will support a domestic carbon trading market under Canada's carbon price for industry -- the Output-Based Pricing System (OBPS) -- under which regulated facilities that exceed their emission limits can provide compensation by purchasing federal offset credits -- an additional lower-cost option -- generated from activities not already incentivized by carbon pollution pricing.

Once established, the Federal Greenhouse Gas Offset System will stimulate demand for projects across Canada that reduce greenhouse gases and generate federal offset credits. The ability to generate and sell federal offset credits creates opportunities for farmers, foresters, Indigenous communities, municipalities, and other project developers to earn revenues from greenhouse-gas reductions and removals.

Protocols for high priority project types are currently under development in parallel to the regulation to give industries additional lower-cost compliance options. For example, under the Landfill Methane Management Protocol, which is currently under development, a municipality could install technology to collect methane that would otherwise be emitted into the atmosphere. The municipality could earn federal offset credits, which it could sell to industrial facilities regulated under the Output-Based Pricing System. Canada is aiming for net-zero emissions by 2050. (Source: Environment and Climate Change Canada, Website PR, Mar., 2021) Contact: Environment and Climate Change Canada, www.canada.ca/en/environment-climate-change.html

More Low-Carbon Energy News Environment and Climate Change Canada ,  Carbon Credit,  Carbon Tax,  GHG,  Carbon Offset,  


EP Votes to Retain Free CO2 Quotas for Industry (Int'l.)
EU
Date: 2021-03-10
Yesterday in Brussels, the European Parliament (EP) rejected proposals to phase out free CO2 pollution credits for industries covered by the EU's Emissions Trading System (EU ETS), even as the bloc plans to gradually replace the scheme with a border carbon tax to shield EU industries from "environmental dumping."

The European Commission (EC) is expected to unveil its proposal for a carbon border tax in June as part of a package of climate laws aimed at cutting the EU's CO2 emissions by 55 pct by 2030. (Source: European Commissions, euractive, 10 Mar., 2021)

More Low-Carbon Energy News EU Carbon Tax,  Border Carbon Tax,  EUETS,  Carbon Credits,  


Carbonics, PowerTap Partner on Carbon Credit Opportunities (Ind. Report)
Clean Power Capital,PowerTap Hydrogen Fueling
Date: 2021-03-05
Further to our 20 Nov., 2020 coverage, Vancouver, British Columbia-based Clean Power Capital Corp. is reporting PowerTap Hydrogen Fueling Corp., an investee company of Clean Power, has partnered with Carbonomics a leader in helping clean tech companies maximize the potential of emission reduction credits in the US and international markets.

Carbonomics will assist PowerTap in securing the certification of its hydrogen fueling co-located stations under the Low Carbon Fuel Standard (LCFS) in California and other environmental trading markets. Specifically, Carbonomics will direct PowerTap's efforts in navigating the independent certification and verification of emission credit project activities.

Carbonomics has a proven track record in developing the pathway or method of effectively quantifying greenhouse gas emission reductions and credit registration and managing the process of monetizing the resulting carbon credits, according to the release. (Source: Clean Power Cap., PR, 2 Mar., 2021) Contact: Clean Power Capital Corp., Joel Dumaresq, (604) 687-2038, info@cleanpower.capital, (604) 687-2038 www.cleanpower.capital; Carbonomics, Seth Baruch, President, www.carbonomicsonline.com

More Low-Carbon Energy News Low-Carbon Fuel,  Clean Power Capital,  PowerTap Hydrogen Fueling,  Carbonnics ,  


CME Launches Global Emissions Offset Futures (Ind. Report)
CME Group, CORSIA
Date: 2021-03-05
Chicago-based derivatives marketplace CME is reporting the launch and availability for trading of its Global Emissions Offset (GEO) futures.

GEO futures, which were designed to help customers manage the risks associated with voluntary decarbonization strategies, are based on the selection criteria and review process developed for the Carbon Offsetting and Reduction Scheme for International Aviation (CORSIA). GEO futures allow for delivery of CORSIA eligible voluntary offset credits from three ICAO approved registries and are listed by and subject to the rules of NYMEX. (Source: CME Group, PR, Mar., 2021) Contact: CME Group, www.cmegroup.com/geo

More Low-Carbon Energy News Carbon Offset,  Carbon Credit,  Carbon Market,  CORSIA,  


BREXIT Fallout -- ICE EU Carbon Trading Leaving London (Int'l.)
Intercontinental Exchange
Date: 2021-02-10
In London, the Intercontinental Exchange (ICE) reports it is moving its trading in contracts for European carbon emissions allowance futures from London to the Netherlands in mid-2021.

"ICE was founded in 2000 to digitize the energy markets and provide greater price transparency. We've been transforming markets, products and processes ever since. By combining our world class technology with our leading data services and operating expertise, we add transparency and enable customer efficiency gains that advance both our networks and solutions for our customers. It is this consistent and strategic approach that has propelled our expansion from a small technology network serving the U.S. power industry just over two decades ago, into a global enterprise that operates networks across the major asset classes", according to the ICE website. (Source: Intercontinental Exchange, PR, Feb., 2021) Contact: Intercontinental Exchange, +44 20 7825 8000, www.intercontinentalexchange.com

More Low-Carbon Energy News Carbon Emisions,  Carbon Credit,  


Lenovo Plans Global Product Carbon Offset Launch (Ind. Report)
Lenovo
Date: 2021-01-06
As part of its ongoing CO2 Offset Services initiative, computer manufacturer Lenovo is touting its recent carbon offsetting scheme for customer purchases of its Think-branded products worldwide. The offset scheme accounts for emissions produced from the manufacture and shipping of each individual product and up to five years of consumer use. Offsets are delivered through projects overseen by the UN and ClimeCo, -- one of the largest producers of US-based carbon credits.

The programme was initially launched as a pilot in the Nordics in February. During the first nine months, customers helped offset 26,000 tonnes of carbon emissions, the equivalent to almost 1,800 European flights.

. Lenovo is focusing on long-term decarbonisation. Last year, the company set science-based targets to halve emissions from its operations and reduce value chain impacts by 25 pct by 2030, with a view to reaching net-zero emissions by 2050. The new targets have been approved by the Science Based Targets Initiative (SBTi) and are aligned to limiting global temperature rise to 1.5C above pre-industrial levels, as envisioned by the Paris Agreement. (Source: Lenovo, PR, edie 6 Jan., 2020) Contact: Lenovo, www.lenovo.com

More Low-Carbon Energy News Carbon Offset news,  Carbon Emissions news,  


Aussie Oil Giant Responds to Climate Change Pressure (Int'l.)
Santos
Date: 2020-12-02
Under pressure from more than 43 pct of its shareholders, Santos, one of Australia's largest oil and gas companies, has announced it will become a "net-zero" emitter by 2040. To that end, the company aims to cut its direct emissions 26-30 pct on 2020 levels by 2030, purchase nature-based offsets such as tree-planting programs, accelerate the deployment of more renewable energy and utilize carbon capture and storage (CCS) technology.

Santos' strengthened targets come as it nears a final investment decision for one of the world's cheapest CCS projects at its Moomba gas plant in South Australia. After completing the final field trial, successfully injecting 100 tonnes of CO2 into a depleted gas reservoir in the Cooper Basin, Santos is now waiting for the Clean Energy Regulator to finalize the methodology for CCS to qualify for federal carbon credits. (Source: Santos, Sydney Morning Herald, 1 Dec., 2020) Contact: Santos, Kevin Gallagher, CEO, Brett Woods, Exec. VP, Low Carbon Operations, +61 8 8116 5000, www.santos.com

More Low-Carbon Energy News CCS,  Carbon Credit,  Carbon Emissions,  Carbon Footprint,  


Carbon Offsets Support Mass. Habitat for Humanity (Ind. Report)
Carbon Offset
Date: 2020-11-11
In the Bay State, Sandwich-based environmental consulting firm Horsley Witten Group has announced a carbon offset donation in support of the not-for-profit Habitat for Humanity's program for energy efficient and affordable new housing slated for construction this year in Orleans. The planned new housing will have a minimal carbon footprint, be highly energy efficient and incorporate renewable energy in construction.

Horsley Witten measured the impact of their annual average 300,000 miles of travel across the country and quantified this footprint to then offset it through local opportunities. (Source: Cape Cod.com, 1o Nov., 2020) Contact: Horsley Witten Group, 508-833-6600, www.horsleywitten.com: Habitat for Humanity, www.habitat.org

More Low-Carbon Energy News Carbon Offset,  Carbon Credits,  


Qatar Airways Carbon Offset Program Takes Off (Int'l. Report)
Qatar Airways ,Climate Car
Date: 2020-11-04
In Doka, Qatar Airways is reporting the launch of its voluntary carbon offset program that allows passengers to offset the carbon emissions associated with their journey with independently verified carbon reduction credits. Emissions will be offset with climate and sustainable development expert ClimateCare.

The program is built on a partnership with the International Air Transport Association's (IATA) Carbon Offset Programme, providing customers to offset emissions. IATA's Carbon Offset Programme has been approved by the independent audit organization Quality Assurance Standard which assesses how organizations calculate emissions, select offset projects and how they communicate this information to their customers. IATA is one of only four organizations worldwide to meet this standard. (Source: Qatar Airways, FTN, 3 Nov., 2020) Contact: ClimateCare, Robert Stevens, CEO, +44 (0) 1865591000, business@climatecare.org, www.climatecare.org: IATA, Michael Gill, Director Aviation Environment, Alexandre de Juniac, CEO, +41 22 770 2967, (514) 874-0202 -- Montreal Office, www.iata.org; Qatar Airways, www.qatarairways.com

More Low-Carbon Energy News Qatar Airways,  Carbon Offset,  Carbon Credits,  IATA,  ClimateCare ,  


Scottish Forest Carbon Offsets Service Launched (Int'l. Report)
CarbonStore
Date: 2020-10-12
Scotland-based forestry company Tilhill reports the launch of CarbonStore, a new service for landowners looking to sell woodland generated carbon credits to companies aiming to offset their carbon emissions. Under the service, landowners will have the opportunity to use the CarbonStore website to openly market their woodland carbon, offering market leading value while also securing an honest price for companies and helping them maximise their carbon offsetting ambitions.

Both Tilhill and CarbonStore are part of BSW, the UK's largest integrated forestry group. Also in partnership with CarbonStore are Maelor Forest Nurseries, a progressive commercial tree nursery and also part of the BSW Group. Together, the partnership can grow the tree seeds, design the new woodland creation schemes, plant the saplings, manage the trees and sell the carbon units. (Source: Tilhill, PR, Scottish Farmer, 11 Oct., 2020} Contact: Tilhill, David McCulloch, +44 0 1786 435000, Fax-- 01786 435001, enquiries@tilhill.com, www.tilhill.com; CarbonStore, +44 1786 649387, www.carbonstoreuk.com

More Low-Carbon Energy News CarbonStore,  Carbon Emissions,  Carbon Offset,  


Forest Carbon Works Raises $5Mn (Ind. Report, Funding)
Forest Carbon Works
Date: 2020-10-07
Forest Carbon Works reports raising an additional $5M in growth capital from AXA Investment Managers Impact Fund: Climate and Biodiversity. The funds will be used to increase membership-based services throughout nation-wide.

Forest Carbon Works delivers premium payments to landowners for long-term conservation and climate outcomes on properties as small as forty acres. As members of Forest Carbon Works, some landowners are already getting paid more than $50,000 each year. Membership payments are substantial because carbon credits generated using the platform are legally recognized by the first enforced cap-and-trade program in the United States.

(Source: Forest Carbon Works, PR, 6 Oct., 2020) Contact: Forest Carbon Works , (415) 475-8966, inquire@forestcarbonworks.com, www.forestcarbonworks.org

More Low-Carbon Energy News Carbon Credits,  Forest Carbon Works,  Carbon Sequestration,  Carbon Emissions,  


Farmers Edge, Radicle Tout Carbon Credit Program (Ind. Report)
Farmers Edge, Radicle Group
Date: 2020-10-02
Winnipeg, Manitoba-headquartered Farmers Edge reports it is partnering with Calgary, Alberta-based Radicle Group Inc., the largest developer of agricultural carbon credits in North America, to create a new, high-tech carbon credit program powered by real-time field data. The partnership combines digital infrastructure and carbon credit expertise to provide growers with field-level sustainability scores, intelligent greenhouse gas (GHG) management tools, and superior market access. Farmers Edge and Radicle will use standards defined by existing protocols, but their data-driven, automated approach transforms the experience for growers, from collection to reporting to payouts.

Under the terms of the partnership, the project will roll out in multiple phases, starting with streamlining existing programs in Canada and evolving into the US market. Radicle will manage the credit development process with a focus on maximizing the value of carbon credits for growers. Farmers Edge will provide the technology for carbon management, including tools to measure sustainability metrics, quantify soil health, track agronomic practices, and identify which carbon credits growers can qualify for.

Farmers Edge has supported growers through the Conservation Cropping Protocol and Radicle has generated over $53 million for Canadian growers since 2015. (Source: Farmers Edge, CropLife, Oct., 2020) Contact: Farmers Edge, Wade Barnes, CEO, (866) 724-3343, info@farmersedge.ca, www.farmersedge.ca; Radicle Group, Alastair Handley, Pres., www.radiclebalance.com

More Low-Carbon Energy News Farmers Edge,  Radicle Group,  Carbon Credit,  


Novozymes Platform Converts Corn Fiber into Ethanol (Ind. Report)
Novozymes
Date: 2020-09-21
Novozymes today announced the launch of Fiberex, a comprehensive platform based on novel enzymes and yeast strains to convert corn fiber into ethanol. Fiberex is specifically aimed at breaking down tough fibers in the corn, providing producers with greater operational flexibility. The technology converts a low-value by-product into high-value, low-carbon fuel while also enabling the production of significantly more corn oil.

According to the release, Novozymes is the technology leader in fiber conversion, enabling new revenue for biofuels producers from low-carbon credits such as in California and EPA's cellulosic RIN credits. Through Fiberex, Novozymes is collaborating with the biofuel industry to further expand the boundaries of corn-based ethanol -- literally breaking down some of the barriers between what is considered conventional biofuels and advanced biofuels.

Novozymes' Fiberex enzymes are specifically designed to break down this complex matrix -- resulting in more corn oil and converting the fiber into simple sugars that are easily converted into ethanol.

As part of the platform announcement, Novozymes is also launching the first Fiberex products: Fiberex R1, a technology specifically designed to provide maximum ethanol in separate fiber-to-ethanol processes, and Fiberex F1, a cellulase enzyme designed to provide fiber conversion for in-process technologies. Additional solutions, to launch in 2021, are in proof-of-concept trials now, according to the release. (Source: Novozymes, Website PR, 16 Sept., 2020) Contact: Novozymes, Brian Brazeau, VP Bioenergy, 646-671-3897 , www.novozymes.com

More Low-Carbon Energy News Novozymes ,  Corn Ethanol,  Ethanol,  


Smithfield Foods Aims for Carbon Negative by 2030 (Ind. Report)
Smithfield Foods
Date: 2020-09-09
Virginia-based pork producer Smithfield Foods has pledged to become the first major protein company to go carbon negative through carbon reduction infinitive s at its 40 company-owned facilities in the U.S. by 2030 without purchasing carbon credits to offset emissions.

. In 2016, the company announced plans to reduce greenhouse gas emissions by 25 pct by 2025 across its entire supply chain and in 2017 launched Smithfield Renewables that united its carbon reduction and renewable energy efforts. The company is known for its anaerobic digestion biogas efforts to turn methane from hog manure into renewable natural gas, The company will also work to sequester more carbon in farmlands and natural ecosystems. It also intends to add more wind and solar energy; streamline distribution routes to reduce miles traveled; reduce energy consumption for refrigeration, lighting and equipment. (Smithfield Foods, PR, 8 Sept., 2020) Contact: Smithfield Foods, Kenneth M. Sullivan, Pres., CEO, Lisa Martin, (757) 365-1980, lvmartin@smithfield.com, www.smithfield.com

More Low-Carbon Energy News Smithfield Foods,  Carbon Emissions,  Carbon Negative,  Biogas,  Methane,  Anaerobic Digestion,  


GreenCollar's Carbon Farming Projects Find Funding (Int'l. Report)
GreenCollar
Date: 2020-09-02
In the Land Down Under, Australia's leading environmental markets project developer and investor GreenCollar reports it has secured funding for a series of carbon farming projects under the Queensland Government's $500 million Land Restoration Fund (LRF). The approved projects will generate roughly $9.5 million worth of Australian Carbon Credit Units (ACCUs) boosting farm-gate returns for regional Queenslanders and deliver multiple environmental and socio-economic co-benefits over the next 15 years.

GreenCollar has more than 200 hundred projects covering over 6 million hectares under the Australian Federal Government's Emissions Reduction Fund (ERF), accounting for approximately 50 pct of delivered abatement across the Australian carbon market to date. With its landholder partners, GreenCollar develops land-based carbon projects and facilitates the sale of the resulting credits to private and public organisations to offset their environmental footprint. (Source: GreenCollar, Mirage, 1 Sept., 2020) Contact: GreenCollar, James Schultz, Co-Founder and CEO, +61 2 9252 9828, www.greencollar.cp.au

More Low-Carbon Energy News Carbon Farming,  Climate Change,  Carbon Emissions,  Carbon Credits,  


Bangkok Considering Thailand Carbon Tax (Int'l. Report)
Thailand
Date: 2020-08-14
The International Energy Agency (IEA) is reporting Thailand, which relies heavily on fossil fuels for its energy needs, is considering carbon pricing in an upcoming Climate Change Act to lead a clean energy transition and green economic development while maintaining energy security, supporting innovation, increasing efficiency and driving retirement of emission-intensive assets. The upcoming Climate Change Act is expected to outline specific instruments to prepare for a national emission trading system, with a cabinet decision due in 2022.

According to the IEA, Thailand's experience of carbon market mechanisms began in 2007, when the government established TGO to implement and manage GHG emissions projects. In 2103, the public body launched the Thailand Voluntary Emission Reduction programme, a baseline and credit programme. By 2020 it had 191 registered projects that are due to reduce emissions by 5.28 Mt CO2-eq annually and the Thailand Carbon Offsetting Program which encourages public and private organisations to calculate their carbon footprint and buy carbon credits to offset their unavoidable emissions.

In 2015 TGO launched the Thailand Voluntary Emission Trading Scheme to serve as a pilot, setting up the infrastructure to develop a national emission trading system and identify gaps and opportunities. The first phase (2015-17) established and tested the market's design features and the measurement, reporting and verification system. During the second phase (2018-20) TGO aims to encourage wider participation and develop participants' trading capabilities.

Thailand is aiming to reduce GHG emissions to 20.8 pct below the business-as-usual level by 2030. (Source: IEA , New Europe, Aug., 2020)Contact: IEA, Fatih Birol, Exec. Dir., +33 1 40 57 65 00, www.iea.org

More Low-Carbon Energy News Carbon Tax,  IEA,  


Shell Australia Acquiring Select Carbon (Int'l. Report, M&A)
Shell Australia
Date: 2020-08-03
In the Land Down Under, Perth-headquartered Shell Australia is reporting it will acquire carbon emissions offsetting specialist Select Carbon. The move is Shell's first acquisition for its nature-focused business division which invests in forests, grasslands, wetlands and other natural ecosystems around the world. The acquisition will contribute to Shell's ambition to be a net-zero emissions energy business by 2050 or sooner.

Select Carbon partners with farmers and other landowners to develop carbon farming projects throughout Australia which aim to reduce emissions and capture CO2 while benefiting biodiversity and local communities. Carbon credits generated through Select Carbon's projects are offered through the Australian government's Emissions Reduction Fund and other markets, creating an additional revenue stream for farmers and landowners, according to the Shell release.

Select Carbon has to date developed and manages a portfolio of over 70 projects covering 9 million hectares across various ecosystems and agricultural uses in Australia, according to the Shell release. The acquisition of Select Carbon is subject to Australian regulatory approvals and expected to close before the year end. (Source: Shell Australia, S&P, 3 Aug., 2020) Contact: Shell Australia, +61 8 9338 6600, www.shell.com.au; Select Carbon, +61 414 334 170, www.selectcarbon.com

More Low-Carbon Energy News Carbon Farming,  Carbon Credit,  Shell Australia,  Select Carbon,  Carbon Credits,  


Climeworks Announces Iceland Carbon Capture Plant (Int'l. Report)
Climeworks
Date: 2020-07-29
Zurich-headquartered carbon capture technology specialist Climeworks AG is reporting its first carbon removal plant located on the slopes of an active volcano in south-west Iceland.

The plant is powered by waste heat from a geothermal energy plant using direct air carbon capture technology (DAC).

Climeworks technology consist of modular CO2 collectors that can be stacked to build machines of any size. Climeworks direct air capture machines are powered solely by renewable energy or energy-from-waste. Grey emissions are below 10 pct, which means that out of 100 tons of carbon dioxide that our machines capture from the air, at least 90 tons are permanently removed and only up to 10 tons are re-emitted, according to the company website. (Source: Climeworks, BTN News, 28 July, 2020) Contact: Climeworks, Jan Wurzbacher, co-founder and co-director, +41 44 533 2999, www.climeworks.com

More Low-Carbon Energy News Carbon Capture,  Climeworks,  Carbon Offset,  Carbon Credit,  Climate Change,  


Aussie Telecommunications Giant Claims Carbon Neutrality (Int'l.)
Telstra
Date: 2020-07-10
Telstra, Australia's largest telecommunications company , reports it has been "officially certified" as as carbon neutral by the Australian Climate Active Program

To reach its goal, the company undertook a range of measures to reduce its emissions footprint, including the purchase of zero emissions renewables generated electricity, improved energy efficiency at some of its operational sites, and the purchase of carbon offsets from overseas, particularly in India, because of a lack of opportunities to invest in local carbon abatement projects. Of the remaining 2.33 million tonnes of Telstra's emissions footprint leftover to be offset 11,000 tonnes was offset using emissions reductions purchased from Australian based projects. (Source: Telstra, PR, July, 2020) Contact: Telstra, www.telstra.com.au; Australian Climate Active Program, www.climateactive.org.au

More Low-Carbon Energy News Carbon Neutral,  Carbon Credits,  


Growing Climate Solutions Act calls for USDA to Lead Voluntary Carbon Credit Markets (Reg. & Leg.)
USDA
Date: 2020-07-08
In Washington, the recently tabled Growing Climate Solutions Act, a bipartisan bill seeking to address climate change by placing the United States Department of Agriculture (USDA) in a leadership role over voluntary carbon credit markets would "break down barriers for farmers and foresters interested in participating in carbon markets so they can be rewarded for climate-smart practices," according to the bill's Senate co-sponsors. While proponents tout the benefits of voluntary conservation practices, critics say the approach will result in limited climate action rather than meaningful change.

The bill creates a certification program at USDA so that farmers and forest landowners can better participate in voluntary carbon credit markets that can help land managers pay for conservation practices, which in turn could help to store carbon in soil, trees, and ecosystem restoration projects.

The bill's lead sponsor, Senator Mike Braun, (R-IN) serving on the Senate Agriculture Committee, is joined by Debbie Stabenow (D-MI), along with Lindsay Graham (R-SC) and Sheldon Whitehouse (D-RI.) The American Farm Bureau Federation, National Farmers Union, National Milk Producers Federation, Environmental Defense Fund, World Wildlife Fund, McDonald's, and Microsoft are among the bill's supporters. (Source: Daily Yonder, 7 July, 2020)

More Low-Carbon Energy News Carbon Credit,  USDA,  Carbon Credit Market,  


CNOOC Reports First Carbon-Neutral LNG Shipment (Int'l. Report)
CNOOC,Shell
Date: 2020-06-24
CNOOC Gas & Power, China's largest liquefied natural gas (LNG) importer, is reporting the purchase of the first of two carbon-neutral LNG shipments under a purchase and supply agreement with Shell. The purchase was offset by carbon credits through nature-based projects in China, Kallanish Energy reports.

The inaugural agreement kick-starts the sale of carbon-neutral LNG through an online trading platform, which the Shanghai exchange described as a "global innovation." (Source: Shanghai Oil and Gas Exchange, Kallanish, 23 June, 2020) Contact: CNOOC Gas & Power, www.cnooc.com.cn

More Low-Carbon Energy News LNG,  Alternative Fuel,  Carbon Neutral Fuel,  Carbon Credit,  


BofA Addresses Climate Change Beyond Bus-as-Usual (Ind. Report)
Bank of America
Date: 2020-04-08
Following up on our 24th Jan. report, the Bank of America's Alex Liftman, global environmental executive, believes “significantly accelerating progress on addressing big global issues like climate change requires going beyond business-as-usual financing to find innovative approaches that can help attract a larger share of capital from a broader set of investors."

In January, BofA reported it achieved carbon neutrality a year ahead of schedule by reducing their location-based emissions by 52 pct since 2010, by purchasing 100 pct of their electricity from renewable sources, and, for unavoidable emissions, purchasing high-quality, third-party verified carbon credits. The bank also plans to transition away from purchasing unbundled renewable energy credits (RECS).

Under its Environmental Business Initiative (EBI), the bank has deployed $145 billion to low-carbon sustainable activities since 2007, with another $300 billion committed to these efforts until 2030. (Source: Bank of America, April, 2020) Contact: Bank of America, www.bankofamerica.com

More Low-Carbon Energy News Bank of America,  Climate Change,  Carbon Neutral,  


Family Forest Carbon Markets Program Launched (Ind. Report)
American Forest Foundation
Date: 2020-03-30
The American Forest Foundation (AFF), in partnership with The Nature Conservancy (TNC), is touting its introduced the Family Forest Carbon Program (FFCP). The program addresses barriers that deter family forest owners from participating in carbon markets while providing companies an opportunity to reduce their carbon footprint.

The Family Forest Carbon Program offers a practice-based approach, where landowners are given incentive payments to implement science-based sustainable forest practices guaranteed to produce additional carbon sequestration. This unique, practice-based methodology takes into account the constraints of small forest ownership, yet is more credible and scalable, to allow small landowners to contribute at a landscape level. The program also provides a range of co-benefits that address biodiversity, forest health, water quality, ecosystem resilience and related issues.

Download Family Forest Carbon Program details HERE . (Source: American Forest Foundation, Sustainable Brands, Mar. Apr., 2020) Contact: Family Forest Carbon Program, Tom Martin, President & CEO, 202-765-3472, tmartin@forestfoundation.org, www.forestfoundation.org

More Low-Carbon Energy News American Forest Foundation,  Carbon Credits,  ,  


ICAO Updates Carbon Credits from Offsetting Scheme (Int'l; Report)
International Civil Aviation Organization
Date: 2020-03-20
The UN affiliated International Civil Aviation Organization (ICAO) reports agreement on rules governing the eligibility of carbon offset programs for the initial pilot phase of the aviation industry's Carbon Offsetting and Reduction Scheme for International Aviation (CORSIA), which runs from 2021 to 2023.

Accordingly, the ICAO will allow airlines to purchase CO2 offset units from six programs under CORSIA in order to meet its emissions reduction targets up to 2023. The approved schemes include the U.N. Clean Development Mechanism (CDM), the Gold Standard and the Verified Carbon Standard. Carbon Offsets under the CORSIA mechanism are set to be established using total emissions for 2019 and 2020 as the baseline.. (Source: ICAO, GreenBiz, 18 Mar., 2020) Contact: ICAO, Secretary General Fang Liu, www.icao.in

More Low-Carbon Energy News Carbon Offset,  Carbon Credits,  Aviation Emissions,  CORSIA,  International Civil Aviation Organization,  


Vietnam Legislation Aimed at Fighting Climate Change (Int'l.)
Vietnam
Date: 2020-03-20
In Hanoi, the government of Vietnam reports the introduction of legislation to reduce the country of 98,000 resident's reliance on coal and advance its greenhouse gas emissions reduction goals, as per the Paris Climate Accord.

The four-pronged legislation includes; cap and trade; a ban on chemicals that destroy the ozone; corporate emission reporting rules; and a database of both emissions and the measures to decrease them. The legislation includes measures to decrease emissions by focusing on reforestation, creating a domestic carbon credit market, and drastically cut coal consumption which presently generates almost one-third of the country's electric power -- figure projected to increase by five times by 2030. (Source: Various Media, VOA Khymer, 19 Mar., 2020)

More Low-Carbon Energy News Carbon Emissions,  Climate Change,  Coal,  Paris Climate Accord,  Vietnam Emissions,  


EY Announces Carbon-Neutral by Year End Commitment (Ind. Report)
Ernst & Young
Date: 2020-01-31
Reporting from London, Ernst & Young Global Limited (EY) has announced plans to be carbon neutral by the year end.

To that end, EY will focus on reducing travel emissions, sustainable procurement practices and purchasing more renewable energy to power EY offices. It will also purchase carbon credits to offset the EY carbon footprint and invest in projects that reduce carbon emissions or remove carbon from the atmosphere, for example reforestation projects. The company is also expanding its global sustainability strategy which will focus on helping clients innovate and use technology to reduce their own carbon emissions, while driving sustainable economic growth. To date the company has:

  • Designed its environmental strategy in alignment with the United Nations Global Compact (UNGC) environmental principles, including measurement and reporting of the EY carbon footprint over the past 10 years.

  • Issued a global environmental statement in financial year (FY) 18, setting the expectation that the global EY network bears a collective responsibility to minimize its environmental impact.

  • Between FY17--FY19, EY decreased office energy emissions by over 11 pct while continuing to grow its business, resulting in a 25 pct reduction in energy emissions per full-time employee (FTE)

  • Over the past 15 years, its market-leading EY Climate Change and Sustainability Practice has supported EY clients' decarbonization and sustainability journeys by helping them implement a range of solutions crossing sustainability, supply chains and reporting.

  • Played a leading role in the World Economic Forum's International Business Council and developed a core set of common metrics and disclosures on non-financial factors to their investors and other stakeholders.

  • Introduced a global supplier code of conduct and procurement environmental criteria to improve the sustainability of products and services.

  • Collaborated with hotel suppliers to reduce waste, emissions and water use from EY people. EY people have dedicated time and skills to accelerate environmental sustainability through the EY Ripples program and helped scale nearly 100 impact enterprises focused on critical socio-environmental issues. (Source: EYGM, PR, 30 Jan., 2020) Contact: EY, Carmine Di Sibio, CEO, Steve Varley, EY Global Vice Chair – Sustainability , Alasdair Gee, Media, +44 (0) 20 7980 0612, Alasdair.Gee@uk.ey.com, www.ey.com

    More Low-Carbon Energy News Ernst & Young,  Carbon Neutral,  Carbon Emissionms,  


  • Aussie PM Climate Change Policy Called to Account (Int'l. Report)
    Australian Prime Minister Scott Morrison
    Date: 2020-01-15
    In the Land Down Under, in response to increasingly vehement criticism of his government's handling of his country's bushfire emergency, Australian Prime Minister Scott Morrison (Lib.) has signaled the government could stop claiming Kyoto carbon credits to "meet and beat" its 26 - 28 pct carbon emissions reduction target. The Prime Minister also declared the government's climate change policy "would be updated without destroying jobs and regional economies."

    To that end, the PM announced the formation of an official inquiry to investigate and make recommendations on emissions reduction and building better resilience and adaption to climate events such as fire, drought, floods and cyclones. However, the PM emphasized, reducing carbon emissions required a "balanced and global response because even if Australia shut down all its power-generation assets, the equivalent amount of emissions would be produced by China in just nine days." (Source:Office of Australian Prime Minister Scott MorrisonFinancial Review, 13 Jan., 2020) Contact: Office of Australian Prime Minister Scott Morrison, www.pm.gov.au

    More Low-Carbon Energy News Australia Climate Change,  Carbon Credits ,  


    Forest Preservation, CO2 Sequestration Partnership Touted (Ind Report)
    Nature Conservancy,USDA Natural Resources Conservation Service
    Date: 2019-11-15
    The USDA Natural Resources Conservation Service (NRCS) and the Nature Conservancy (TNC) are reporting their partnership to support sustainable forests and carbon market development and the creation of the Healthy Forest Reserve Program (HFRP).

    The program offers financial assistance in the form of easement payments for specific conservation actions on private forest and tribal lands in Virginia, Tennessee and Kentucky. Under the program, landowners develop a carbon forest project with TNC and get assistance with carbon credit development and marketing as well as some potential additional income from the sale of credits.

    The program offers a 30-year term and permanent easement options for private landowners or a 30-year contract for tribal lands. The USDA will pay 75 pct of the value of the land enrolled in 30-year easements plus 75 pct of the average cost of the approved conservation practices. Landowners who select the permanent easement option can get 100 pct of the easement value of the enrolled property. (Source: NRCS, Nature Conservancy,CBS 19, 13 Nov., 2019) Contact: Nature Conservancy, Steve Lineman or Greg Meade, (276) 676-2209, (703) 841-5300, www.nature.org; USDA NRCS, Easement Program Manager Diane Dunaway, (804) 287-1634 www.nrcs.usda.gov/wps/portal/nrcs/site/fl

    More Low-Carbon Energy News Nature Conservancy,  Reforestation,  USDA Natural Resources Conservation Service,  


    Qantas to Reach Net-Zero Carbon Emissions by 2050 (Ind. Report)
    Qantas Group
    Date: 2019-11-13
    Australian air carrier Qantas reports it is committed to cap its net emissions at 2020 levels, and to reach net zero emissions by 2050.

    This includes offsetting all net emissions from Project Sunrise, the carrier's plan to operate non-stop flights from the east coast of Australia to London and New York, should the project proceed. This will also extend to domestic flying, meaning that growth on key routes like Melbourne-Sydney will be carbon neutral.

    Qantas will work with industry, research institutions and governments to develop the long-term solutions to significantly reduce greenhouse gas emissions from the aviation industry over the next three decades. The airline currently operates the largest carbon offset program in the aviation industry, with around 10 pct of customers booking flights on Qantas.com choosing to offset their flights.

    This additional investment will see Qantas Future Planet, which is already the largest private sector buyer of Australian carbon credits, support more conservation and environmental projects in Australia and around the world. Existing projects include protecting the Great Barrier Reef, working with Indigenous communities to reduce wildfires in Western Australia and securing over 7000 hectares of native Tasmanian forest.

    Additionally, Qantas will invest $50 million over the next ten years to support the sustainable aviation fuel industry and continue to reduce its emissions through continued investment in more fuel efficient aircraft, more efficient operations and smarter flight planning to reduce fuel burn. (Source: Qantas Group, RusTourism News, 11 Nov., 2019) Contact: Qantas Group, Alan Joyce, CEO, (02) 9691 3636, info@qantas.com, www.qantas.com/au/en.html

    More Low-Carbon Energy News Qantas Group,  Aviation Emissions,  


    UK Carbon Credit Scheme to Incentivize Tree Planting (Int'l)
    DEFRA
    Date: 2019-11-06
    In the UK, the Department for Environment, Food and Rural Affairs (DEFRA) is launching a new £50 million Woodland Carbon Guarantee scheme to boost tree-planting rates to combat climate change. The scheme promises landowners and farmers a long-term income stream to encourage them to create new woodlands.

    The government is committed to planting 11 million trees by 2022, as part of its effort to hit net-zero carbon emissions by 2050 to tackle climate change.

    Under the new scheme, farmers can sell the carbon dioxide they capture by growing trees in the form of Woodland Carbon Units (verified carbon credits) to the government for a guaranteed price every five or 10 years up to 2055/56. (Source: DEFRA, Farmers Weekly, 5 Nov., 2019) Contact: Woodland Carbon Guarantee, www.gov.uk/guidance/woodland-carbon-guarantee; DEFRA, www.gov.uk/government/organisations/department-for-environment-food-rural-affairs

    More Low-Carbon Energy News DEFRA,  Climate Change,  Reforestation,  Carbon Emissions,  


    AirCarbon Touts New Digital Carbon Credits Exchange (Int'l Report)
    Carbon Credit, AirCarbon Pte
    Date: 2019-11-01
    In Singapore, AirCarbon Pte Ltd. reports its newly launched global blockchain-based AirCarbon Exchange will provide a ready supply of credits (EEUs) to airlines and other corporate buyers wishing to acquire CO2 offsets for compliance and voluntary purposes.

    These credits, when approved, will be eligible under the International Civil Aviation Organization's (ICAO) Carbon Offsetting and Reduction Scheme for International Aviation (CORSIA) regime. Each tradable token will be backed by one equivalent tonne of CORSICA-compliant, highly liquid and tradable carbon credits. AirCarbon is applying for the recognized market operator (RMO) licence from the Monetary Authority of Singapore, and aims for the exchange to be fully operational in 2020.

    AirCarbon also operates the AirCarbon Fund, an investment fund which invests in carbon-mitigating projects such as reforestation, methane capture and carbon emissions reduction. Through these projects, the fund intends to generate CORSIA-compliant tradable carbon offsets, which will then be listed on the exchange. (Source: AirCarbon Pte, Business Times, 30 Oct., 2019) Contact: AirCarbon Pte Ltd., www.aircarbon.com

    More Low-Carbon Energy News Carbon Credit,  EEUs,  Carbon Offset,  ICAO,  


    Gulfstream Announces First Carbon-Neutral Flights (Ind. Report)
    Gulfstream
    Date: 2019-10-21
    General Dynamics subsidiary Gulfstream Aerospace Corp. reports the Gulfstream G650ER, Gulfstream G600, Gulfstream G500, Gulfstream G550 and Gulfstream G280 made the company's first carbon-neutral flights, traveling from Savannah, Ga., to Las Vegas using a combination of sustainable aviation fuel (SAF) and carbon offsets.

    The flights used a 30/70 blend of low-carbon, drop-in SAF and traditional, petroleum-based Jet A fuel. The emissions associated with using 70 pct Jet A were more than offset by the company's purchase, for a per-flight-hour fee, of verified emission reduction (VERs) credits through a third-party offset provider. The offsets represented more than 200 percent of the carbon emitted during the trip. (Source: Gulfstream Aerospace Corp., PR, 21 Oct., 2019) Contact: Gulfstream Aerospace, www.culfstream.com

    More Low-Carbon Energy News Carbon Credits,  VERs,  Carbon Neutral,  


    Global Carbon Credits Index Launched in UK (Int'l Report)
    IHS Markit, Climate Finance Partners
    Date: 2019-09-27
    London, UK-headquartered information and analytics provider IHS Markit reports the launch of its Global Carbon Index, the first benchmark for the global price of carbon credits.

    The Index tracks the performance of the largest, most liquid and most accessible tradable carbon markets -- the European Union Emission Trading System (EU ETS), the California Cap-and-Trade Program, and the Regional Greenhouse Gas Initiative (RGGI). The index is calculated using OPIS data and carbon credit futures pricing in those markets.

    The IHS Markit Global Carbon Index was developed in consultation with Climate Finance Partners, a specialist in climate finance. IHS Markit is also well known for its daily OPIS Carbon Market Report, national carbon policies database and for developing industry standard methodologies for greenhouse gas accounting and disclosures. Its research and expertise on carbon policy impact, low-carbon and cleantech technologies and carbon risk management guide companies in energy, petrochemical, automotive, shipping, agriculture and other sectors critical to the global economy. (Source: IHS Markit , 25 Sept., 2019) Contact: IHS Markit, www.ihsmarkit.com

    More Low-Carbon Energy News RGGI,  EU ETS,  IHS Markit Carbon Market,  Carbon Credit,  


    Maritime Shipper NYK Touts First Carbon-Neutral Voyage (Int'l.)
    NYK
    Date: 2019-09-20
    In the Land of the Rising Sun, maritime shipping giant NYK Line is reporting its first carbon-neutral voyage from Japan to the Middle East offset 5,000 tons of CO2.

    The voyage was completed by the car carrier Aries Leader which is equipped with the latest energy-saving technologies, which the company claims reduces CO2 emissions per unit by 30 pct compared with existing large pure car carriers, comparing emissions on a per car basis. In this initiative, the remaining CO2 emissions not yet eliminated by technology were offset by carbon credits. (Source: NYK, PR, Sept., 2019) Contact: NYK Line, www.nyk.com › english

    More Low-Carbon Energy News Maritime Emissions,  Carbon-Neutral,  


    Fiji Proposes Sweeping Climate Change Legislation (Int'l. Report)
    Fiji,Climate Change
    Date: 2019-09-09
    In the South Pacific, the more than 300 island archipelago nation of Fiji, one of the most threatened island nations by the potential ravages of climate change, is proposing new climate change legislation.

    The legislation will introduce a carbon credit scheme, reward climate-friendly infrastructure projects, and a plan for the possible relocation of climate change related threatened coastal communities.

    Fiji, with a population of roughly 910,000, also plans to make 30 pct of its exclusive economic zone a marine protected area with the entire area to be "sustainably managed" by 2030. The legislation is expected to be passed into law before the year end. (Source: Gov. of Fiji, Stock Daily Dish, 7 Sept., 2019) Contact: Fiji Attorney General Aiyaz Saiyed-Khaiyum, en.wikipedia.org/wiki/Aiyaz_Sayed-Khaiyum

    More Low-Carbon Energy News Climate Change,  Climate Change Legislation,  Fiji,  


    Quito Airport Lands Airport Carbon Accreditation (Int'l)
    Airport Carbon Accreditation
    Date: 2019-08-28
    In Ecuador, Quito's Mariscal Sucre International Airport reports it is Latin America's first international airport to achieve carbon-neutral status in ACI's Airport Carbon Accreditation programme.

    The Quito airport Operator, Corporacion Quiport, joined the Airport Carbon Accreditation programme in 2015 and has achieved carbon-neutral status through concrete actions to reduce greenhouse gas emissions, reduce fuel consumption, increase energy efficiency, improve water management, maintain conservation areas for flora and fauna and more. The Quito Airport's 2018 carbon footprint was calculated at 3,273 tons of CO2 emissions, a 41 pct drop compared to 2014 as the base year (5,534 tons of CO2).

    The airport offsets its direct emissions by buying certified carbon credits in sustainable projects including the MANOA REDD+ Project which works to preserve 74,000 hectares of forest in Rondônia State, Brazil. (Source: TASS, World Airport, 27 Aug., 2019) Contact: Airport Carbon Accreditation, +44 845 868 2708, www.airportcarbonaccreditation.org

    More Low-Carbon Energy News Carbon Neutral,  Airport Carbon Accreditation,  


    dynaCERT Touts Fuel, Emissions Reduction Technology (Ind. Report)
    dynaCERT
    Date: 2019-08-23
    York, Ontario-based next generation Carbon Emission Reduction Technology developer dynaCERTdynaCERT Inc.-- the CERT in dynaCERT stands for Combustion Emission Reduction Technology -- reports it is advancing global sales of HydraGEN™ (HG), the next generation of Carbon Emission Reduction Technology for diesel engines.

    Independent TUV testing of dynaCERT HG units confirms emission reduction in NOx of 55 pct, CO of 50 pct, and particulate matter of 75 pct, all while saving fuel, providing better torque, and lowering maintenance costs, according to the company.

    dynaCERT has also initiated Carbon Credit applications for its HG Technology and engaged UK-based International Environmental Partners Ltd for that effort. (Source: dynaCERT, PR, Aug., 2019) Contact: dynaCERT Inc., Jim Payne, CEO, (416) 766-9691 x 2, jpayne@dynaCERT.com, www.dynaCERT.com

    More Low-Carbon Energy News dynaCERT,  Transportation Emissions,  Vehicle Emissions,  


    Carbon Offsets are Not Our Get-Out-of-Jail Free Card , says UN Report (Opinions, Editorials & Asides)
    Carbon Offsets,UN Environment
    Date: 2019-06-17
    According to the UN Environment's Carbon Offsets are Not Our Get-Out-of-Jail Free Card Report , buying carbon credits in exchange for a clean conscience while burning fossil fuels is under fire by private citizens, scientists and activists concerned with the way carbon offsets have been used by polluters as a free pass for inaction.

    Annual emissions have to reduce by 29-32 gigatonnes of equivalent carbon dioxide (CO2e) by 2030 to maintain a fighting chance to stay below 1.5 degree C -- a five-fold increase on current ambitions, the report notes.

    According to the report, carbon offset schemes were set up to allow the largest polluters who exceed permitted emissions’ levels to fund projects, such as reforestation, that reduce CO2 in the air, essentially balancing out their emissions equation. The types of carbon offset projects that are implemented range from forestry sequestration projects to energy efficiency and renewable energy projects (which reduce future CO2 emissions in the atmosphere).

    Carbon offsets are useful while infrastructure and industry make the transition to electric mobility, alternative energy and the new technology necessary for low- and zero-carbon lifestyles. Where there are no viable alternatives in the short term, an offset scheme promises to cancel out the emissions in one place with emission-reducing actions in another.

    Clean Development Mechanism (CDM) credits have also come under fire with a 2016 study found 85 pct of the offsets had a "low likelihood" of creating real reductions, and the UN has struggled to reconcile its support for offsets with evidence that they are problematic.

    Download the UN Carbon Offsets are Not Our Get-Out-of-Jail Free Card report HERE; (Source: UN Environment, Pro Publica, 10 June, 2019) Contact: UN Environment, Niklas.Hagelberg, Niklas.Hagelberg@un.org

    More Low-Carbon Energy News CDM,  Carbon Emissions,  Carbon Offsets,  


    Attis Creating NY Ethanol Plant Green Tech Campus (Ind Report)
    Attis Industries
    Date: 2019-06-07
    Following up on our previous coverage, Georgia-based Attis Industries Inc. reports its recently acquired Sunoco LP's nameplate 100-million gpy corn ethanol plant and grain malting operation in Fulton, New York, will become the centerpiece of its proposed Green Tech Campus. The company will focus on byproduct optimization of the corn ethanol plant and the new production of advanced biofuels and biobased products while also looking to generate "green" power, thus reducing the overall carbon footprint of the Fulton campus and taking advantage of valuable carbon credits to increase the site's profitability.

    Attis plans to immediately begin the process of deploying its patented biorefinery technology to further diversify the biofuel and biobased product manufacturing at the campus. Attis will convert extracted locally sourced woody biomass pulp into cellulosic fuels and lignin into bioplastics, carbon fiber and advanced biofuels like renewable diesel and jet fuel.

    Attis also aims to improve the quality and volume of co-products currently being produced at the Fulton ethanol plant by implementing its patented and licensed corn oil extraction technology that will almost double the current corn oil production yields at the plant and provide an augmented revenue stream. (Source: Attis Industries, DTN, June, 2019) Contact: Attis Ind., Jeff Cosman, CEO, 678-580-5661, www.attisind.com

    More Low-Carbon Energy News Attis Industries,  Ethanol,  Sunoco LP,  


    County Carbon Credit Program Protects Local Forests (Ind Report)
    King County Washington
    Date: 2019-05-13
    In Washington State, King County's newly launched Forest Carbon Program offers Puget Sound area companies the opportunity to offset a portion of their carbon emissions within King County.

    Under the program, King County acquires high-value forests that are at risk of development and then offers buyers the opportunity to purchase carbon credits generated by keeping carbon in the forests. The county will then invest the revenue generated by the program to protect additional forests and offer credits to additional buyers.

    In the first five years of the program, the urban and rural components of King County's Forest Carbon Program will store at least 100,000 metric tons of CO2 that otherwise would have been released into the atmosphere.

    The project will meet standards developed by the internationally recognized Verified Carbon Standard, while the county's urban forest carbon projects meet the standards developed by City Forest Credits, a Seattle-based nonprofit that developed an innovative verification protocol for urban forest canopy preservation.

    Microsoft has committed to purchasing all of the credits from the rural program in its first year to offset carbon emissions from its operations.

    Download program details HERE. (Source: King County Washington, PR, 9 May, 2019) Contact: King County, https://kingcounty.gov

    More Low-Carbon Energy News Carbon Credits,  Microsoft,  Forest Carbon,  Verified Carbon Standard,  


    AurCrest Gold, Lac Seul First Nation Investigate CCS (Ind. Report)
    AurCrest Gold, Lac Seul First Nation
    Date: 2019-05-08
    Toronto-headquartered Canadian minerals exploration specialist AurCrest Gold Inc. reports it and the Lac Seul First Nation are partnering to investigate carbon sequestration opportunities in the First Nation's traditional territory in Northwestern Ontario.

    Lac Seul First Nations seeks to determine the feasibility of valuing their traditional territory for purposes of CCS and monetizing carbon offset credits for sale to the benefit of the First Nation and its business partners.

    AurCrest and its subsidiary Wiigwaasaatig Energy Inc. will work with the First Nation to finalize a definitive carbon credit management agreement to develop and implement sequestration project opportunities. (Source: AurCrest Gold Inc., Accesswire, 7 May, 2019) Contact: AurCrest Gold, www.aurcrest.ca; Lac Seul First Nation, www.lacseul.firstnation.ca

    More Low-Carbon Energy News CCS,  


    British Steel Borrows to Meet Pre-Brexit EU ETS Rules (Int'l)
    British Steel,Bexit
    Date: 2019-05-06
    Following up on our 15th April report on the European Union's decision to suspend Britsh Steel and other UK firms' access to free carbon permits under the EU ETS until a Brexit withdrawal deal is ratified, the UK government reports it has loaned British Steel £120 million to meet its obligations under EU ETS rules allowing industrial polluters to use carbon credits to pay for the previous year's emissions, or trade them to raise money.

    Each free permit gives a firm the right to emit a tonne (1,000kg) of CO2. British Steel claims that it is discussing the impact of Brexit on its business with ministers and officials from the Department for Business, Energy and Industrial Strategy (DBEIS) and is in talks with Department for Business about financial assistance. British Steel has until 30 April to comply with EU emission rules. (Source: British Steel, Insider Media, 2 May 2019

    More Low-Carbon Energy News UE ETS,  Carbon Emissions,  Brexit,  British Steel,  


    BikeFlights Touts Carbon Offset Sustainability Initiative (Ind Report)
    BikeFlights
    Date: 2019-04-24
    Bicycle shipping specialist BikeFlights.com is touting the launch of a new sustainability initiative to reduce and offset the carbon emissions resulting from all of its shipments.

    Under its initiative, BikeFlights.com purchases high quality carbon offsets through its partner carrier UPS which then retires an equivalent amount of carbon offsets from verified carbon reduction projects. Target projects have included improved forest management, methane and landfill gas destruction and wastewater treatment.

    BikeFlights .com has also adopted other environmentally-friendly practices to be more sustainable, including helping to reduce the impact of customer travel, having a remote workforce, reducing its own materials consumption, sourcing boxes locally and recycling. It also works toward the sustainability of cycling as a sport. (Source: BikeFlights.com, PR, BikeBiz, 23 April, 2019) Contact: BikeFlights.com, Sue George, VP, (541) 705-2453, www.bikeflights.com

    More Low-Carbon Energy News Carbon Offsets,  Carbon Credits,  


    Voluntary Carbon Credit Trading Market (Report Available) Production Forecast from 2018 to 2023

    Date: 2019-04-19
    The newly released Global Voluntary Carbon Credit Tradin Market Report -- 2018-2023 report from Market Research covers market characteristics, sizes and growth, segmentation, regional breakdowns, competitive scenario, market share, trends and strategies, key players and other relevant issues.

    The report finds the Asia-Pacific region will occupy for more market share in following years, especially in China, also fast growing India and Southeast Asia regions. In North America, the he United States, will still play an important role which cannot be ignored. Any changes from United States might affect the development trend of Voluntary Carbon Credit Trading.

    The report identifies Top manufacturers/players: Carbon Credit Capital, Terrapass, Renewable Choice, 3Degrees, NativeEnergy, GreenTrees, South Pole Group, Aera Group, Allcot Group, Carbon Clear, Forest Carbon, Bioassets, Biofìlica, WayCarbon, CBEEX, Guangzhou Greenstone. Market Segment by Type, applications (REDD carbon offsets, renewable energy landfill methane projects and others) and regions.

    Report details are HERE. Report Sample Copy HERE; Browse Full Report HERE (Source: Industry Research, Marilyn Coleman, 16 April, 2019) Contact: Industry Research, +1 424 253 0807 / +44 203 239 8187, sales@industryresearch.co

    More Low-Carbon Energy News Carbon Credit Trading news,  Carbon Market news,  

    More Low-Carbon Energy News Carbon Credit Trading,  Carbon Market,  

    More Low-Carbon Energy News Carbon Credit Trading,  Carbon Market,  

    More Low-Carbon Energy News Carbon Credit Trading,  Carbon Market,  


    British Steel Seeks £100Mn to Meet Pre-Brexit EU ETS Rules (Int'l)
    EU ETS
    Date: 2019-04-15
    The BBC is reporting the European Union's decision to suspend UK firms' access to free carbon permits under the EU ETS until a Brexit withdrawal deal is ratified is behind British Steel's decision to seek a £100 million to meet EU ETS rules allowing industrial polluters to use carbon credits to pay for the previous year's emissions, or trade them to raise money.

    Each free permit gives a firm the right to emit a tonne (1,000kg) of CO2. British Steel claims that it is discussing the impact of Brexit on its business with ministers and officials from the Department for Business, Energy and Industrial Strategy (DBEIS) and is in talks with Department for Business about financial assistance. British Steel has until 30 April to comply with EU emission rules. (Source: BBC, Steel Times, 14 April, 2019)

    More Low-Carbon Energy News Carbon Emissions,  EU ETS,  


    Aussies Add 100 Major Polluters to Cap-and-Trade List (Int'l)
    Australia Cap-and-Trade
    Date: 2019-04-01
    In the Land Down Under, the Labour government has announced it will extend its current pollution cap from businesses emitting 100,000 tpy of carbon pollution down to 25,000 tpy as part of its emissions and climate change effort to lower emissions by 45 pct by 2030. With the changes, the existed number of listed major emitters -- excluding farmers -- will rise form 140 to roughly 250, or less than 1 pct of the nation's businesses. Heavy industries such as steel, aluminium and cement will be assisted with a $300 million fund.

    Under the government plan, business will earn credits for reducing pollution below their baselines which they canto sell or carry over to meet their future pollution cap. Business that exceed their caps will will be required to purchase carbon credits to meet their caps. (Source: Financial Review, Various Media, 31 Mar., 2019)

    More Low-Carbon Energy News Australia Carbon Emissions,  Cap-and-Trade,  Carbon Emissions,  


    TPI Questions Global Airlines Emissions Target Commitment (Int'l)
    Transition Pathway Initiative
    Date: 2019-03-06
    In the UK, research from the London School of Ecobomics, Grantham Institute Transition Pathway Initiative (TPI) suggests climate targets set by 20 of the world's largest airlines are not in line with internationally agreed targets to limit average temperature rise to below 2C, as set out in the Paris Agreement.

    The TPI research found none of the airlines assessed had a clear plan for cutting emissions from flights after 2025, with hopes instead pinned on the industry-wide carbon offsetting scheme under which all emissions growth after 2020 would be offset by carbon credits.

    According to the TPI research, aviation currently accounts for around 2 pct of all global CO2 emissions, and around 12 pct of transport emissions. Even so, the aviation industry is expanding and could account for for a quarter of total emissions by mid-century.

    The TPI is an investor-led initiative which uses analysis from the LSE's Grantham Research Institute on Climate Change and the Environment to evaluate how prepared firms are for the coming low-carbon transition. (Source: LSE Grantham Institute, Business Green, 5 Mar., 2019) Contact: LSE Transition Pathway Initiative, www.lse.ac.uk/GranthamInstitute/tpi

    More Low-Carbon Energy News Grantham Institute,  Aviation Emissions,  Climate Change,  


    InCommodities Plans CO2 Emissions Market Expansion (Int'l)
    InCommodites
    Date: 2019-02-27
    In Denmark, Aarhus-based trading house InCommodites reports it will start trading emissions certificates within the next two years, while further expanding its power and gas trading presence across Europe. InCommodities presently trades physical and financial power from day ahead to year ahead in 10 European countries and in six gas markets. (Source: InCommodities, Montel, 25 Feb., 2019) Contact: InCommodities, Jesper Severin Johanson, CEO, +45 6915 7575, mail@in-commodities.com, www.incommodities.com

    More Low-Carbon Energy News Carbon Emissions,  Carbon Credit,  Carbon Market,  


    UK Suspended from EU ETS Pending BREXIT Resolution (Int'l Report)
    EU ETS
    Date: 2018-12-21
    In Brussels, the European Commission (EC) reports that as of January 1, 2019, it has temporarily suspended EU ETS emissions trading system processes related to Britain's convoluted and contentious BREXIT is concluded. Accordingly, the UK Britain will be unable to auction carbon permits, allocate them for free to operators, or exchange international credits for as long as the suspension remains in place, the EC added in a statement.

    From January, any carbon permits issued by Britain will have to be identified by a country code ("marked") but transfers of permits already in circulation in and out of accounts held by UK operators will not be affected by the suspension. If BREXIT is ratified the suspension will be lifted, the EC added. (Source: European Commission, Reuters, 20 Dec., 2018)

    More Low-Carbon Energy News European Commission,  Carbon Credits,  BREXIT,  EU ETS,  

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