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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,  


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,  


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,  


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 ,  


    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,  


    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,  


    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,  


    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,  


    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,  


    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,  


    Duke U. Acquires 10,000 acre Peatland for Carbon Farm (Ind. Report)
    Duke University
    Date: 2018-12-14
    In Durham, North Carolina, Duke University reports it has acquired the rights to 10,000 acres of peatland in Hyde County for what may be the nation's largest "carbon farming" project that could propel the university to carbon neutrality by 2024.

    Carbon farming uses land management and conservation to increase the amount of carbon that agriculture pulls out of the air and locks into the soil and vegetation. Existing carbon farming programs in California, the Midwest and other countries have shown that a 2.5 acre plot of pasture or rangeland can store about one metric tpy of carbon. The NC peatlands, once re-wetted, have much greater potential -- perhaps 15 to 20 times more -- meaning the land could yield hundreds of thousands of metric tpy of carbon.

    The Duke project will launch with a 300 acre pilot which could be expanded depending on its results. To date, the university has invested approximately $300,000 on the project which could sell carbon credits to companies. (Source: Duke University, Triangle Business Journal, Dec., 2018) Contact: Duke University, Curtis Richardson, Dir., Wetland Center, ww.researchgate.net/profile/Curtis_Richardson

    More Low-Carbon Energy News Peatland,  Peat,  Duke University,  CCS,  Carbon Emissiuons,  CO2,  Climate Change,  


    DHL, OSU Report Campus Carbon Footprint Offset Partnership (Ind. Report)
    DHL, Ohio State University
    Date: 2018-09-14
    In Westerhill, Ohio, contract logistics specialist DHL Supply Chain and The Ohio State University (OSU) are reporting a partnership for the planting and care of trees on the OSU campus. DHL, through its "GoGreen Program" , also purchased and donated 1,000 tonnes of carbon credits for Ohio State to contribute to the university's carbon reduction goals. Ohio State matched DHL's donation by purchasing an additional 1,000 tonnes of carbon credits.

    OSU will use these credits to offset a portion of its annual greenhouse gas emissions, such as those from its own transport fleet. The program is being facilitated by North Carolina-based Urban Offsets.

    DHL Supply Chain's GoGreen program has delivered an average reduction of 3 pct in CO2 emissions, year over year, for every mile travelled and every square meter of space used worldwide for its customers.

    Urban Offsets helps companies and universities reduce their environmental impact by investing in sustainability projects around the world and directing profits into local projects that build climate resilient neighborhoods. Since 2017, more than 80,000 metric tons of CO2 emissions have been offset and 12,000 trees planted in at-risk communities around the country. (Source: DHL, PR, 12 Sept., 2018) Contact: Urban Offsets, https://registry.urbanoffsets.co; DHL Supply Chain, Nicole Porter, (614) 865-8437, nicole.porter@dhl.com, www.dhl.com; DHL GoGreen Program, HERE; OSU, Kate Bartter, Dir. Ohio State University Office of Energy and Environment, (614) 247-4762, energy.environment@osu.edu, https://oee.osu.edu

    More Low-Carbon Energy News Climate Change,  Carbon Footprint,  


    Blockchain App for Carbon Credit Tokenization (New Prod & Tech)
    IXO Foundation,Gold Standard
    Date: 2018-09-12
    In Zurich, global sustainability finance specialist South Pole Group reports it is partnering with the IXO Foundation, developer of the Blockchain for Impact, and Gold Standard, the benchmark standard for climate and development projects, to develop an application and impact tokens on the IXO protocol to facilitate the monitoring, reporting and verification (MRV) of data for compiling greenhouse gas (GHG) inventories and originating carbon credits.

    The application protocol is intended to serve as a means of submitting verified data and automatically issuing certified carbon credits. The aim is to streamline and accelerate the data verification processes for GHG inventory management and carbon credit origination. The application protocol has the potential to reduce MRV costs by up to 10x in comparison to current practices and to allow real-time tracking of GHG inventories and issuance of carbon credits. (Source: South Pole Group, Crypto Land, Sept., 2018) Contact: Gold Standard, Marion Verles, CEO, +41 22 788 7080, www.goldstandard.org; IXO Foundation, Dr. Shaun Conway, Pres., www.ixo.foundation; South Pole, Sophie Smithers Renat Heuberger, CEO and Co-Founder, +41 43 501 35 50, www.southpole.com

    More Low-Carbon Energy News Carbon Credit,  GHGs,  Greenhouse Gas,  Gold Standard,  


    Grassland Carbon Credits Fund Carbon Sinks (Ind. Report)
    Environmental Defense Fund
    Date: 2018-08-31
    In San Francisco, the Environmental Defense Fund (EDF) is reporting the sale of the first listed grassland carbon credits that will allow the Southern Plains Land Trust to restore and preserve two Colorado ranches that sequester 8,000 metric tpy of soil.

    The EDF facilitated the development and sale of the credits with the help of a Conservation Innovation Grant from the USDA. Natural Capital Partners purchased the credits on behalf of its client Microsoft, which began a carbon neutrality program in 2012.

    Grassland carbon credits reward landowners for retaining soil carbon and avoiding the emissions associated with converting grasslands into croplands. Grassland projects also provide ecosystem benefits such as habitat for threatened species.

    The Climate Action Reserve's Grassland Project Protocol uses biogeochemical modeling and emissions factors to quantify carbon that would be released from the soil if the land were tilled. (Source: EDF, Aug., 2018) Contact: Environmental Defense Fund, www.edf.org; Southern Plains Land Trust, https://southernplains.org

    More Low-Carbon Energy News Environmental Defense Fund news,  Carbon Credit news,  Carbon Sink news,  


    Co-op Promotes Reforestation to Offset CO2 Emissions (Ind. Report)
    Coop Carbone
    Date: 2018-08-31
    In Quebec, the Arbre-Evolution co-op reports it is partnering with Coop Carbone to develop carbon-offsetting projects. Coop Carbone works with enterprises to identify, develop and fund carbon-offsetting projects.

    Arbre-Evolution's pioneering approach to carbon offsetting focuses on the "social aspect of planting trees." Arbre-Evolution selects and supports projects from ideas put forward by businesses and community groups seeking to offset their carbon footprints through community tree planting and reforestation projects on publicly or collectively owned land.

    In addition to its partnership with Coop Carbone, Arbre-Evolution is working with the Forest Stewardship Council of Canada. The co-op's approach enables communities and companies to be part of the process rather than simply purchasing carbon credits. (Source: Coop News, 28 Aug., 2018) Contact: Arbre-Evolution, (514) 207-3686, (418) 607-0697, info@arbre-evolution.org, www.arbre-evolution.org; Coop Carbone, Jean Nolet, Pres., http://coopcarbone.coop

    More Low-Carbon Energy News Coop Carbone,  Carbon Offsets,  Carbon Emissions,  Reforestation,  


    Zero Carbon Project Touts Carbon Credit Purchase Program (Int'l)
    Zero Carbon Project
    Date: 2018-08-15
    The Zero Carbon Project is reporting the launch of its carbon credits purchasing program under which it will purchase and cancel international carbon credits from a range of projects reducing carbon emissions.

    On a weekly basis, the Zero Carbon Project will purchase 30 units, equivalent to the annual carbon emissions from around 10 typical households. This purchase will help reduce the 30 tonnes of carbon emissions from entering the atmosphere. Purchases and the projects they support will be announced to the Zero Carbon Project community, accompanied by an explanation of the different issues and aspects involved in the carbon market.

    The Zero Carbon Project carried made it first purchase and cancellation of CERs using the UNFCCC (United Nations Framework Convention on Climate Change) website platform, known as Climate Neutral Now. (Source: Zero Carbon Project, AZO CleanTech, 13 Aug., 2018) Contact: Zero Carbon Project, Derek Meyers, CEO, www.zerocarbonproject.com

    More Low-Carbon Energy News Carbon Credit,  Carbon Tax,  Zero Carbon Project,  


    South African Carbon-Neutral Brewery Touted (Int'l. Report)
    Darling Brewery
    Date: 2018-07-23
    South African micro-brewery Daring Brewery near Cape Town is reported to be the first in Africa to go carbon-neutral as more businesses across the continent adjust to climate change, and as consumers become increasingly conscious of the environmental impact and carbon footprint of the products they purchase. To help reach its goal, the brewery decreased its water and energy consumption in the brewing process, increased its over all energy efficiency and purchased carbon credits at a reforestation project in Zimbabwe and included environment information on it labels.

    South Africa has committed to introduce a carbon credit tax on large emitters and is expected to make products from carbon-neutral companies "the cheaper option," by January, 2019. (Source: Darling Brewery, Portland Press Herald, AP, 21 July, 2018) Contact: Darling Brewery, +27 21 286 1099, www.darlingbrew.co.za

    More Low-Carbon Energy News Carbon-Neutral,  


    Grassland Carbon Credits Fund Carbon Sinks (Ind. Report)
    Environmental Defense Fund,
    Date: 2018-07-18
    In San Francisco, the Environmental Defense Fund (EDF) is reporting the sale of the first listed grassland carbon credits that will allow the Southern Plains Land Trust to restore and preserve two Colorado ranches that sequester 8,000 metric tpy of soil.

    The EDF facilitated the development and sale of the credits with the help of a Conservation Innovation Grant from the U.S. Department of Agriculture (USDA). Natural Capital Partners purchased the credits on behalf of its client Microsoft, which began a carbon neutrality program in 2012.

    Grassland carbon credits reward landowners for retaining soil carbon and avoiding the emissions associated with converting grasslands into croplands. Grassland projects also provide ecosystem benefits such as habitat for threatened species.

    The Climate Action Reserve's Grassland Project Protocol uses biogeochemical modeling and emissions factors to quantify carbon that would be released from the soil if the land were tilled. Offsets are then generated for preserved belowground soil carbon, avoided use of nitrogen-based fertilizers and avoided use of carbon-emitting machinery for crop cultivation. (Source: EDF, 17 July, 2018) Contact: Environmental Defense Fund, www.edf.org

    More Low-Carbon Energy News Environmental Defense Fund,  USDA,  Carbon Credit,  


    GreenTrees Touts Reforestation Carbon Credit Issuance (Ind. Report)
    GreenTrees,American Carbon Registry
    Date: 2018-07-09
    In the Old Dominion State, GreenTrees® is reporting completion of its latest verification for 1,273,866 metric tons on the American Carbon Registry (ACR) -- the organization's second consecutive issuance of over one million tons.

    ACR has had fifteen issuances over a million forestry tons for both compliance and voluntary markets. This includes IFM, Avoided Conversion and Afforestation/Reforestation project types. Of the fifteen issuances, GreenTrees has two of them. Only three of the fifteen issuances are from afforestation/reforestation projects, with the remaining one from an international project.

    The GreenTrees River System approach is setting the standard for how reforestation can achieve scale and impact and does it with small and medium-sized landowners. Reforestation provides a continuous loop of scaled impact while bending the climate curve.

    GreenTrees® is the largest reforestation program in North America with more than 120,000 acres of trees planted with its 500 landowner partners, producing over 1,000,000 tons annually on The American Carbon Registry. (Source: GreenTrees, CSRWire, 6 July, 2018) Contact: GreenTrees, Chandler Van Voorhis, (540)253-2504, chandler@green-trees.com, www.green-trees.com; American Carbon Registry, https://americancarbonregistry.org

    More Low-Carbon Energy News Refdorestation,  Climate Change,  American Carbon Registry ,  Carbon Emissions,  Carbon Credits,  


    NZ's Z Energy Investing in Permanent Forest Carbon Sinks (Int'l)
    Z Energy
    Date: 2018-07-09
    In New Zealand, Auckland-based fuel wholesaler Z Energy Ltd. reports it has invested $1.5 million in permanent local forestry projects to voluntarily offset the emissions from their operations.

    Z Energy partnered with long-standing carbon consultants Permanent Forests NZ Ltd (PFNZ) for this offsetting initiative. PFNZ specialise in aggregating, marketing and selling New Zealand forest carbon credits on behalf of owners of forests registered under the Permanent Forest Sink Initiative.

    The Z Energy investment is reported to be New Zealand's largest voluntary purchase of units from permanent forest sinks to date. Z Energy's operational carbon emissions, including those from corporate travel, retail electricity, coastal emissions, and hauliers come to about 58,000 tonnes tpy of CO2-e (carbon dioxide equivalent) at an average cost of about $25 per tonne -- about $1.5 million per year. In addition to the offset programme, Z Energy remains focused on reducing the carbon intensity of its biodiesel and other business.(Source: Z Energy, Voxy, 9 July, 2018) Contact: Z Energy, Gerri Ward, Sustainability Manager, David Binnie, GM, general@z.co.nz, https://z.co.nz

    More Low-Carbon Energy News Z Energy,  Carbon Sink,  Carbon Credits,  Climate Change,  


    C4COIN Raises $450,000 in Seed Funding (Ind. Report)
    C4Coin
    Date: 2018-05-25
    In the Big Apple, carbon negative blockchain technology developer C4Coin reports the closing of a $450,000 seed funding round led by Miles O'Brien. The funds will be used to grow the company's team and to advance foundational partnerships.

    Founded in 2017, C4Coin will reward eco-conscious activities that generate verifiable carbon offsets. Users creating these offsets will receive carbon credit tokens called CO2KNs. These tokens can be retired through an innovative consensus protocol to earn a traditional crypto-asset called C4Coin.

    The company plans to launch its blockchain in Q4 2018.

    The name C4Coin stems from the biological process of carbon fixation. Plants take CO2 and inorganic Carbon 4 and break them down into organic, useable carbon and oxygen. (Source: C4Coin, PR, 24 May, 2018) Contact: C4Coin, Harrison Perl, CEO, www.c4coin.org

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


    Fundy's "Blue Carbon" Sequestration Capacity Explored (Ind. Report)
    Blue Carbon,Environment and Climate Change Canada
    Date: 2018-05-23
    In Atlantic Canada, Environment and Climate Change Canada's recent study of the Bay of Fundy coastal ecosystem and its "blue carbon" has estimated the area's carbon sequestration capacity to hold hundreds of millions of dollars worth of carbon-offsetting costs. "Blue carbon" is a term coined by scientists to describe carbon dioxide stored in coastal plants and soil.

    On land, forests capture carbon dioxide and produce oxygen. Forests release their carbon every few hundred years, due to fire, tree mortality or human harvesting. By comparison, coastal marshes maintain their carbon for thousands of years. Coastal ecosystems do the same -- but they're much better at it, according to McGill University "Blue Carbon" authority Assoc. Prof. Gail Chmurain. Coastal ecosystems can hold three to five times more carbon than the equivalent area of forest, according to a federal government report.

    The financial value of blue carbon comes from its potential for carbon emission credits which the Canadian federal government is introducing. According to government documents, "carbon stored in tidal salt marshes in the Bay of Fundy could have an estimated value of $202 million." That would equal $1 billion in 2022. In terms of Canada's national carbon emissions strategy, blue carbon could be used as an offset to meet international targets and coastal communities could protect or rehabilitate wetlands to generate carbon credits. (Source: Environment and Climate Change Canada, CBC, 22 May, 2018) Contact: Environment and Climate Change Canada, (800) 668-6767, www.canada.ca/en/environment-climate-change.htm; McGill University, Assoc. Prof. Gail Chmurain, (514) 926-6854, gail.chmura@mcgill.ca, www.mcgill.ca

    More Low-Carbon Energy News Blue Carbon,  Carbon Emissions,  Carbon Storage,  


    Veridium, IBM Partner on VERDE Carbon Credit Tokens (Int'l)
    Veridium
    Date: 2018-05-18
    Environmental FinTech company Veridium reports it is partnering with IBM to help transform the carbon credit market using blockchain technology.

    Veridium, a collaborative initiative of EcoSmart Labs, Brian Kelly Capital Management, IDEAcarbon, Everland and CBL Markets, will leverage IBM's blockchain technology and expertise to transform carbon credits into a new type of digital asset that can be redeemed and traded. IBM will provide the token architecture and token interface with its various industry specific Hyperledger Fabric blockchain platforms.

    According to Veridium, integrating the entire process of carbon accounting and offsetting into a digital token on a public, permissioned blockchain network can help make measuring environmental impact, transferring ownership rights, and redeeming the underlying carbon offset more efficient.

    The token, called VERDE, will represent carbon accounting and offsetting backed by environmental assets, including Triple Gold REDD+ credits from InfiniteEARTH, which authored the first REDD+ forest carbon accounting methodology, a protocol now embodied in the UN Paris Agreement. (Source: Veridium, Block Tribune, 17 May, 2018) Contact: Veridium, Todd Lemons, CEO, www.veridium.io; IBM, Bridget van Kralingen, Senior VP, Industry Platforms and Blockchain, www.ibm.com/us-en

    More Low-Carbon Energy News Veridium,  Carbon Credit,  


    TNC, XL Catlin Collaborate on Blue Carbon Credits (Ind. Report)
    TNC, XL Catlin
    Date: 2018-05-11
    The Nature Conservancy (TNC)and insurance/reinsurance firm XL Catlin in Bermuda are touting a project to develop Blue Carbon Resilience Credits that will value the combined carbon sequestration and resilience benefits provided by coastal wetland ecosystems.

    With XL Catlin's support, TNC will develop a system of credits assigning a market value to the resilience services provided by these historically under valueded cosystems. The hope behind this initiative is that, for the first time, insurance firms and other businesses will be able to offset their carbon footprint while simultaneously better underdstanding the contribution they are making to reducing coastal hazards in the world's most vulnerable coastal areas.

    Coastal wetlands -- salt marshes, seagrass meadows and mangroves -- sequester billions of tonnes of "blue carbon" from the atmosphere at concentrations up to five times greater than terrestrial forests. As an increasing number of companies are purchasing carbon credits to offset their footprints, this credit will enable a valuation of the carbon sequestration and coastal resilience benefits that wetlands provide both businesses and communities.

    Unlike other climate mitigation solutions coastal wetlands not only sequester carbon, they also protect coastlines by absorbing incoming wave energy and providing storm protection. Additionally, a recent study found that wetlands prevented $625 million in direct flood damages from Hurricane Sandy in the United States. As such, coastal wetlands provide both carbon sequestration and resilience services- a powerful combination in a world of changing climate.

    TNC will explore different options to value the resilience services provided by coastal wetlands and to develop a credit product to support ongoing wetland conservation. One of these options could include a numeric ranking system assigning a dollar value to wetlands based on factors such as their potential for storm impact reduction, location relative to vulnerable communities, local economic activities and assets, and potential benefits from habitat restoration. The figures generated by the rankings, combined with the carbon storage capacity of a given wetland, would generate Blue Carbon Resilience Credits. These credits would then offer organizations the capacity to manage their carbon footprints whilst acting as the funding mechanism for wetland conservation, increasing coastal resilience for communities. (Source: The Nature Conservancy, 10 May, 2018) Contact: The Nature Conservancy, Maria Damanki, Global Managing Director for the Ocean, www.nature.org: XL Catlin, Paul Jardine, CEO, www.xlcatlin.com

    More Low-Carbon Energy News Blue Carbon,  


    Newfoundland Set to Auction First Carbon Credits (Ind. Report)
    Newfoundland
    Date: 2018-03-21
    Following up on our Nov. 1, 2017 coverage, the province of Newfoundland-Labrador's first 50,000 carbon credits will soon be on the auction block. Local environmental firm Sharp Management quantified, verified and acquired certification for the credits through partnerships with the towns of Stephenville and Appleton-Glenwood to design and implement engineered wetlands to treat sewage waste water.

    "These carbon credits represent a significant step towards giving municipalities a green solution to their wastewater needs that is truly self-sustainable," Sharp Management said.(Source: Office of Newfoundland and Labrador Premier Dwight Ball, The Telegram, 19 Mar, 2018) Contact: Office of Newfoundland and Labrador Premier Dwight Ball, (709) 729-3570, prenier@gov.nl.ca, www.gov.nl.ca/premier

    More Low-Carbon Energy News Newfoundland,  Carbon Tax,  Carbon Credit,  

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