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EC European Green Deal -- "Fit for 55" -- Proposes Massive Transformation to Meet Climate Change Ambitions (Int'l. Report)
European Green Deal
Date: 2021-07-16
On Wednesday the 14th, the European Commission (EC) announced the adoption of a package of proposals to make the EU's climate, energy, land use, transport and taxation policies fit for reducing net greenhouse gas emissions by at least 55 pct by 2030 (Fit for 55), compared to 1990 levels. Achieving these emission reductions in the next decade is crucial to Europe becoming the world's first climate-neutral continent by 2050 and making the European Green Deal a reality. With today's proposals, the Commission is presenting the legislative tools to deliver on the targets agreed in the European Climate Law and fundamentally transform our economy and society for a fair, green and prosperous future. The following proposals will enable the necessary acceleration of greenhouse gas emission reductions in the next decade:

  • The EU Emissions Trading System (EU ETS) puts a price on carbon and lowers the cap on emissions from certain economic sectors every year. It has successfully brought down emissions from power generation and energy-intensive industries by 42.8 pct in the past 16 years. The EC is proposing to lower the overall emission cap even further and increase its annual rate of reduction and to phase out free emission allowances for aviation and align with the global Carbon Offsetting and Reduction Scheme for International Aviation (CORSIA) and to include shipping emissions for the first time in the EU ETS.

    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.

  • The Effort Sharing Regulation assigns strengthened emissions reduction targets to each Member State for buildings, road and domestic maritime transport, agriculture, waste and small industries. Recognizing the different starting points and capacities of each Member State, these targets are based on their GDP per capita, with adjustments made to take cost efficiency into account.

  • Member States also share responsibility for removing carbon from the atmosphere, so the Regulation on Land Use, Forestry and Agriculture sets an overall EU target for carbon removals by natural sinks, equivalent to 310 million tonnes of CO2 emissions by 2030. National targets will require Member States to care for and expand their carbon sinks to meet this target. By 2035, the EU should aim to reach climate neutrality in the land use, forestry and agriculture sectors, including also agricultural non-CO2 emissions, such as those from fertilizer use and livestock. The EU Forest Strategy aims to improve the quality, quantity and resilience of EU forests. It supports foresters and the forest-based bioeconomy while keeping harvesting and biomass use sustainable, preserving biodiversity, and setting out a plan to plant three billion trees across Europe by 2030.

  • Energy production and use accounts for 75 pct of EU emissions, so accelerating the transition to a greener energy system is crucial. The Renewable Energy Directive will set an increased target to produce 40 pct of our energy from renewable sources by 2030. All Member States will contribute to this goal, and specific targets are proposed for renewable energy use in transport, heating and cooling, buildings and industry. To meet both our climate and environmental goals, sustainability criteria for the use of bioenergy are strengthened and Member States must design any support schemes for bioenergy in a way that respects the cascading principle of uses for woody biomass.

  • To reduce overall energy use, cut emissions and tackle energy poverty, the Energy Efficiency Directive will set a more ambitious binding annual target for reducing energy use at EU level. It will guide how national contributions are established and almost double the annual energy saving obligation for Member States. The public sector will be required to renovate 3 pct of its buildings each year to drive the renovation wave, create jobs and bring down energy use and costs to the taxpayer.

  • A combination of measures is required to tackle rising emissions in road transport to complement emissions trading. Stronger CO2 emissions standards for cars and vans will accelerate the transition to zero-emission mobility by requiring average emissions of new cars to come down by 55 pct from 2030 and 100 pct from 2035 compared to 2021 levels. As a result, all new cars registered as of 2035 will be zero-emission. To ensure that drivers are able to charge or fuel their vehicles at a reliable network across Europe, the revised Alternative Fuels Infrastructure Regulation will require Member States to expand charging capacity in line with zero-emission car sales, and to install charging and fuelling points at regular intervals on major highways: every 60 kilometres for electric charging and every 150 kilometres for hydrogen refuelling.

  • Aviation and maritime fuels cause significant pollution and also require dedicated action to complement emissions trading. The Alternative Fuels Infrastructure Regulation requires that aircraft and ships have access to clean electricity supply in major ports and airports. The ReFuelEU Aviation Initiative will oblige fuel suppliers to blend increasing levels of sustainable aviation fuels in jet fuel taken on-board at EU airports, including synthetic low carbon fuels, known as e-fuels. Similarly, the FuelEU Maritime Initiative will stimulate the uptake of sustainable maritime fuels and zero-emission technologies by setting a maximum limit on the greenhouse gas content of energy used by ships calling at European ports.

  • The tax system for energy products must safeguard and improve the Single Market and support the green transition by setting the right incentives. A revision of the Energy Taxation Directive proposes to align the taxation of energy products with EU energy and climate policies, promoting clean technologies and removing outdated exemptions and reduced rates that currently encourage the use of fossil fuels. The new rules aim at reducing the harmful effects of energy tax competition, helping secure revenues for Member States from green taxes, which are less detrimental to growth than taxes on labour.

  • Finally, a new Carbon Border Adjustment Mechanism (Tax) will put a carbon price on imports of a targeted selection of products to ensure that ambitious climate action in Europe does not lead to 'carbon leakage.' This will ensure that European emission reductions contribute to a global emissions decline, instead of pushing carbon-intensive production outside Europe. It also aims to encourage industry outside the EU and our international partners to take steps in the same direction.

    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,  


  • Banks Launch Project Carbon, Carbon Offsets Marketplace (Int'l,)
    Carbon Offset
    Date: 2021-07-12
    Banking majors NatWest, CIBC, ITAU and NAB report they have joined forces to create Project Carbon, a blockchain-based marketplace for the sale and purchase of carbon offsets used as a tool by many businesses to help reduce their environmental impact.

    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,  


    Singapore Airlines Launches Voluntary Carbon Offsets (Int'l.)
    Singapore Airlines
    Date: 2021-06-28
    The Singapore Airlines (SIA) Group has launched a voluntary carbon offset programme that allows passengers on both Singapore Airlines and Scoot to offset their carbon emissions via dedicated microsites beginning in late July, this year. Passengers will also be able to use "frequent flyer" points to offset emissions, starting in Q4, 2021.

    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 ,  


    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,  


    Future Biogas Plans July £35Mn IPO (Int'l. Report)
    Future Biogas,Northern Lights
    Date: 2021-06-16
    In the UK, Guildford-based biogas project developer Future Biogas Ltd. reports it is preparing a £35 million IPO on the London Stock Exchange this July.

    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,  


    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,  


    Asian Air Carriers Commit to 2050 Net-Zero Emissions (Int'l,)
    Singapore Airlines, Cathay Pacific
    Date: 2021-05-26
    Singapore Airlines Group -- Singapore Airlines, Scoot and SIA Cargo -- is reporting a commitment to invest in new-generation aircraft, adopt low-carbon technology such as sustainable aviation fuels (SAF), and source "high quality" carbon offsets to meet their recently announced goal of achieving net-zero carbon emissions by 2050.

    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,  


    CleanBay Renewables, Climate Action Reserve Refining Emissions Accounting Framework (Ind. Report)
    CleanBay Renewables, Climate Action Reserve
    Date: 2021-05-14
    Annapolis, Maryland-based enviro-tech company CleanBay Renewables Inc. reports it is working with the Los Angeles-headquartered carbon offset registry Climate Action Reserve (CAR) to establish a nitrous oxide (N2O) avoidance framework and a protocol for carbon credit accounting associated with fuel and fertilizer derived from poultry manure.

    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., 410-514-6488, info@cleanbayrenewables.com, www.cleanbayrenewables.com; Climate Action Reserve, (213) 891-1444, fax: (213) 623-6716, reserve@climateactionreserve.org, www.climateactionreserve.org

    More Low-Carbon Energy News Carbon Offset,  Climate Action Reserve,  


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

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

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

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

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

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

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

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


  • Carbon Terminology Refresher (Opinions, Editorials & Asides)
    Carbon Emissions
    Date: 2021-04-30
    For greater clarity, the Fifth Estate has offered the following brief clarifications of the plethora of commonly used carbon emissions related terms:

  • Net Zero Energy -- There's two ways of looking at this. The first is based on simple math, and means a building, precinct, process or region generates as much energy within its own boundaries or site as it pulls in from elsewhere over a specific period -- most often a year. The other definition is a building or precinct or region that generates 100 pct of its own energy needs on site or within its boundaries.

  • Net Positive Energy -- When a building or precinct generates more energy than it uses and shares that energy through either a local microgrid or by sending it into the main grid, it becomes energy positive.

  • Carbon Negative -- Carbon negative is used for larger scales than individual buildings, such as precincts, regions, businesses or even entire nations. It means absorbing more carbon than all combined carbon emissions within the specific area or operation.

  • Carbon Neutral -- Carbon neutral is basically a balancing act where a building, business or region sequesters or offsets as much carbon as it emits.

  • Carbon Offsets -- All offsets are not created equal -- there are dirt-cheap offsets sloshing around the global carbon market from questionable projects in far-flung places. But not only are they scientifically and ethically questionable, they also will not meet the standards required for formal third-party carbon neutral certification. The best offsets deliver co-benefits beyond just sequestering carbon, such as improving biodiversity, increasing water quality or catchment protection, generating social benefits, local economic benefits or supporting Indigenous cultural practices and knowledge.

  • Operational Emissions -- Most carbon accounting undertaken for the purposes of carbon neutral certification focus on carbon emissions generated by the operation of a building, business or region. It's not just emissions from energy or fuel use though. The Greenhouse Gas Protocol defines three "scopes" or categories of carbon emissions as follows -- Scope 1 emissions are direct emissions from "owned or controlled sources" such as a fleet of vehicles, a power plant or a manufacturing plant. Scope 2 emissions are indirect emissions from the generation of energy used within a building, plant or region. Scope 3 emissions are all the indirect emissions in a business, process or region's value chain both upstream and downstream. This would include something like methane emissions from waste sent to landfill, or the emissions from energy used to make the widgets that a business procures then retails.

  • Embodied Carbon -- Basically, almost everything we use from a smartphone to a building, has embodied carbon. Embodied or upfront carbon refers to the emissions released during the manufacture and transport of building materials, and the construction as well the end-of-life-phases of built assets. (Source: Fifth Estate Australia)

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


  • 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,  


    Oxy, NextDecade Ink Tex. LNG Plant CCS Agreement (Ind. Report)
    Occidental Petroleum Corp,NextDecade
    Date: 2021-03-29
    In the Lone Star State, Houston-based liquefied natural gas (LNG) major NextDecade Corp. is reporting a term sheet agreement with Houston-headquartered Occidental Petroleum Corp. subsidiary Oxy Low Carbon Ventures (OLCV) to off-take and permanently store CO2 captured from the proposed Rio Grande LNG project in the Port of Brownsville, South Texas.

    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,  


    NextDecade Launches NEXT Carbon Solutions (Ind. Report)
    NextDecade
    Date: 2021-03-19
    Houston-headquartered natural gas major NextDecade Corporation is reporting the formation of a wholly owned subsidiary NEXT Carbon Solutions, LLC to develop one of the largest carbon capture and storage (CCS) projects in North America at NextDecade's Rio Grande LNG project.

    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 phughes@next-decade.com, www.next-decade.com

    More Low-Carbon Energy News Carbon Emissions news,  CCS news,  LNG news,  Natural Gas news,  


    Palm Coast Community Center Scores LEED Silver Cert. (Ind. Report)
    USGBC
    Date: 2021-03-17
    In the Sunshine State, the city of Palm Coast -- pop. 81,000 -- reports its recently expanded 21,000 square feet Community Center has received US Green Building Council LEED Silver certification for environmental sustainability and resource efficiency. The project earned LEED qualifying points for:
  • Location and Transportation -- surrounding density and diverse uses, bicycle facilities, reduced parking footprint, green vehicles;

  • Sustainable Sites -- construction activity pollution prevention, site assessment, open space, rainwater management, heat island reduction (reduce effects on human and wildlife habitats by reducing the impact of heat retaining components);

  • Water Efficiency -- outdoor water use reduction, indoor water use reduction, building-level water metering;

  • Energy and Atmosphere -- fundamental commissioning and verification, minimum energy performance, building-level energy metering, fundamental refrigerant management, optimize energy performance, enhanced commissioning (verifying the training of the staff and testing to operate the energy and water systems), enhanced refrigerant management (reduce ozone depletion by minimizing the emission of harmful compounds), green power and carbon offsets (100 pct of the total building energy consumption is offset by the use of renewable energy sources);

  • Materials and Resources -- storage and collection of recyclables, construction and demolition waste management planning, building life-cycle impact reduction (reuse or salvage at least 25 pct of the materials for the building), product disclosure and optimization -- environmental product declarations (utilize products and materials that have environmental, economical, and socially preferred life-cycle impacts), product disclosure and optimization -- material ingredients (Install materials that have a minimum level of recycled content), construction and demolition waste management (reduce construction waste that is disposed of in landfills);

  • Indoor Environmental Quality -- minimum IAQ performance, environmental tobacco smoke control, enhanced IAQ strategies (utilize mechanically and naturally ventilated ideals to promote occupant comfort), low-emitting materials (reduce concentrations for chemical contaminants), construction IAQ management plan (promote the well-being of the construction workers during construction), thermal comfort (provide multiple controls of the mechanical system to the building occupants), interior lighting (provide multiple controls of the lighting to the building occupants);

  • Innovation -- achieved a higher level of low-emitting materials and use of environmentally sensitive cleaning products to maintain the building;

  • Regional Priority Credits -- surrounding density and diverse uses (extra credit granted on the location of the project), thermal comfort (extra credit granted on the location of the project). (Source: City of Palm Coast, Palm Coast Observer, Mar., 2021) Contact: City of Palm Coast, www.palmcoastgov.com; USGBC, www.usgbc.org

    More Low-Carbon Energy News Energy Efficiency,  LEED Certification,  USGBC,  


  • 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,  


    Canada Outlines GHG Credit Trading System (Ind. Report)
    Environment and Climate Change Canada
    Date: 2021-03-10
    Reporting from Ottawa, Environment and Climate Change Canada has announced draft regulations to establish the market-based Federal Greenhouse Gas Offset System to reduce carbon emissions, spur innovation and private-sector investment in economic activities that lead to further emissions reductions and create jobs.

    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,  


    UKGBC Renewable Energy Procurement and Carbon Offsetting Guidance for Net Zero Carbon Buildings Report (Details Attached)
    UKGBC
    Date: 2021-03-10
    In London, the UK Green Building Council (UKGBC) has published Renewable Energy Procurement and Carbon Offsetting Guidance for Net Zero Carbon Buildings to provide clarity for the property and construction industry on the procurement of high-quality renewable energy and carbon offsets for net zero buildings and organisations.

    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, info@ukgbc.org, www.ukgbc.org

    More Low-Carbon Energy News UKGBC,  Renewable Energy,  Energy Efficiency,  


    CME Launches Global Emissions Offset Futures (Ind. Report)
    CME Group, CORSIA
    Date: 2021-03-05
    Chicago-based derivatives marketplace CME is reporting the launch and availability for trading of its Global Emissions Offset (GEO) futures.

    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,  


    Reforestation Included in Shell's Emission Reduction Plan (Int'l.)
    Shell
    Date: 2021-02-22
    Oil industry giant Royal Dutch Shell reports plans to increase tree plantings, the use of nature-based carbon offsets and carbon capture and storage (CCS) technology in their effort to mitigate greenhouse gas emissions and achieve net-zero carbon by 2050.

    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,  


    Priority Power Snares Satori Energy Solutions (M&A, Ind. Report)
    Priority Power Management, Satori Energy Solutions
    Date: 2021-02-01
    Texas-based Priority Power Management, LLC, an independent energy management services and consulting firm, is reporting acquisition of Chicago-headquartered Satori Energy Solutions, LLC.

    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, Managing Principal, (972) 314-9040, JBick@PriorityPower.net , www.prioritypower.net; Satori Energy Solutions, 312-850-2300, www.satorienergy.com

    More Low-Carbon Energy News Energy Management,  Energy Efficiency,  


    Keystone XL Commits Net-Zero Emissions by 2023 (Ind. Report)

    Date: 2021-01-20
    Houston-headquartered TC Energy Corporation is reporting a new sustainable energy initiative for the Keystone XL Project. The company will achieve net zero emissions across the project operations when it is placed into service in 2023 and has committed the operations will be fully powered by renewable energy sources no later than 2030. This announcement comes after an extensive period of study and analysis, and as part of the company's ongoing commitment to sustainability, thoughtfully finding innovative ways to reduce greenhouse gas (GHG) emissions, while providing communities with reliable energy needed today.

    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, keystone@tcenergy.com, www.keystonexl.com


    United Airlines Commits to Carbon Neutrality by 2050 (Ind. Report)
    United Airlines
    Date: 2021-01-08
    Further to our 14th Dec, 2020 coverage, US air carrier United Airlines notes it recognizes the role it plays as an airline in contributing to climate change, its responsibility in solving it and has accordingly set a goal of going 100 pct green by reducing 100 pct of greenhouse gas emissions by 2050.

    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,  ,  


    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,  


    TradeFlow Capital Launches Climate Impact Strategy (Ind. Report)
    Carbonfund,TradeFlow
    Date: 2020-12-09
    Singapore-headquartered TradeFlow Capital Management, the world's first Fintech-powered commodities trade enabler focused on SMEs, reports the launch of its Climate Impact Strategy that has the potential of offsetting millions of tons of carbon emissions while supporting SMEs globally by enabling their physical commodity import/export transactions.

    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, Algorand Partnership Announced (Int'l. Report)
    Climatetrade,Algorand,
    Date: 2020-12-04
    Valencia, Spain-based carbon offsetter Climatetrade, a blockchain-marketplace for CO2 carbon offsetting, announced today it will leverage Algorand's scalable, secure and decentralized digital blockchain technology network to bring its technology to the next level.

    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; Algorand, www.algorand.com

    More Low-Carbon Energy News Climatetrade,  Carbon Offset,  


    IATA Launches New Exchange for Offsets Trading (Ind. Report)
    International Air Transport Association
    Date: 2020-11-25
    Geneva, Switzerland-based International Air Transport Association (IATA) reports the launch of the Aviation Carbon Exchange (ACE) the first centralized, real-time marketplace integrated with the IATA Clearing House (ICH) for the settlement of funds on trades in carbon offsets. ACE will be a key tool helping airlines efficiently manage these important transactions

    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 ,  


    Bendix Commits to Reduce Carbon Footprint (Ind. Report)
    Bendix
    Date: 2020-11-13
    Ohio-headquartered Bendix Commercial Vehicle Systems LLC reports it has revamped its climate action plan to achieve carbon neutrality by 2021 and cutting its carbon emissions in half by 2030 as part of its renewed commitment to adopt the aggressive climate strategy recently launched by its parent company, the Munich, Germany-based Knorr-Bremse AG.

    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,  


    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 ,  


    Irish Motor Fuel Supplier Launches Carbon Off-Set Programme (Int'l.)
    Maxol
    Date: 2020-11-02
    In Ireland, Dublin-based motor transportation fuel supplier Maxol Group has announced a carbon emissions offsetting programme to support domestic and global green initiatives, including the planting of 10,000 trees across Ireland, local community projects and global projects designed to offset duel and carbon emissions.

    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,  


    Oxford Launches Carbon Offsetting Principles (Int'l. Report)
    Oxford University
    Date: 2020-10-26
    In the UK, a multi-disciplinary team from the University of Oxford has released The Oxford Principles for Net Zero Aligned Carbon Offsetting guidelines on how offsetting should be done to ensure it is trustworthy and effective in helping the world achieve carbon net-zero.

    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:

  • Cut emissions, use high quality offsets, and regularly revise offsetting strategy as best practice evolves: prioritise reducing your own emissions, ensure environmental integrity, and maintain transparency;

  • Shift to carbon removal offsetting -- Users of offsets should increase the portion of their offsets that come from carbon removals;

  • Shift to long-lived storage -- This refers to methods of storing carbon that have a low risk of reversal over centuries to millennia, such as storing CO2 in geological reservoirs or mineralizing carbon into stable forms;

  • Support the development of net-zero aligned offsetting -- Using long-term agreements; forming sector-specific alliances; supporting the restoration and protection of a wide range of natural and semi-natural ecosystems in their own right; and adopting and publicising these Principles and incorporate them into regulation and standard setting for approaches to offsetting and net-zero.

    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,  


  • Enviva Biomass, Finite Carbon Partner on Carbon Offsets (Ind. Report)
    Enviva Biomass, Finite Carbon
    Date: 2020-10-23
    Bethesda, Maryland-based woody biomass pellet manufacturer Enviva reports it is partnering with Wayne, Pa.-based forest carbon offset specialist Finite Carbon to engage small forest landowners across the U.S. Southeast to voluntarily participate in global greenhouse gas emissions reduction programs. The partnership, leveraging Finite Carbon's CORE Carbon free, online platform, will help more than 1.5 million family and non-industrial forest owners address climate change while generating a new annual income stream.

    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, jvarela@finitecarbon.com, www.finitecarbon.com; American Carbon Registry, www.americancarbonregistry.org

    More Low-Carbon Energy News Enviva Biomass,  Finite Carbon,  Carbon Offset ,  


    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,  


    KPMG Touts Blockchain CO2 Emissions Offset Solution (Ind. Report)
    KPGM
    Date: 2020-10-09
    New York-headquartered global professional services firm KPMG is touting a new patent-pending blockchain solution intended to help organizations track, measure, report and offset their greenhouse gas emissions.

    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,  


    Amazon Invests in Climate Technology Startups (Ind. Report)
    Amazon, Climate Change
    Date: 2020-09-18
    Amazon, which pledged to have "net zero" emissions by 2040, has named the first recipients of money from the $2 billion Climate Pledge venture fund it rolled out in June to help companies develop climate friendly technologies. The dollar amounts of the each individual investment have not been announced to the following recipients:
  • CarbonCure Technologies, a firm with technology that sequesters CO2 in concrete. (902) 442-4020, info@carboncure.com, www.carboncure.com

  • Pachama, which provides forest carbon offsets and touts use of machine learning and satellite imagery to measure and verify CO2 removal. info@pachama.com, www.pachama.com

  • Redwood Materials, the battery and electronic waste recycling company launched by Tesla's former chief technology officer. info@redwoodmaterials.com, www.redwoodmaterials.com

  • Turntide Technologies, which provides efficient electric motors. 669-224-4377, www.turntide.com (Source: Amazon, PR, Axios, 17 Sept., 2020) Contact: Amazon, amazon-pr@amazon.com, www.amazon.com/pr

    More Low-Carbon Energy News Amazon,  Climate Change,  Carbon Emissions,  CarbonCure,  


  • Private Sector Cooperates to Scale Carbon Offsetting Markets (Int'l.)
    Carbon Markets,Institute of International Finance
    Date: 2020-09-04
    The Institute of International Finance (IIF) is reporting Unilever, Nestle, BP and Shell are among the 40 top private sector members of a new Taskforce on Scaling Voluntary Carbon Markets spearheaded by former Bank of Canada and Bank of England Governor Mark Carney.

    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, info@iif.org, 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,  


    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,  


    Klima Touting Individual Carbon Offset App (New Prod. & Tech.)
    Klima
    Date: 2020-08-12
    Berlin-headquartered Klima is touting its recently released app designed to help individuals offset their emissions by supporting credible carbon-reducing projects.

    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,  


    Husky Energy Releases 2020 Carbon Goals (Ind. Report)
    Husky Energy
    Date: 2020-08-05
    Calgary, Alberta-based Husky Energy today released its 2020 ESG Report that includs a GHG emissions intensity reduction target of 25 pct by 2025 and the company's aim to be net zero by 2050 under the Paris Climate Agreement.

    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 403-513-7817, www.huskyenergy.com

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


    Climeworks Announces Iceland Carbon Capture Plant (Int'l. Report)
    Climeworks
    Date: 2020-07-29
    Zurich-headquartered carbon capture technology specialist Climeworks AG is reporting its first carbon removal plant located on the slopes of an active volcano in south-west Iceland.

    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,  


    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,  


    iOffset Carbon Offset as a Service Launched (Int'l. Report)
    iOffset
    Date: 2020-07-08
    In the UK, Lancaster-based carbon streaming service iOffset is reporting its launch with its inaugural commercial partnership with national car retailers, Motor Depot and CarSupermarket.com. iOffset's service will see the dealerships offset the projected future emissions of every used car sold for the first year of ownership.

    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,  


    Southern Power Activates 200-MW Kansas Wind Asset (Ind. Report)
    Southern Company,Southern Power
    Date: 2020-06-26
    In Atlanta, Southern Company's SO subsidiary energy wholesaler Southern Power is reporting the activation of its 200-MW Reading Wind Facility in Osage and Lyon Counties, KS.

    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,  


    San Diego County 100 pct Carbon Offsets Program Nixed (Reg & Leg)
    California Carbon Offset
    Date: 2020-06-19
    In the Golden State, the LA Times is reporting the 4th District Court of Appeal in San Diego last week ruled against San Diego County's Climate Action Plan and its 100 pct carbon offset provision which the county was hoping would entice developers to housing projects on undeveloped land throughout unincorporated territory.

    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,  


    ICAO Says CORSIA Not Replacing EU ETS (Int'l. Report)
    CORSIA, ICAO
    Date: 2020-06-03
    The Montreal-headquartered U.N International Civil Aviation Organization (ICAO) reports its planned scheme for offsetting emissions from international flights will supplement, not replace, the European Union Emissions Trading System (EU ETS).

    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, icaohq@icao.int, www.icao.int; CORSIA, www.icao.int/environmental-protection/CORSIA/Pages/default.aspx

    More Low-Carbon Energy News Aviation Emissions,  ICAO,  CORSIA,  


    UK Coalition Seeks Sustainable Aviation Fuel Support (Int'l.) Report)
    Sustainable Aviation
    Date: 2020-06-01
    In the UK, the Sustainable Aviation coalition is calling for the Government to support emerging sustainable aviation fuels (SAF) sector by committing £500 million to early stage projects. When combined with action on aircraft and engine technology R&D, airspace modernization and carbon offset and removal, the UK could build a world leading green aviation sector, the coalition claims.

    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, info@sustainableaviation.co.uk, www.sustainableaviation.co.uk

    More Low-Carbon Energy News SAF,  ,  Aviation Biofuel,  Sustainable Aviation Fuel,  


    Ontario Forest Carbon Offset Agreement Announced (Ind. Report)
    AurCrest Gold,Blue Source Canada
    Date: 2020-05-13
    Further to our Aug, 2019 coverage, Toronto-headquartered AurCrest Gold Inc. is reporting an agreement with the Lac Seul First Nation (LSFN) and carbon offset developer Blue Source Canada ULC to develop a forest carbon project on the Lac Seul reserve northwest of Sioux Lookout, Ontario.

    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, christopherangeconeb@gmail.com, Ian Brodie-Brown, Dir. Bus. Dev., (416) 844-9969, ianbrodiebrown@gmail.com, www.aurcrest.ca; Blue Source Canada, (403) 262-3026, www.bluesource.com

    More Low-Carbon Energy News AurCrest Gold,  Blue Source Canada,  Carbon Offset,  


    Benin Joins CORSIA Aviation Emissions Offsetting Programme (Int'l.)
    CORSIA, ICAO
    Date: 2020-04-10
    The West African nation of Benin (pop. 12.2 million) is confirming its participation in the UN affiliated International Civil Aviation Organization (ICAO) Carbon Offsetting and Reduction Scheme for International Aviation (CORSIA). Including Benin, 83 countries will begin offsetting their international flight emissions when the CORSIA voluntary pilot phase kicks off in 2021. Together they account for 76.64 pct of current international scheduled flights.

    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,  


    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,  


    Carbon Terminology Refresher (Opinions, Editorials & Asides)
    Carbon Emissions
    Date: 2020-03-16
    From the Land Down Under, The Fifth Estate has offered the following brief clarifications of the plethora of commonly used carbon emissions related terms:
  • Net Zero Energy -- There's two ways of looking at this. The first is based on simple math, and means a building, precinct, process or region generates as much energy within its own boundaries or site as it pulls in from elsewhere over a specific period -- most often a year. The other definition is a building or precinct or region that generates 100 per cent of its own energy needs on site or within its boundaries.

  • Net Positive Energy -- When a building or precinct generates more energy than it uses and shares that energy through either a local microgrid or by sending it into the main grid, it becomes energy positive.

  • Carbon Negative -- Carbon negative is used for larger scales than individual buildings, such as precincts, regions, businesses or even entire nations. It means absorbing more carbon than all combined carbon emissions within the specific area or operation.

  • Carbon Neutral -- Carbon neutral is basically a balancing act where a building, business or region sequesters or offsets as much carbon as it emits.

  • Carbon Offsets -- All offsets are not created equal -- there are dirt-cheap offsets sloshing around the global carbon market from questionable projects in far-flung places. But not only are they scientifically and ethically questionable, they also will not meet the standards required for formal third-party carbon neutral certification. The best offsets deliver co-benefits beyond just sequestering carbon, such as improving biodiversity, increasing water quality or catchment protection, generating social benefits, local economic benefits or supporting Indigenous cultural practices and knowledge.

  • Operational Emissions -- Most carbon accounting undertaken for the purposes of carbon neutral certification focus on carbon emissions generated by the operation of a building, business or region. It's not just emissions from energy or fuel use though. The Greenhouse Gas Protocol defines three "scopes" or categories of carbon emissions as follows -- Scope 1 emissions are direct emissions from "owned or controlled sources" such as a fleet of vehicles, a power plant or a manufacturing plant. Scope 2 emissions are indirect emissions from the generation of energy used within a building, plant or region. Scope 3 emissions are all the indirect emissions in a business, process or region's value chain both upstream and downstream. This would include something like methane emissions from waste sent to landfill, or the emissions from energy used to make the widgets that a business procures then retails.

  • Embodied Carbon -- Basically, almost everything we use from a smartphone to a building, has embodied carbon. Embodied or upfront carbon refers to the emissions released during the manufacture and transport of building materials, and the construction as well the end-of-life-phases of built assets. (Source: Fifth Estate Australia, Mar, 2020)

    More Low-Carbon Energy News Carbon,  Carbon Emissions,  

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