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

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

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

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

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


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

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

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

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


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

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

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


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

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

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

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


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

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

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

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

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


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

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

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

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

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


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

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

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


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

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

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

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


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,  

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