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Carbon Streaming Closes Blue Carbon Credit Agreement (Ind. Report)
Carbon Streaming
Date: 2021-11-19
Toronto-headquartered Carbon Streaming Corp, reports the closing of its previously reported blue carbon credit streaming agreement with MarVivo Corporation for the MarVivo Blue Carbon Conservation Project in Magdalena Bay, Mexico. MarVivo builds mangrove and marine conservation sites with the REDD+ model providing sustainable funding through Blue Carbon credits.

The deal includes a $6 million upfront cash investment and a $2 million cash investment in MarVivo Corporation, paid on closing, followed by four separate $1 million investments at specific project milestones during development, implementation, validation and verification by Verra.

Upon payment of the Upfront Deposit, Carbon Streaming will have the right to purchase the greater of 200,000 credits or 20 pct of the annual verified carbon credits from the MarVivo Project each year. The Company will make ongoing payments to MarVivo Corporation for each carbon credit sold under the carbon stream. The first delivery of carbon credits is expected to occur in the first half of 2023. 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. (Source: Carbon Streaming Corp., PR, Website, 18 Nov., 2021) Contact: MarVivo Corporation, www.marvivo.earth; Carbon Streaming Corp., www.carbonstreaming.com

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


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,  


Blue Carbon -- Ocean-based Solutions to Fight the Climate Crisis (Marine Conservation Society Report Attached)
Marine Conservation Society
Date: 2021-05-05
In the UK, the Marine Conservation Society, in partnership with Rewilding Britain, has released Blue Carbon -- Ocean-based Solutions to Fight the Climate Crisis, a report on the ocean's vital role in fighting the climate crisis and blue carbon solutions as an effective strategy for hitting net zero by 2050. In recognition of the vital role oceans must play in climate change mitigation and adaptation, ocean-based solutions must be adopted with pace and at scale by 2030.

Globally, the "rewilding" of key blue carbon securing marine and coastal ecosystems -- seagrass beds, saltmarshes and mangroves -- could deliver CO2 mitigation amounting to 1.83 billion tonnes. That is 5 pct of the emissions savings we need to make globally. This figure doesn't include the enormous quantities of carbon stored in fish and other marine life; in marine ecosystems such as coral reefs, seaweeds and shellfish beds; or the vast stores of carbon in our seabed sediments.

The report motes that 500,000 km2 of the UK's shelf seas hold an estimated 205 million tonnes of carbon -- 50 million tonnes more than the entire quantity held within the UK's forests. Harmful fishing practices such as bottom trawling, and other activities such as dredging, disturb seabed sediments and have the potential to result in the loss of 13 million tonnes of carbon from vital blue carbon stores, including shellfish beds and kelp forests, over the next decade.

Nature-based solutions could provide a third of climate change mitigations required to address the climate crisis, but currently they attract less than 3 pct of funds invested globally in addressing climate change, he report notes. Internationally, the UK is leading the way by committing to significantly increase its spending on nature-based solutions, including those offered by the ocean. This must be matched with equally ambitious actions at home. Investment in protecting our marine ecosystems is vital, for both biodiversity and blue carbon storage.

The report makes the case for the development of a four nation Blue Carbon Strategy, focusing on three key action areas. First, scaling up marine rewilding for biodiversity and blue carbon benefits. Second, Integrating blue carbon protection and recovery into climate mitigation and environmental management policies. Third, working with the private sector to develop and support sustainable and innovative low-carbon commercial fisheries and aquaculture.

With COP26 occurring in six months time, it has never been more pertinent for UK governments to take action. Ocean-based solutions must be part of the many urgent and varied solutions required to address the climate crisis.

Download theBlue Carbon -- Ocean-based Solutions to Fight the Climate Crisis report HERE. (Source: Marine Conservation Society, PR Website, Apr., 2021) Contact: Marine Conservation Society, Dr Chris Tuckett, Prog. Dir., info@mcsuk.org, +44 0 1989 566017, www.mcsuk.org

More Low-Carbon Energy News Blue Carbon,  Climate Change,  Carbon Emissions,  


Canberra Commits to $100Mn Ocean, Blue Carbon Initiative (Int'l.)
Australia Climate Change
Date: 2021-05-03
In Canberra, the Australian Government of Prime Minister Scott Morrison (Lib.) last week committed $100 million to ocean conservation in an effort to protect 'blue carbon' environments and reduce emissions.

Of the total, $30.6 million will be invested in practical action to restore and account for blue carbon ecosystems to improve the health of coastal environments in Australia and regionally:

  • Almost $19 million will go to four major on-ground projects restoring coastal ecosystems across the country, including tidal marshes, mangroves and seagrasses;

  • $10 million will provide four major on-ground projects to assist developing countries in the region restore and protect their blue carbon ecosystems;

  • Over $1 million will help to solidify Australia as a leader in ocean and natural capital accounting assistance enabling Australia to understand and account for the environmental and economic benefits of protecting these critical ecosystems.

    The Government has also newly pledged $59.9 million to develop a high-integrity carbon offset scheme in its Indo-Pacific region to stimulate investment in high-quality projects that deliver carbon offsets that meet the requirements of the Paris Agreement.

    The investments are in addition to more than $1.1 billion the Morrison Government previously announced it will invest in low emissions energy technologies such as hydrogen and carbon capture and storage and is in addition to the $18 billion of investment the Government is making alongside the Technology Investment Roadmap over the next 10 years to drive at least $70 billion of total new investment in low emissions technologies in Australia by 2030. (Source: Gov. of Australia, PR, Good News Network, 2 May, 2021) Contact: Gov. of Australia, www.Australia.gov.au

    More Low-Carbon Energy News CCSAustralia Climate Change,  Blue Carbon,  Mangrove,  Carbon Emissions,  


  • Bezos Earth Fund Announces First Major Recipients (Funding Report)
    Bezos Earth Fund
    Date: 2020-11-23
    Amazon CEO and billionaire Jeff Bezos has announced the first 16 recipients who together will receive a total of $791 million fro Bazo's $10 billion Earth Fund. The recipients are listed in order of funding:
  • Environmental Defense Fund -- $100 million grant will support work that includes completion and launch of MethaneSAT, a satellite that will not only locate and measure sources of methane pollution around the world, but also provide public access to data that ensures accountability and drives deep reductions of this pollutant. www.edf.org

  • The Natural Resources Defense Council -- $100 million to advance climate solutions and legislation at the state level, move the needle on policies and programs focused on reducing oil and gas production, protect and restore ecosystems that store carbon (like forests and wetlands), and accelerate sustainable and regenerative agriculture practices. www.nrdc.org

  • The Nature Conservancy -- $100 million to protect the Emerald Edge forest in the U.S. and Canada. www.nature.org

  • The World Resources Institute -- $100 million will be doled out over 5 years and will be used to develop a satellite-based monitoring system to advance natural climate solutions around the world. www.wri.org.

  • The World Wildlife Fund -- $100 million to help protect and restore mangroves, which store carbon and protect coastal communities from the ravages of climate-accelerated weather events www.worldwildlife.org.

  • ClimateWorks Foundation -- $50 million will be used to drive climate action in the transportation and industrial sectors.www.climateworks.org

  • The Hive Fund for Climate and Gender Justice -- $43 million over three years to expand grant-making to organizations led by Black, Brown, and Indigenous women and other frontline leaders. www.hivedund.org

  • The Solutions Project -- $43 million over the next three years to accelerate the transition to 100 pct clean energy and equitable access to healthy air, water, and land. www.thesolutionsproject.org

  • The Climate + Clean Energy Equity Fund -- $43 million over 3 years to support grassroots organizing to build power and increase participation in our democratic processes. www.theequityfund.org

  • Salk Institute for Biological Studies -- $30 million to advance efforts to increase the ability of crop plants, such as corn and soybeans, to capture and store atmospheric carbon via their roots in the soil. www.salk.edu

  • The Union of Concerned Scientists (UCS) -- $15 million over teo years to advocate for updates to the U.S. electrical grid that will speed the amount of wind, solar, and energy storage used in key states. www.ucsusa.org

  • Rocky Mountain Institute -- $10 million, $8 million of which will go to its carbon-free buildings campaign, which seeks to make all U.S. buildings carbon-free by 2040 by advocating for all-electric new construction and retrofitting existing homes and businesses to reduce their carbon footprint. www.rmi.org

  • Dream Corps Green For All -- $10 million to continue its work creating a green economy that prioritized low-income communities and people of color.www.thedreamcorp.org.

    Eden Reforestation Projects -- $5 million to plant trees and alleviate extreme poverty in three countries.www.edenprojects.org. (Source: Bezos Earth Fund, Release, 16 Nov., 2020)

    More Low-Carbon Energy News Bezos Earth Fund,  Climate Change,  


  • Apple Aims for Carbon-Neutrality by 2030 (Ind. Report)
    Apple
    Date: 2020-08-10
    In its 2020 Environmental Progress Report, multinational technology giant Apple announced a 10-year roadmap to reduce emissions by 75 pct by 2030 while developing innovative carbon removal solutions for the remaining 25 pct of its comprehensive footprint.

    The company notes it is already carbon neutral for corporate emissions worldwide. By achieving the 2030 goal, the company would have brought its entire carbon footprint to net zero 20 years sooner than IPCC targets.

    Apple will implement the following and other measures to meet its carbon-neutral goal:

  • Invest in renewable energy -- Apple will remain at 100 pct renewable energy for its operations -- focusing on creating new projects and moving its entire supply chain to clean power. Apple has commitments from over 70 suppliers to use 100 pct renewable energy for Apple production -- equivalent to nearly 8GW in commitments to power the manufacturing of its products. Once completed, these commitments will avoid over 14.3 million metric tpy of carbon emissions . New and completed projects in Arizona, Oregon, and Illinois bring Apple's renewable capacity for its corporate operations to over 1GW -- equivalent to powering over 150,000 homes a year. Over 80 pct of the renewable energy that Apple sources for its facilities are now from Apple-created projects, benefiting communities and other businesses.

  • Expand investments in energy efficiency -- Apple will identify new ways to lower energy use at its corporate facilities and help its supply chain make the same transition. Through a new partnership with Apple, the US-China Green Fund will invest $100 million in accelerated energy efficiency projects for Apple's suppliers. In 2019, Apple invested in energy efficiency upgrades to over 6.4 million square feet of new and existing buildings, lowering electricity needs by nearly one-fifth and saving the company $27 million.

  • Carbon removal -- Apple is investing in forests and other nature-based solutions around the world to remove carbon from the atmosphere. The company has announced a first-of-its-kind carbon solutions fund to invest in the restoration and protection of forests and natural ecosystems globally.

    In partnership with Conservation International, the company will invest in new projects, building on learnings from existing work like restoring degraded savannas in Kenya and a vital mangrove ecosystem in Colombia. Through its work with The Conservation Fund, the World Wildlife Fund, and Conservation International, the company has protected and improved the management of over 1 million acres of forests and natural climate solutions in China, the US, Colombia, and Kenya.

    Download Apple's 2020 Environmental Progress Report HERE. (Source: Apple, July, 2020) Contact: Apple, www.apple.com

    More Low-Carbon Energy News Apple,  Carbon Neutral,  Carbon Emissions,  Carbon Footprint,  


  • Seattle Cutting CO2 Emissions, Funding "Blue Carbon" Research Project (Ind. Report)
    Port of Seattle, US Gain
    Date: 2020-04-17
    In Washington State, the Port of Seattle Commission reports approval of a 10-year Renewable Natural Gas (RNG) supply contract with U.S. Gain to enable the Port to reach its 2030 goal to cut carbon emissions by 50 pct almost a decade early.

    The $23 million contract allows the Port to purchase sufficient fuel to heat 55 pct of the Seattle-Tacoma International Airport (SEA) terminal and to power 100 pct of its bus fleet to reach its 50 pct port-wide carbon reduction goal. The fuel delivery begins October 1, 2020.

    Natural gas accounts for 75 pct of the Port's annual climate-warming greenhouse gas emissions. This contract will result in the reduction of approximately 11,000 tpy of emissions the Port directly produces -- equivalent to heating 4,000 Seattle homes or taking 2,400 passenger vehicles off the roads each year of the contract.

    Port Commissioners also approved an Inter-local agreement with the Washington State Departments of Ecology and Natural Resources for the Smith Cove "Blue Carbon" pilot project. Blue Carbon is the carbon stored in coastal ecosystems of mangroves, tidal marshes and sea grass meadows contain large stores of carbon deposited by vegetation and various natural processes over centuries. These ecosystems sequester and store more carbon per unit area than terrestrial forests. The goal of the study is to evaluate how well transplanted kelp and eelgrass offshore of Smith Cove Park sequester carbon and reduce ocean acidification associated with carbon concentrations. (Source: Port of Seattle, PR, Travel Daily News, 16 April, 2020) Contact: US Gain, Bryan Nudelbacher, Dir. RNG Business Development, 920.381.2190, www.usgain.com; Port of Seattle Commission, 206-787-3034, www.portseattle.org

    More Low-Carbon Energy News Blue Carbon,  US Gain,  Port of Seattle ,  Renewable Fuel,  


    Blue Carbon For Our Planet Act on Capitol Hill (Reg. & Leg.)
    Blue Carbon
    Date: 2020-01-15
    U.S. Rep. Suzanne Bonamici (D-OR) reports the Blue Carbon For Our Planet Act has been sent to the U.S. House Natural Resources; Science, Space, and Technology and the House Administration Committees. If enacted, the Act would create an Interagency Working Group on Coastal Blue Carbon and a national map of coastal blue carbon ecosystems and their sequestration potential, study the effects of environmental stressors on rates of carbon sequestration, improve protections for existing coastal blue carbon ecosystems and restore degraded ecosystems.

    Blue Carbon is the carbon stored in coastal ecosystems of mangroves, tidal marshes and sea grass meadows contain large stores of carbon deposited by vegetation and various natural processes over centuries. These ecosystems sequester and store more carbon per unit area than terrestrial forests. (Source: Florida Daily, IUCN Global Marine and Polar Programme, 13 Jan., 2019) Contact: The Blue Carbon Initiative, www.thebluecarboninitiative.org

    More Low-Carbon Energy News Blue Carbon,  Carbon Sequestration,  Carbon Sink,  


    Australians Announce "Blue Carbon" Science Hub (Int'l Report)
    Blue Carbon
    Date: 2019-09-09
    Further to our 10th July report, the Australian Foreign Minister Marise Payne has announced the establishment of the Indian Ocean Rim Association (IORA) Indian Ocean Blue Carbon Hub aimed at protecting and restoring the health of ocean "blue carbon" mangrove ecosystems.

    The hub, which will be hosted by the Indian Ocean Marine Research Centre at the University of Western Australia, will be jointly funded by the federal government and CSIRO to the tune of $600,000 over three years. According to hub director Dr Mat Vanderklift, "Blue carbon ecosystems are highly effective at carbon storage and protecting coastal communities against storms. The Indian Ocean is disproportionately important in blue carbon globally. The hub will allow us to accelerate action and go beyond talking about it, to doing something about it."

    Mangrove systems sequester "blue carbon" -- CO2 absorbed from the atmosphere and locked up in coastal wetlands such as mangroves. (Source: The New Nation, Sept., 2019) Contact: Indian Ocean Blu Carbon Hub, Dr Mat Vanderklift, Dir. Indian Ocean Marine Research Centre at the University of Western Australia, +61 8 6488 7270, www.uwa.edu.au › facilities › indian-ocean-marine-research-centre

    More Low-Carbon Energy News Mangrove,  Blue Carbon,  Climate Change,  


    Mangrove "Blue Carbon" Sequestration Endangered (Int'l Report)
    Methane,Climate Change
    Date: 2019-07-10
    In the Land Down Under, researchers from Southern Cross University are reporting their research has revealed that dead mangrove trees released us much as 8 times more of the potent greenhouse gas methane than living mangrove trees. The research was brought about by a recent catastrophic climate-induced coastal mangrove die-back in the Gulf of Carpentaria.

    The findings, published in the international journal New Phytologist, have implications for scientific understanding of how mangrove systems sequester "blue carbon" -- CO2 absorbed from the atmosphere and locked up in coastal wetlands such as mangroves. (Source: Southern Cross University, mycg.com.au, 7 July, 2019)Contact: Southern Cross University, Luke Jeffrey, Phd. Candidate, +61 1800 626 481, www.scu.edu.au

    More Low-Carbon Energy News Blue Carbon,  Mangrove,  Climate Change,  Methane,  


    Fiji Submits Low Emission Development Strategy to UNFCCC (Int'l)
    Fiji Carbon Emissions
    Date: 2019-03-01
    In the South Pacific, The Government of Fiji reports it is the 11th country to submit its long-term Low Emission Development Strategy (LEDS) 2018 -- 2050 strategy to the UNFCCC Secretariat.

    Fiji's LEDS sets out long-term emission reductions and defines sustainable and resilient economy-wide mitigations pathways until 2050. It also addresses: sector-specific targets and measures; social, economic and environmental dimensions; education, capacity building and awareness raising; and a framework for monitoring and evaluating the LEDS. It is also among of the world's first LEDS to address the Blue Carbon Sector and the island country's mangrove ecosystems.

    The LEDS also details Fiji's objective of reaching net-zero carbon emissions by 2050 across all economic sectors, and details the following potential low emission scenarios:

  • a Business-as-Usual (BAU) Unconditional Scenario that would be implemented and financed without reliance on external or international financing;
  • A BAU Conditional Scenario conditional on external or international financing to implement mitigation actions;
  • a High-Ambition Scenario that projects ambitions beyond those already specified, and achieves significant emission reductions by 2050 compared with the BAU scenarios; and
  • a Very High Ambition Scenario that projects ambitions well beyond those already specified, and in which most sectors achieve net-zero or negative emissions by 2050.

    Fiji aims to reach net-zero carbon emissions by 2050 across all economic sectors without threatening the country's long-term development objectives. (Source: UNFCCC. Feb., 2019) Contact: UNFCCC, [Fiji LEDS 2018-2050, UN Climate Change, +49 228 815 1000, secretariat@unfccc.int, www.unfccc.int

    More Low-Carbon Energy News UNFCCC,  Fifi,  Carbon Emissions,  Blue Carbon,  

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