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Nordic Oil Producer Commits $800 Mn to Reaching Carbon Neutrality (Int'l. Report))
Lundin Energy
Date: 2021-09-15
Stockholm-headquartered oil and gas company Lundin Energy AB reports it has committed $800 million to reach carbon neutrality, 70 pct of which has already been spent on electrification of the Johan Sverdrup and Edvard Grieg platforms and three renewable energy projects. As a result, the company's main producing assets will be at an industry leading low level of approximately 1 kg CO2 per boe, over 15 times better than the industry average by the end of 2022.

Additionally, through the sourcing of high quality, proprietary natural carbon capture projects and carbon credit offtake agreements, all future residual emissions will be neutralised. Alongside significant reductions in Scope 1 and 2 emissions, the Company is also actively reduce Scope 3 emissions for which it has influence or control over, such as through a hybrid support vessel fleet and the sourcing of carbon neutral materials. (Source: Lundin Energy AB, PR, 15 Sept., 2021) Contact: Lundin Energy AB, Nick Walker, CEO, Tel +46 8 440 54 50, www.lundin-energy.com

More Low-Carbon Energy News Lundin Energy,  Carbon Emissions,  Carbon Neutrality,  


Survey Finds Interest in Farm Carbon Capture Low (Ind. Report)
Corte Agriscience
Date: 2021-09-03
A recent Corte Agriscience survey of 600 row-crop farmers in the U.S. notes that farmers say they need a subsidy of $40 per acre to adopt carbon-capture technology to curb global warming. Sixty-six per cent of the farmers surveyed said they have already implemented soil health practices such as using cover crops and/or reduced tillage that would qualify them to enroll in most carbon programs. Even so, participation in carbon-capture programs remains low. With 72 pct of respondents aware of carbon offerings, only 3 pct are enrolled in a carbon sequestration program.

According to the survey, "Many farmers indicate that they would consider a carbon program if the payout per acre reached $20; however, it isn't until the payout per acre would reach an estimated $40 that the majority said they would commit to participation in a program." (Source: Corte Agriscience, Sept., 2021) Contact: Corte Agriscience, Ben Gordon, portfolio lead for Carbon Ecosystems and Services, (833) 267-8382, www.corteva.com

More Low-Carbon Energy News Carbon Capture,  Carbon Crops,  Carbon Credit,  


Corteva, Indigo Ag Collaborate on Farm Carbon Credit (Ind. Report)
Corteva
Date: 2021-09-01
Wilmington, Delaware-headquartered Corteva Agrisciences Inc, a seed and farm chemicals firm, is reporting a partnership with farm technology and services provider Indigo Ag to expand its U.S. agricultural carbon credits program for the 2022 season. The Corteva Carbon Initiative would initially pay farmers $15 per acre for switching to practices that pollute less, use fewer pesticides, or grow crops that extract carbon from the atmosphere and lock it in the soil.

Corteva's two-crop pilot study in three states this year will be expanded to an 11-state program covering 17 different crops as part of the agreement. Using soil tests and farming data such as planting dates, seed kinds, fertilizer treatments, and weather, the software will predict how much carbon is trapped and sequestered.

Farmers must sign up for a minimum five-year term, with payments made progressively over that time to guarantee that carbon is not re-released if the soil is tilled, for example, Farmers will receive 75 pct of the credit's worth, with the remaining 25 pct going to the businesses to cover administrative costs

. Corteva, Inc. is a publicly traded, worldwide pure-play agriculture company that offers farmers around the world the industry's most comprehensive portfolio, including a well-balanced and diverse mix of seed, crop protection, and digital solutions aimed at increasing productivity and profitability. (Source: Corteva, Inc., PR, Aug., 2021) Contact: Corteva, Inc., (833-267-8382), www.corteva.com

More Low-Carbon Energy News Corteva,  Carbon Credit,  Carbon Crop,  


AIR TO EARTH Offers Carbon Removal for Consumers (Ind. Report)
AIR TO EARTH
Date: 2021-08-20
New York-based AIR TO EARTH LLC® (A2E) is offering permanent carbon removal subscription plans that deliver measurable emission reduction results and advance the removal of legacy emissions using a three pillars approach -- pollution rights removal, natural carbon removal and technology innovation of direct air capture, an emerging pathway for removing CO2 directly from the Air for use or storage.

A2E issues, registers, and retires A2E carbon removal offsets on behalf of individuals, corporations and institutions seeking a measurable and low-cost way to offset difficult to abate carbon emission. Each A2E CRO represents one metric ton of avoided carbon emissions and is backed by carbon pollution rights that are permanently removed from use under an emissions reduction framework validated by 11 U.S. States and the U.S. EPA.

A2E has partnered with Kiss the Ground, Restore America's Estuaries and Texas A&M Energy Institute to advance natural carbon removal and innovate direct air capture. (Source: AIR TO EARTH, PR, 18 Aug., 2021) Contact: AIR TO EARTH LLC, Joseph Stark, Founder and CEO, 914.924.5505, jstark@airtoearth.com, www,airtoearth.com

More Low-Carbon Energy News Carbon Offset,  Carbon Credit,  AIR TO CARBON,  


JSSI, Avfuel Help Clients Offset Aviation Emissions (Ind. Report)
Avfuel
Date: 2021-08-18
Chicago-headquartered Jet Support Services Inc. (JSSI) reports it is joining the industry push toward a more sustainable future by enabling clients to evaluate and reduce net carbon emissions by providing an online CO2 calculator to estimate emissions and facilitating an option to purchase carbon credits to offset emissions, and boost the adoption of sustainable aviation fuel (SAF) through Ann Arbor, Michigan-based aviation fuels and services provider Avfuel Corporation.

Each carbon credit purchased will offset one metric ton of CO2 emissions through direct investment in a selection of carbon offset projects that meet the requirements of either the United Nations or the Gold Standard.

Avfuel calculates carbon credits based on an industry-standardized formula, measured in accordance with the Greenhouse Gas Protocol and the ISO 14064 Standard, and utilizes CO2 emission coefficients as assigned by the U.S. Energy Information Administration. (Source: JSSI, PR, Aviation Pros, 16 Aug., 2021) Contact: Avfuel Corp., Keith Sawyer, Manager of Alternative Fuels, 734-663-6466, ksawyer@avfuel.com, www.avfuel.com; JSSI, Neil Book, CEO , www.jetsupport.com

More Low-Carbon Energy News Avfuel,  SAF,  Aviation Biofuels,  Carbon Offset,  Carbon Credit,  


South African Agri-Sector Carbon Credit Program Launched (Int'l.)
Climate Neutral Group
Date: 2021-08-18
Utrecht, Netherlands-based global environmental consultancy Climate Neutral Group (CNG) reports it is managing South Africa's recently launched AgriCarbon Programme, the country's first internationally recognised carbon offset programme for the agricultural sector.

The AgriCarbon Programme provides farmers with an additional source of income by helping them certify and sell high-demand agricultural carbon credits. CNG determines the amount of carbon credits generated on the farm through soil data which is submitted to the carbon auditor and finally the Verra carbon standard. Including multiple farms under the AgriCarbon Programme substantially reduces carbon development and auditing costs per farm, thereby maximizing income to the farmers. (Source: Climate Neutral Group, PR, Engineering News, 18 Aug., 2021) Contact: Climate Neutral Group, +31 30 232 6175, www.climateneutralgroup.com

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


AirCarbon Exchange Reports Carbon Credits Trades (Ind. Report)
AirCarbon Exchange
Date: 2021-08-04
Singapore-headquartered AirCarbon Exchange (ACX), a fully digital exchange for voluntary carbon credits with real-time trading and settlement, reports it has executed transactions representing 3,603,284 metric tons of carbon dioxide equivalent (tCO2e) during the first six months of 2021.

Most of the trading on the exchange has been on the CET (CORSIA Eligible Token) contract, making it one of the world's most traded carbon contracts. Open interest on the exchange continues to increase, from 854,366 tCO2e as at 30 June, 2021 to 1,115,266 tCO2e currently, according to the company release.

ACX has attracted over 130 clients across 29 countries and is expanding its global footprint with offices in Abu Dhabi, London and Canada, according to the company website. (Source: AirCarbon Exchange, Website PR, 2 Aug., 2021) Contact: AirCarbon Exchange, Thom McMahon, CEO and Co-Founder, +65 8168 4248, info@aircarbon.co, www.aircarbon.co

More Low-Carbon Energy News AirCarbon Exchange,  Carbon Credit ,  


Carbon Streaming, Infinite-EARTH Ink Carbon Credit Agreement (Int'l)
Carbon Streaming
Date: 2021-08-04
Toronto-headquartered Carbon Streaming Corp. is reporting a carbon credit streaming agreement with Hong Kong-headquartered Infinite-EARTH Limited, the developer of the industry's flagship REDD+ (Reducing Emissions from Deforestation and forest Degradation) project, the Rimba Raya Biodiversity Reserve Project in Borneo, to which InfiniteEARTH has exclusive carbon and marketing rights.

The Rimba Raya Project is expected to create over 70 million credits over its remaining 20-year crediting period, and to reduce greenhouse gas emissions by 3,527,171 tonnes of CO2 equivalent (tCO2e) per year with a total reduction of 130 million tCO2e estimated over its 30-year carbon offset project, which started in 2009.

InfiniteEARTH is a pioneer in the REDD+ industry, having developed the world's first REDD+ carbon accounting methodology, the first REDD+ project validated under the Verified Carbon Standard (VCS) and the first REDD+ project to receive "triple-gold" verification under the Climate, Community and Biodiversity Standard. The Rimba Raya Project is also the world's first REDD+ project to be verified under the newly launched Sustainable Development Verified Impact Standard (SDVista), earning the highest possible rating for demonstrating its contribution to all 17 United Nations Sustainable Development Goals (UN SDGs).

Carbon Streaming invests capital through carbon credit streaming arrangements with project developers and owners to accelerate the creation of carbon offset projects by bringing capital to projects that might not otherwise be developed. The company is focused on acquiring, managing and growing a high-quality and diversified portfolio of investments in projects and/or companies that generate or are actively involved, directly or indirectly, with voluntary and/or compliance carbon credits, according to the company. (Source: Carbon Streaming, PR,3 Aug., 2021) Contact: Carbon Streaming, Justin Cochrane, Pres. and CEO, 647.846.7765, info@carbonstreaming.com, www.carbonstreaming.com; Rimba Raya Project , www.rimba-raya.com; VCS, www.vcs.com; InfiniteEARTH, hk.linkedin.com › infinite-earth-organization

More Low-Carbon Energy News Carbon Streaming,  Carbon Credit,  REDD+,  


Aussie Carbon Market Trading Platform Launched (Int'l.)
Carbon Market
Date: 2021-08-02
In the Land Down Under, Melbourne-headquartered Renewable Energy Hub reports the launch of its Core Markets Carbon and Clean Energy Workbench, an over-the-counter platform for wholesale market proponents, project developers and end users.

The Core Markets platform provides access to spot and forward contracts in carbon and electricity markets with a new suite of clean energy products developed by Renewable Energy Hub, and a full complement data and insights on price, co-benefits visibility and benchmarking of carbon credits and environmental market certificates.

Renewable Energy Hub has also announced the execution of its first ACCU "Put option" carbon transaction in 100.000 units. (Source: Renewable Energy Hub, PR, RenewEconomy, 2 Aug, 2021) Contact: Renewable Energy Hub, Chris Holliwell, +61 2 9135 4932, www.renewableenergyhub.com.au

More Low-Carbon Energy News Carbon Market,  


World Bank Ups Developing Country Climate Action Support (Int'l.)
World Bank Group
Date: 2021-06-25
Reporting from Washington, the World Bank Group has announced its new Climate Change Action Plan that aims to deliver record levels of climate finance to developing countries, reduce emissions, strengthen adaptation, and align financial flows with the goals of the Paris Agreement. The Action Plan for 2021-25 broadens World Bank Group efforts from investing in "green" projects to helping countries fully integrate their climate and development goals. The Plan also comes as countries seek sustainable pathways out of the disruption caused by the COVID-19 pandemic. Key highlights of the Action Plan include:
  • Providing major increases in climate finance. The World Bank is already the largest multilateral provider of climate finance for developing countries. The Plan includes a commitment to increase delivery to an average of 35 pct of total World Bank Group financing for climate over the duration of the Plan. At least 50 pct of International Development Association (IDA) and International Bank for Reconstruction and Developing (IBRD) climate finance will support adaptation.

  • Identifying and prioritizing opportunities for high-impact climate action to inform future World Bank Group climate engagements and investments. A new core diagnostic tool, the Country Climate and Development Report (CCDR), will help countries align climate action and development efforts and absorb new climate-related technologies as they emerge.

  • Boosting support to countries for implementing and updating their Nationally Determined Contributions and Long-Term Strategies pursuant to the Paris Agreement; and adjusting incentives by reducing subsidies for and increasing taxation of greenhouse gas emissions.

  • Catalyzing and mobilizing private capital for climate action; stepped up efforts to develop carbon credit markets, green bonds and loan markets in countries; and support for global public goods in the poorest countries through IDA funds as well as other sources.

  • Prioritizing action in key systems -- energy, agriculture, food, water, land, cities. transport and manufacturing -- that must be transformed to address climate change, achieve a resilient and low-carbon future, and support the protection of natural capital and biodiversity. The Action Plan will place a strong emphasis on supporting a "just transition" out of coal.

  • Aligning all World Bank Group financing flows with the objectives of the Paris Agreement to support countries' climate commitments. The World Bank -- comprising of the International Bank for Reconstruction and Development (IBRD) and International Development Association (IDA) -- will align all new operations starting July 1, 2023. For the World Bank Group's private sector development arms, IFC and MIGA, 85 percent of Board approved real sector operations will be aligned starting July 1, 2023, and 100 percent of these operations starting July 1, 2025, two fiscal years later.

    The new Action Plan builds on the World Bank Group's achievements under its first Climate Change Action Plan which delivered over $83 billion in climate finance over five years, including a record $21.4 billion in 2020.

    Download Climate Action Plan details HERE. (Source: World Bank, PR 25 June, 2021) Contact: World Bank, Ferzina Banaji, (202) 372-5885, fbanaji@worldbankgroup.org, www.worldbank.org/climate, www.twitter.com/worldbank

    More Low-Carbon Energy News World Bank Group,  


  • CME Launching Nature-Based Offsets Futures (Ind. Report)
    CME Group
    Date: 2021-06-21
    In Chicago, the diverse derivatives marketplace CME Group reports it is launching a new futures contract Aug. 1 that will be tied to the value of nature-based carbon credits, including those generated from agriculture.

    The new N-GEO futures are designed "to help create a more transparent and efficient voluntary emissions offset market." The contract size is 1,000 offsets and each offset represents 1 metric ton of CO2, according to the release.

    The futures were developed with Xpansiv market CBL, which launched an N-GEO spot contract earlier this year based on eligible voluntary offsets from Agriculture, Forestry, and Other Land Use (AFOLU) projects with additional Climate, Community, and Biodiversity (CCB) accreditation.

    N-GEO futures are based on eligible voluntary offsets from AFOLU projects with additional Climate, Community, and Biodiversity (CCB) accreditation. AFOLU category activities include: afforestation, reforestation, revegetation, wetland rewetting and conservation and improved forestry management. N-GEO futures are based on eligible voluntary offsets from AFOLU projects with additional Climate, Community, and Biodiversity (CCB) accreditation, CME said. The futures are based on CBL's Nature-Based Global Emissions Offset Spot contract, which launched in March. (Source: CME Group, PR, PR, 21 June, 2021) Contact: CME Group, Peter Keavey, Global Head of Energy, 312-930-1000, www.cmegroup.com

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


    Nature Conservation Carbon Market Launched in Singapore (Int'l)
    Singapore
    Date: 2021-06-18
    Singapore last month launched Climate Impact X (CIX), a carbon trading marketplace based on nature conservancy projects and backed by its state investment firm, stock exchange , largest bank and the UK Standard Chartered Bank. The CIX initiative has two main platforms: a marketplace for nature-based projects, and an exchange where carbon credits can be freely traded in larger quantities.

    Demand for nature-based carbon credits, such as those from forest conservation and reforestation programs, or wetlands and grasslands restoration projects, has been growing in recent years. Verra, one of the main standard-setting bodies for voluntary carbon markets, reported that nature-based solutions represented 68 pct of its total issuances in Q1 of this year, compared with 38 pct in 2016.

    In 2019, the supply of nature-based projects fell but demand remained strong, resulting in a 30 pct price surge across voluntary markets. That same year, nature-based offsets were three times pricier, on average, than renewable energy ones, data from Ecosystem Marketplace showed. (Source: Ecosystem Marketplace ,Mongabay, 16 June, 2021) Contact: Ecosystem Marketplace, www.ecosystemmarketplace.com

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


    VINCI Airports Announces Lyon Airports Carbon Sink (Int'l. Report)
    VINCI Airport
    Date: 2021-06-11
    In France, VINCI Airports is reporting a reforestation program to absorb the residual emissions of Lyon-Saint Exupery and Lyon-Bron airports.

    The first project of this program, conducted in partnership with the French National Forest Office and the Rhone Departmental Council, is located about 30 kilometers away from Lyon-Saint Exupery airport, and will restore, reforest, maintain and manage 3.6 hectares with locally resilient species selected for their strong capacity to adapt to water stress and absorb CO2. This reforestation project, which will sequester more than 500 tons of CO2 over the planting's growth period, aims at achieving the Low Carbon Label certification.

    By developing other similar projects within a five-year framework agreement with the Rhone department, VINCI Airports will create a network of forest sinks in the Rhone region that will offset 100 pct of Lyon airports' residual emissions and enable Lyon-Saint Exupery airport to become the first French commercial airports to achieve net-zero emissionsby 2026. (Source: VINCI Airports, PR, June, 2021) Contact: VINCI Airports, Nicolas Notebaert, CEO, www.vinvi-airports.com

    More Low-Carbon Energy News Carbon Sink,  Carbon Credit,  Reforestation,  


    Oliva Gaea Touts Carbon Offset Platform (New Prod. & Tech., Int'l)
    Oliva Gaea
    Date: 2021-06-11
    Dubai-based startup Olive Gaea reports the launch of its carbon offset platform that calculates the carbon footprint of any individual or business through a simple yet science-based questionnaire then provides dedicated plans and a list of carbon offsetting solutions and verified climate projects.

    The platform allows users to offset purchases made on e-commerce businesses including grocery orders, food and fuel delivery, and online stores, among others. The Olive Gaea platform supports carbon offsetting projects that are handpicked and verified by Verra , Plan Vivo and other third party organizations. (Source: Olive Gaea, PR, Kahleej Times, 10 June, 2021) Contact: Olive Gaea, Vivek Tripathi, CEO, info@olivegaea.com, www.olivegaea.com

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


    Nasdaq, Fortum to Develop Carbon Removal Market (Int'l.)
    Nasdaq, Fortum
    Date: 2021-06-02
    Helsinki-headquartered Finnish state-owned utility Fortum and financial services company Nasdaq report they have joined forces to develop puro.earth, a trading platform for carbon removal credits.

    Backed by Fortum, puro.earth offers verifiable and tradable carbon removal credits on an open, online platform, with existing corporate clients that include Microsoft, and other majors. Puro.earth CO2 Removal Certificates (CORCs) are based on technologies for long-term carbon removal, such as storing carbon in a solid structures made from industrial waste.

    Nasdaq is taking a majority stake in the puro.earth platform for an undisclosed sum. (Source: Nasdaq, Fortum, June, 2021) Contact: puro.earth, +358 40 5233880, contact@puro.earth, www.puro.earth; Fortum Oyi, www3.fortum.com

    More Low-Carbon Energy News Nasdaq,  Fortum,  Carbon Credit,  Carbon Market,  


    Carbon Streaming Invests in Blue Carbon Project (Ind. Report)
    Carbon Streaming
    Date: 2021-05-19
    In Toronto, Carbon Streaming Corporation (CSC) reports an agreement to invest $6 million to implement the proposed MarVivo Blue Carbon Conservation Project in Magdalena Bay in Baja California Sur, Mexico. The project is anticipated to be one of the largest blue carbon conservation projects in the world and once implemented will reduce an estimated 26 million tonnes of carbon dioxide equivalent (CO2e) over 30 years by conserving and sustainably managing approximately 22,000 hectares of mangroves and 137,000 hectares of its marine environment across Baja's largest mangrove forest.

    The project aims to limit deforestation, promote wildlife conservation and generate unique benefits for the local communities. The UNFCCC REDD+ framework will be used to define the project which is anticipated to be certified through the Verified Carbon Standards (VCS) administered by Verra, an international institution based in Washington D.C. Verra manages carbon credit standards so that "blue carbon" credits may be generated.

    Information on the MarVivo Blue Carbon Conservation Project can be found at www.marvivo.earth. (Source: Carbon Streaming Corp., PR, 18 May, 2021) Contact: Carbon Streaming Corp., 647.846.7765, info@carbonstreaming.com, www.carbonstreaming.com

    More Low-Carbon Energy News Carbon Streaming ,  Blue Carbon,  Mangrove,  UNFCCC REDD+,  Carbon Credit,  


    CleanBay Renewables, Climate Action Reserve Refining Emissions Accounting Framework (Ind. Report)
    CleanBay Renewables, Climate Action Reserve
    Date: 2021-05-14
    Annapolis, Maryland-based enviro-tech company CleanBay Renewables Inc. reports it is working with the Los Angeles-headquartered carbon offset registry Climate Action Reserve (CAR) to establish a nitrous oxide (N2O) avoidance framework and a protocol for carbon credit accounting associated with fuel and fertilizer derived from poultry manure.

    The Climate Action Reserve will initially focus on quantifying the emission reductions from the conversion of agricultural byproducts, like poultry manure, into controlled-release fertilizers and establish mechanisms to calculate the displacement of fossil transportation fuels through the use of agriculture-derived renewable natural gas (RNG). The end goal is to develop a science-based framework applicable across the entire agricultural sector, enabling science-based carbon credit accounting for agricultural N2O emission reductions.

    CleanBay is developing a portfolio of bioconversion facilities across the U.S., each of which will recycle more than 150,000 tpy of chicken litter to generate over 750,000 MMBtus of sustainable renewable natural gas (RNG), 125,000 tpy of organic fertilizer, and an estimated 500,000 tpy of CO2 equivalent emission abatement that will be available for purchase in carbon markets. (Source: CleanBay Renewables Inc., PR, 12 May, 2021) Contact: CleanBay Renewables Inc., 410-514-6488, info@cleanbayrenewables.com, www.cleanbayrenewables.com; Climate Action Reserve, (213) 891-1444, fax: (213) 623-6716, reserve@climateactionreserve.org, www.climateactionreserve.org

    More Low-Carbon Energy News Carbon Offset,  Climate Action Reserve,  


    First Carbon-Neutral Crypto Asset Fund Announced (Int'l.)
    One River Digital Asset Management
    Date: 2021-04-28
    Greenwich, Conn.-based One River Digital Asset Management (ORDAM), one of the largest institutional crypto fund managers, and Sao Paulo, Brazil-based MOSS, the world's largest carbon credit platform, are reporting plans to launch the world's first carbon-neutral crypto asset fund, enabling climate conscious investors the opportunity to benefit from exposure to Bitcoin and Ethereum while offsetting their carbon footprint.

    Through the provable "burning" of MCO2 tokens (via UNISWAP), ORDAM created the world's first carbon neural crypto asset offering. For every Bitcoin owned, ORDAM will buy and "plants" MCO2 tokens, offsetting carbon emissions.

    ORDAM is the first asset management company to offer carbon offsetting globally. (Source: MOSS, ORDAM, PR, 27 Apr., 2021) Contact: MOSS, www.moss.earth/en/home; One River Digital Asset Management, (203) 489-1440 , info@oneriveram.com, www.oneriveram.com/digital-assets-strategies

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


    Honeywell Commits to Carbon Neutrality by 2035 (Ind. Report)
    Honeywell
    Date: 2021-04-12
    Charlotte, North Carolina-based Honeywell reports it has committed to become carbon neutral in its operations and facilities by 2035 through a combination of further investment in energy savings projects, conversion to renewable energy sources, completion of capital improvement projects at its sites and in its fleet of company vehicles, and utilization of credible carbon credits. These initiatives represent a continuation of the company's sustainability efforts since 2004, which have already driven a more than 90 pct reduction in the greenhouse gas intensity of its operations and facilities.

    Honeywell notes its carbon-footprint reduction will continue to be driven through the company's rigorous, end-to-end business operating system. Honeywell's reductions will be reported publicly and third-party verified pursuant to The Greenhouse Gas Protocol. The company's efforts will result in carbon-neutral operations and facilities as it relates to direct emissions (Scope 1) and indirect emissions from electricity and steam (Scope 2). In addition, Honeywell has committed to addressing Scope 3 indirect emissions by enhancing its existing tracking system and partnering with industry leaders to identify and implement best practices while encouraging customers to adopt Honeywell's climate solutions and products.

    In 2019, Honeywell set a new "10-10-10" target to reduce global Scope 1 and Scope 2 greenhouse gas emissions intensity by an additional 10 pct from 2018 levels, deploy at least 10 renewable energy opportunities, and achieve certification to ISO's 50001 Energy Management Standard at 10 facilities by 2024. Honeywell also provides: process technology to produce biofuels, building energy savings performance contracts; energy conservation; investing in energy storage solutions such as flow batteries; and technologies to support the decarbonization of residential, commercial, and industrial energy by replacing natural gas with hydrogen.

    The company notes it has implemented more than 5,700 sustainability projects since 2010, saving an annualized $100 million in costs. (Source: Honeywell, Website PR, 8 April, 2021) Contact: Honeywell, www.honeywell.com

    More Low-Carbon Energy News Honeywell news,  Carbon Emissions news,  Carbon Neutral news,  


    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,  

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