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+,
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,
More Low-Carbon Energy News Carbon Streaming , Blue Carbon, Mangrove, UNFCCC REDD+, Carbon Credit,
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., email@example.com, +44 0 1989 566017, www.mcsuk.org
More Low-Carbon Energy News Blue Carbon, Climate Change, Carbon 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:
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,
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)
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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:
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,
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 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,
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,
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'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:
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, firstname.lastname@example.org, www.unfccc.int
More Low-Carbon Energy News UNFCCC, Fifi, Carbon Emissions, Blue Carbon,