To complement the substantial spending on climate in the EU budget, Member States should spend the entirety of their emissions trading revenues on climate and energy-related projects. A dedicated part of the revenues from the new system for road transport and buildings should address the possible social impact on vulnerable households, micro-enterprises and transport users.
European Green Deal, www.ec.europa.eu/info/strategy/priorities-2019-2024/european-green-deal_en. (Source: EC, PR, 14 July, 2021)
More Low-Carbon Energy News European Green Deal,
Launching as a pilot in August, Project Carbon will act as a place where the four banks' corporate customers buy and sell carbon offsets with clear and consistent pricing and standards. More banks are expected to join at a later date. (Source: Finextra, 12 July, 2021)
More Low-Carbon Energy News Carbon Offset news, Carbon Market news,
The offset projects selected include: protecting forests in Indonesia; supporting renewable solar energy projects in India ; and providing efficient, clean burning cook stoves for rural families in Nepal. The offsets will be provided via the BlueHalo digital solution, which has been developed by Australia-based Tasman Environmental Markets (TEM). This allows passengers to immediately calculate and offset the emissions associated with their journey.
As previously reported, the SIA has committed to achieve net-zero carbon emissions by 2050 by: increased investments in new-generation aircraft; achieving higher operational efficiency; adopting low-carbon technology such as sustainable aviation fuels (SAF), and sourcing high quality carbon offsets.
SIA is a participant in the International Civil Aviation Organisation (ICAO) Carbon Offsetting and Reduction Scheme for International Aviation (CORSIA).
(Source: Singapore Airlines, Business Traveler, 27 June, 2021) Contact: Singapore Airlines, www.singaporeair.com
More Low-Carbon Energy News ICAO, Singapore Airlines, Carbon Offsets ,
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,
The IPO supports the company's plan to construct roughly 25 new power projects by 2028 and to grow an existing portfolio of 10 biogas plants operated on behalf of investment entities backed by Aviva and JLEN Environmental Assets Group.
The growth strategy includes carbon-capture and storage (CCS) "bolt-on" projects which further boost the environmental credentials for the soon-to-be-listed share.
Future Biogas is teamed up with the Northern Lights Project -- a venture by a number of oil and gas firms with a presence in the North Sea. Carbon captured by Future Biogas will be supplied to Northern Lights for permanent storage underground, beneath the North Sea. The Northern Lights venture partners include Royal Dutch Shell, Total and Equinor.
Future Biogas will generate carbon offsets for its part in the venture, and it intends to sell them to corporate buyers. (Source: Future Biogas Ltd., PR, Investor, 15 June, 2021) Contact: Future Biogas Ltd., Philipp Lukas, CEO, +44 1483 375920, www.futurebiogas.com
More Low-Carbon Energy News Future Biogas, CCS, Biogas, Northern Lights , Carbon Offsets,
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, email@example.com, www.olivegaea.com
More Low-Carbon Energy News Carbon Offset news, Carbon Credits news,
Likewise, Hong Kong-headquartered Cathay Pacific Group, one of the first air carriers in Asia to establish a timeline for achieving carbon neutrality, has announced plans to achieve net-zero carbon emissions by 2050. To that end, Cathay Pacific will investment in sustainable aviation fuel (SAF), identify efficiencies including a new fuel-efficient fleet and reducing engine use on the ground, as well as take advantage of carbon offsets. (Source: Singapore Airlines, Cathay Pacific, PR, Travel Weekly, May, 2021)
More Low-Carbon Energy News Net-Zero Emissions news, SAF news, Carbon Emissions news, Aviation Emissions news,
The Climate Action Reserve will initially focus on quantifying the emission reductions from the conversion of agricultural byproducts, like poultry manure, into controlled-release fertilizers and establish mechanisms to calculate the displacement of fossil transportation fuels through the use of agriculture-derived renewable natural gas (RNG). The end goal is to develop a science-based framework applicable across the entire agricultural sector, enabling science-based carbon credit accounting for agricultural N2O emission reductions.
CleanBay is developing a portfolio of bioconversion facilities across the U.S., each of which will recycle more than 150,000 tpy of chicken litter to generate over 750,000 MMBtus of sustainable renewable natural gas (RNG), 125,000 tpy of organic fertilizer, and an estimated 500,000 tpy of CO2 equivalent emission abatement that will be available for purchase in carbon markets.
(Source: CleanBay Renewables Inc., PR, 12 May, 2021) Contact: CleanBay Renewables Inc.,
www.cleanbayrenewables.com; Climate Action Reserve, (213) 891-1444,
fax: (213) 623-6716,
More Low-Carbon Energy News Carbon Offset, Climate Action Reserve,
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,
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 , firstname.lastname@example.org, www.oneriveram.com/digital-assets-strategies
More Low-Carbon Energy News Carbon Offset, Carbon Credits,
The companies will negotiate a CO2 off-take and a sequestration and monitoring agreement for OLCV to transport CO2 from the facility for sequestration in an underground geologic formation in the Rio Grande Valley.
Next Decade aims to make the LNG facility a net-zero carbon emissions development with CCS and by purchasing carbon offsets, subject a final investment decision later this year. Construction is expected to get underway in 2022. (Source: NextDecade Corp., Website PR, Mar., 2021)
Contact: Oxy Low Carbon Ventures, Richard Jackson, Pres., U.S. Onshore Resources and Carbon Management, OLCV@OXY.COM, www.oxylowcarbon.com; NextDecade Corp., (713) 574-1880, www.next-decade.com
More Low-Carbon Energy News Occidental Petroleum Corp., CCS, NextDecade, LNG,
The new company will also advance proprietary processes to lower the cost of utilizing CCS technology; help other energy companies reduce their greenhouse gas (GHG) emissions associated with the production, transportation, and use of natural gas; and generate high-quality, verifiable carbon offsets to support companies in their efforts to achieve net-zero emissions.
NEXT Carbon Solutions' CCS project is expected to reduce permitted CO2 emissions at Rio Grande LNG by more than 90 pct without major design changes to the Rio Grande LNG project. As a result, Rio Grande LNG is expected to be the greenest LNG project in the world, according to the company release. (Source: NextDecade, Website, PR, 18 Mar., 2021) Contact: NextDecade, Matt Schatzman, CEO, (832) 209-8131 email@example.com, www.next-decade.com
More Low-Carbon Energy News Carbon Emissions news, CCS news, LNG news, Natural Gas news,
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,
The offset rules will be part of the 2018 Greenhouse Gas Pollution Pricing Act, which enabled a sweeping tax on emissions on everything from industrial pollution to home-heating fuel, and will support a domestic carbon trading market under Canada's carbon price for industry -- the Output-Based Pricing System (OBPS) -- under which regulated facilities that exceed their emission limits can provide compensation by purchasing federal offset credits -- an additional lower-cost option -- generated from activities not already incentivized by carbon pollution pricing.
Once established, the Federal Greenhouse Gas Offset System will stimulate demand for projects across Canada that reduce greenhouse gases and generate federal offset credits. The ability to generate and sell federal offset credits creates opportunities for farmers, foresters, Indigenous communities, municipalities, and other project developers to earn revenues from greenhouse-gas reductions and removals.
Protocols for high priority project types are currently under development in parallel to the regulation to give industries additional lower-cost compliance options. For example, under the Landfill Methane Management Protocol, which is currently under development, a municipality could install technology to collect methane that would otherwise be emitted into the atmosphere. The municipality could earn federal offset credits, which it could sell to industrial facilities regulated under the Output-Based Pricing System. Canada is aiming for net-zero emissions by 2050.
(Source: Environment and Climate Change Canada, Website PR, Mar., 2021) Contact: Environment and Climate Change Canada, www.canada.ca/en/environment-climate-change.html
More Low-Carbon Energy News Environment and Climate Change Canada , Carbon Credit, Carbon Tax, GHG, Carbon Offset,
The new guidance includes a set of principles which should be used to evaluate the quality of renewable energy procurement routes, including how to create additionality -- driving a material increase in the UK's renewable energy capacity.
Download Renewable Energy Procurement and Carbon Offsetting Guidance for Net Zero Carbon Buildings details
HERE. (Source: UKGBC, insight, 9 Mar., 2021) Contact: UKGBC, Alastair Mant, firstname.lastname@example.org, www.ukgbc.org
More Low-Carbon Energy News UKGBC, Renewable Energy, Energy Efficiency,
GEO futures, which were designed to help customers manage the risks associated with voluntary decarbonization strategies, are based on the selection criteria and review process developed for the Carbon Offsetting and Reduction Scheme for International Aviation (CORSIA). GEO futures allow for delivery of CORSIA eligible voluntary offset credits from three ICAO approved registries and are listed by and subject to the rules of NYMEX. (Source: CME Group, PR, Mar., 2021) Contact: CME Group, www.cmegroup.com/geo
More Low-Carbon Energy News Carbon Offset, Carbon Credit, Carbon Market, CORSIA,
Shell wants to ramp up its use of nature-based carbon offsets, which include forestation projects, to 120 million tpy by 2030, to as high as 300 million tpy . Shell, which currently has 4.5 million tonnes of CCS capacity either in use or in the pipeline, aims to sell CCS as a service to other emitters
Globally, the entire voluntary carbon offset market reached 104 million tonnes in 2019, according to Ecosystem Marketplace .
(Source: Shell, Yahoo, 19 Feb., 2021)
Contact: Shell, www.shell.com/newenergies
More Low-Carbon Energy News Shell, CCS, Reforestation, Carbon Offset,
Satori provides expertise and service to more than 55,000 industrial, municipal, and residential clients in 25 states and the District of Columbia, Canada, and Mexico. The company's capabilities span the spectrum of Energy Structuring and Market Intelligence Operations, including: energy procurement, market price monitoring, contract administration, review, and negotiation, transaction due diligence, demand-side curtailment program evaluation, energy and invoice auditing, capacity PLC notification, budgeting and forecasting, and utility account and service setup.
Satori also has experience and expertise in energy transition, from sustainable energy and energy resiliency solutions, including community solar aggregation and behind-the-meter installations, to purchase of Renewable Energy Credits (RECs) and carbon offsets, LEED certification, and ENERGY STAR® Certification and energy benchmarking.
Priority Power is the #1 Independent Energy Solutions Provider focused on Energy Infrastructure, Energy Transition Program Management, Market Intelligence Operations, and Energy Structuring. Priority serves over 1,600 clients, totaling $2.4/BN in energy spend across 37 states. Priority is backed by Ara Partners, a private equity firm specializing in decarbonization investments in the industrial and manufacturing, chemicals and materials, energy efficiency and green fuels, and the food and agriculture sectors.
(Source: Priority Power Management, LLC, PR, Feb., 2021)
Contact: Ara Partners, (917) 439-3507, www.arapartners.com;
Priority Power Management, LLC,
John J. Bick,
JBick@PriorityPower.net , www.prioritypower.net; Satori Energy Solutions, 312-850-2300, www.satorienergy.com
More Low-Carbon Energy News Energy Management, Energy Efficiency,
Implementation of the initiative is expected to eliminate more than 3 million tpy of CO2 from the pipeline project's operations -- equivalent of removing approximately 650,000 cars from the highway. TC Energy is expected to spur an investment of over $1.7 billion in communities along the Keystone XL footprint creating approximately 1.6 GW of renewable electric capacity, according to the release.
By implementing this initiative, Keystone XL will allow responsibly produced Canadian oil to be safely transported into the United States from many producers who have set their own net zero emissions goals. Canadian Oil Sands producers have cut emissions intensity by 21 pct in recent years and they are expected to fall another 27 pct by 2030.
Net zero emissions will be achieved when the pipeline is placed into service by purchasing renewable energy from electricity providers the purchase of renewable energy credits (REC) or carbon offsets.
The pipeline would carry heavy Canadian tar-sands oil from Alberta to refineries and ports on the Texas Gulf of Mexico via connections in the U.S. Midwest.
Former President Barack Obama had killed the $8 billion Keystone XL project saying that it would cause emissions linked to climate change and do little for U.S. drivers. President Donald Trump resurrected the 830,000 barrels-per-day project two months after taking office in 2017. Incoming Pres. Jor Biden has indicated he will kill the project almost immediately upon entering the White House.
(Source: Keystone XL, PR, 17 Jan., 2021) Contact: KeystoneXL, Richard Prior,, Pres., CEO, 866-717-7473, email@example.com, www.keystonexl.com
To that end, United notes "true sustainability is about taking on the biggest culprit in our industry -- the emissions generated by our aircraft." Accordingly, the company notes it is looking beyond using carbon offsets which "simply don't go far enough to address the emissions caused by our operations."
To achieve carbon neutrality by 2050, United aims to tackle its emissions from their source by continuing and accelerating development and investment in sustainable aviation fuel (SAF). United well also make a multimillion-dollar investment to help fund start-up company 1Point Five's planned Direct Air Capture plant to capture, remove and store 1 million metric tpy of CO2 -- equivalent to the work of 40 million trees. (Source: United Airlines, PR, 6 Jan., 2021)Contact: United Airlines, www.corporate-office-headquarters.com/united-airlines 1Point Five, www.1pointfive.com
More Low-Carbon Energy News Carbon Capture, CCS, SAF, Direct Air Carbon Capture, United Airline, Carbon Neutral, ,
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,
As part of its wider Climate Impact Strategy, TradeFlow offsets carbon emissions generated by the transportation of the International Commodity transactions it enables through the Carbonfund.org Foundation and AirCarbon Exchange.
(Source: TradeFlow Capital Management, PR, 7 Dec., 2020) Contact: TradeFlow Capital Management, www.tradeflow.capital; Carbonfund.org Foundation, www.carbonfund.org,
AirCarbon Exchange, www.AirCarbon.co
More Low-Carbon Energy News Carbon Offset, Carbon Emissions ,
Climatetrade brings transparency and traceability into carbon markets with blockchain solutions services to large corporations. Climatetrade and its customers will be use Algorand as its primary infrastructure layer and leverage its carbon offsetting capabilities.
Climatetrade aims to help companies achieve their sustainability goals by offsetting CO2 emissions and financing climate change projects.
(Source: Cliamatetrade, Algorand Website PR, 2 Dec., 2020) Contact: Cliamtetrade, Francisco Benedito, CEO, www.climatetrade.com;
More Low-Carbon Energy News Climatetrade, Carbon Offset,
ACE, which was developed in conjunction with commodities trader Xpansiv CBL Holding, enables airlines and other aviation stakeholders, enable aviation industry players to offset their carbon footprint by purchasing credits in certified forestry projects, clean wind energy operations, protection of eco-systems and remote community-based, and other projects to cut emissions.
The platform will be a key tool for airlines in fulfilling their obligations under CORSIA which was agreed by governments through the International Civil Aviation Organization (ICAO) in 2016. (Source: IATA, Mirage, 25 Nov., 2020) Contact: IATA, Alexandre de Juniac, CEO, Director General, www.iata.org
More Low-Carbon Energy News International Air Transport Association, Aviation Emissions, Carbon Offset ,
During the company's 2009-2019 ECCO2 initiative Bendix exceeded the combined goals to reduce energy consumption by 30 pct from its 2009 baseline, by achieving a 42 pct reduction over the past 10 years. Bendix also saved more than 27 million kilowatt-hours of energy and an estimated $2 million over that time frame, through projects focused on more efficient use of lighting, HVAC and compressed air.
Bendix is set to cut its greenhouse gas emissions from the 2018 baseline in half by 2030 through: continued energy efficiency projects; on-site generation of renewable energy; and the obtaining of green energy combined with carbon offsets.
(Source: Bendix Commercial Vehicle Systems, PR,Morning Journal, 12 Nov., 2020) Contact: Bendix Commercial Vehicle Systems, www.bendix.com
More Low-Carbon Energy News Carbon Emissiuons, Carbon Footprint,
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,
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, firstname.lastname@example.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 ,
Launched in conjunction with international sustainability company GreenPrint, the programme aims to help balance out the environmental impact of Maxol's new Premium fuel range that is being rolled out across its fueling station network.
Under the Maxol plan, for every litre of Maxol premium fuel purchased, Maxol calculates the purchases carbon emissions and offsets them at 100 pct through investments in certified carbon offset projects around the world and Irish environmental initiatives.
In addition, 10,000 trees will be planted in Ireland over the next two years in collaboration with Trees on the Land Initiative.
(Source: Maxol, PR, Avondhu Press, 1 Nov., 2020) Contact: Maxol, Brian Donaldson, CEO, www.maxolcarbonneutral.ie; Trees on the Land Initiative, www.treesontheland.com
More Low-Carbon Energy News Carbon Offset,
The Oxford guidelines recommend a shift to verified carbon removal offsetting and to long-lived carbon storage, stating "users of offsets should increase the portion of their offsets that come from carbon removals rather than from emission reductions, ultimately reaching 100 pct carbon removals by mid-century to ensure compatibility with the Paris Climare Agreement goals". To that end, the guidelines also recommend:
Access Oxford Principles for Net Zero Aligned Carbon Offsetting HERE. (Source: University of Oxford, Smith School Enterprise & Environment, Sept., Oct., 2020) Contact: University of Oxford, Smith School, +44 0 1865 614942, enquiries@smithschool,ox.ac.uk, www.smithschool.ox.ac.uk
More Low-Carbon Energy News Oxford University, Carbon Offsetting, Carbon Offset, Carbon Emissions,
Finite Carbon's CORE Carbon Platform utilizes remote sensing technologies to dramatically reduce the costs and barriers to market entry for smaller forest landowners with as little as 40 acres of forestland. The initial phase of CORE Carbon will focus on a deferred harvest methodology, co-authored with American Carbon Registry, focusing on high conservation value forests such as mature bottomland hardwood stands in the U.S. Southeast.
(Source: Enviva Holdings, Enviva Biomass, PR, Valdosta Daily Times, 21 Oct., 2020)
Contact: Enviva Holdings LP, John Keppler, CEO, (301) 657-5560, www.envivabiomass.com; Finite Carbon, Sean Carney, Pres., Jazmin Varela, (919) 724-7402, email@example.com, www.finitecarbon.com; American Carbon Registry, www.americancarbonregistry.org
More Low-Carbon Energy News Enviva Biomass, Finite Carbon, Carbon Offset ,
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, firstname.lastname@example.org, www.tilhill.com; CarbonStore, +44 1786 649387, www.carbonstoreuk.com
More Low-Carbon Energy News CarbonStore, Carbon Emissions, Carbon Offset,
According to the company release, its Climate Accounting Infrastructure (CAI) platform is intended to complement an organization's existing systems including IoT sensors with outside data sources to set up an indelible record of emissions on a blockchain. (Source: KPGM, PR, Oct., 2020) Contact: KPMG, Arun Ghosh, KPMG U.S. Blockchain Leader, www.home.kpmg/xx/en/home.html
More Low-Carbon Energy News KPMG, Carbon Emissions, Carbon Offset,
The Taskforce will work to take stock of existing voluntary offsetting schemes and identify key challenges to scaling them up while helping businesses meet their own commitments and to align with legally binding climate targets in the markets where they operate. It is also hoped the Taskforce will play a role in boosting carbon prices which stood at a global average of $2 per ton in Oct., 2019.
According to Carney , the current market for offsets will need to grow by at least 15-fold by 2030 if the private sector is to align with the Paris Agreement's 1.5C trajectory by 2050. Carney noted it may need to be up to 160 times bigger than in 2020, should corporates rely on offsetting rather than emissions reductions.
(Source: IIF, Taskforce on Scaling Voluntary Carbon Markets, edie, PR, Sept., 2020) Contact: Institute of International Finance, Taskforce on Scaling Voluntary Carbon Markets, email@example.com, www.iif.com/tsvcm/Main-Page/Publications/ID/4061/Private-Sector-Voluntary-Carbon-Markets-Taskforce-Established-to-Help-Meet-Climate-Goals
More Low-Carbon Energy News Institute of International Finance , Carbon Emissions, Carbon Markets,
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,
The Klima app, designed for ease of use, quickly asks a few questions to estimate the user's carbon footprint based on factors such as the number of flights taken each year and the user's diet, then lets the user choose categories of well-vetted offsets to support through a monthly subscription. Offset options include tree-planting projects in Madagascar and Panama, solar power projects, and others. And, the monthly subscription cost drops as the user's carbon footprint falls.
(Source: Lima, FastCompany, 12 August, 2020) Contact: Klioma, Markus Gilles, CEO, www.getklima.com
More Low-Carbon Energy News Carbon Offset news, Carbon Emissions news,
To that end, the company notes it will continue to invest in new technologies and carbon offsets and will continue its technology partnerships with Svante on carbon capture.
Additionally, all Husky business units will maintain a carbon management plan, including requirements to meet or exceed our 2025 25 pct emissions intensity reduction target, and all company senior executive contracts link compensation to meeting or exceeding carbon performance requirements. (Source: Husky Energy, PR, Aug., 2020)
Contact: Husky Energy; Rob Peabody, CEO,
Leo Villegas, Senior Manager, Investor Relations
More Low-Carbon Energy News Husky Energy, Climate Change, Carbon Emissions,
The plant is powered by waste heat from a geothermal energy plant using direct air carbon capture technology (DAC).
Climeworks technology consist of modular CO2 collectors that can be stacked to build machines of any size. Climeworks direct air capture machines are powered solely by renewable energy or energy-from-waste. Grey emissions are below 10 pct, which means that out of 100 tons of carbon dioxide that our machines capture from the air, at least 90 tons are permanently removed and only up to 10 tons are re-emitted, according to the company website.
(Source: Climeworks, BTN News, 28 July, 2020) Contact: Climeworks, Jan Wurzbacher, co-founder and co-director, +41 44 533 2999, www.climeworks.com
More Low-Carbon Energy News Carbon Capture, Climeworks, Carbon Offset, Carbon Credit, Climate Change,
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,
The company's "Offset as a Service" (OaaS) cost-effectively offset any product, service or transaction in full or in part, enabling investment into accredited projects that prevent the production of an amount of CO2 equal to a product's carbon footprint, through afforestation schemes, renewable energy and emerging technologies in carbon capture and storage.
(Source: iOffset, PR, 7 July, 2020) Contact: iOffset, Mark Hammond, Founder , www.ioffset.co.uk
More Low-Carbon Energy News Carbon Offset,
The facility, which was developed by Renewable Energy Systems Ltd, is the 11th wind park in Southern Power's portfolio comprising 4,510 MW of renewable energy assets, more than 2,100 MW of which are wind farms. The Southern Company unit will oversee the operations and maintenance of the plant while Siemens Gamesa will supply annual maintenance services.
This project is the first to-be-approved carbon offset project under the Verified Carbon Standard Program through an agreement with Royal Caribbean Cruises RCL. The carbon offsets generated will be sold to Royal Caribbean under a 12-year power purchase contract. (Source: Southern Company, Southern Power, Zacks, 24 June, 2020) Contact: Southern Power, www.southernpowercompany.com; Renewable Energy Systems Ltd., www.res-group.com
More Low-Carbon Energy News Renewable Energy Systems, Southern Company, Southern Power, Renewable Energy Systems , Wind,
State Atty. Gen. Xavier Becerra's office argued against the county's offset scheme on the grounds that it could undermine the state's goals of slashing carbon emissions by 40 pct by 2030 and 80 pct by 2050.
The court noted that while the state has strict rules for monitoring and ensuring that offsets represent real reductions in greenhouse gas, the county had no such quality controls. Additionally, while the state's program has been largely limited to offset projects in the United States, San Diego county's program would have allowed the use of offsets generated anywhere around the world.
The court also pointed out that the state's program under cap-and-trade has only allowed businesses to cancel out up to 8 pct of their emissions using offsets, while the county program would have allowed projects to offset upwards of 100 pct of their carbon footprint.
While California allows businesses to use offsets under the cap-and-trade program, the state still counts those canceled-out emissions as part of its overall carbon footprint. Offsets were included simply as a cost-containment mechanism under the larger emissions-trading program, the LA Times noted. (Source: LA Times, 17 June, 2020) Contact: California Attorney General Xavier Becerra, (916) 210-6000, oag.ca.gov
More Low-Carbon Energy News Carbon Offset, Xavier Becerra, California Carbon Offset, California Cap-and-Trade,
Under the EU ETS, airline flights between European countries are required to purchase permits to cover some emissions from these trips. ICAO wants the EU to remove these flights from its carbon market so that CORSIA can be the only market-based measure tackling international aviation emissions.
With the UN planning a 2021 launch of CORSIA, its global scheme to help airlines offset their carbon emissions, some EU lawmakers and environmental groups want assurances that the European Commission will not remove aviation from the EU ETS.
CORSIA plans to use a system of offsetting to cap emissions from international flights at 2020 levels. From 2021, airlines would be required to buy carbon offset credits to cover any emissions above the 2020 baseline.
Critics say this would allow aviation emissions to keep rising, if airlines bought enough offset credits to cover the increase. (Source: ICAO, Pineville Voice, 2 June, 2020))Contact: ICAO, Secretary General Fang Liu, 514-954-8219, 514-954-6077 -- fax,
firstname.lastname@example.org, www.icao.int; CORSIA, www.icao.int/environmental-protection/CORSIA/Pages/default.aspx
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The coalition also called for Government to work with industry to: develop aircraft and engine technology R&D capabilities, ensuring the UK is among the first in the world to develop hybrid and electric aircraft; accelerate UK airspace modernization, to make use of new aircraft performance capability and reduce emissions and noise; and progress robust carbon offset measures and carbon removal technologies.
The Coalition's call to action follows previously reported news that Europe's first municipal waste-to-jet fuel facility -- Altalto Immingham -- was granted planning permission in North East Lincolnshire.
Sustainable Aviation is the coalition of UK airlines, airports, aerospace manufacturers and air navigation service providers committed to cutting aviation's environmental impact and building a world leading aviation sector, according to its website. (Source: Sustainable Aviation Website, 1 June, 2020) Contact: Sustainable Aviation, Adam Morton, Chair, email@example.com, www.sustainableaviation.co.uk
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On December 13, 2019, the Company announced an Emissions Reduction Benefits Management Agreement (ERBMA) with Lac Seul to develop forest carbon sequestration opportunities in the First Nation's territory in Northwestern Ontario. Under the terms of the ERBMA, AurCrest is the sole and exclusive agent for LSFN to manage and develop projects within LSFN traditional territory to harvest ERBs. AurCrest entered into the CDMA with Bluesource to provide the expertise associated with development and monetizing the carbon offsets.
Bluesource helps forest owners evaluate opportunities and generate value in diverse carbon markets by developing and monetizing offsets on their behalf.
(Source: AurCrest Gold Inc., PR, 11 May, 2020) Contact: AurCrest Gold Inc., Christopher Angeconeb, Pres., CEO, (807) 737-5353,
Ian Brodie-Brown, Dir. Bus. Dev., (416) 844-9969, firstname.lastname@example.org, www.aurcrest.ca; Blue Source Canada, (403) 262-3026, www.bluesource.com
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As previously noted, 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, CAPA, 9 April, 2020) Contact: ICAO, Secretary General Fang Liu, www.icao.in
More Low-Carbon Energy News Aviation Emissions, ICAO, CORSIA,
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,