News Articles

This Week in V-Carbon: Operation Roll-Out

Jaguar Land Rover helps quench Kenya’s thirst for LifeStraw, while Wonderbag heats up Rwanda. NYSE Euronext goes carbon neutral – again. Antalis McNaughton and STV infuse carbon-neutrality with some visual pop. Emirates CMS Power Company becomes the first UAE-based firm to register an emissions reduction project under VCS. California revs up for next week’s practice auction.

Jaguar Land Rover helps quench Kenya’s thirst for LifeStraw, while Wonderbag heats up Rwanda. NYSE Euronext goes carbon neutral – again. Antalis McNaughton and STV infuse carbon-neutrality with some visual pop. Emirates CMS Power Company becomes the first UAE-based firm to register an emissions reduction project under VCS. California revs up for next week’s practice auction.

This article was originally published in the V-Carbon newsletter. Click here to read the original.

24 August 2012 | In both demand and supply, voluntary carbon markets hit some new milestones this month. In a show of corporate offsetting stamina, Jaguar Land Rover announced its support for Vestergaard Frandsen’s LifeStraw Carbon for Water project – the 50th carbon reduction scheme JLR has invested in over the past five years, altogether offsetting 5.4 MtCO2 so far. The geographic breadth of voluntary carbon offset projects grew as Emirates CMS Power Company, owned by the Abu Dhabi Water and Electricity Authority, became the first UAE-based firm to register an emissions reduction project under the Verified Carbon Standard (VCS). Meanwhile, clean cookstoves moved on to new terrain as a project type, with Wonderbag’s debut in Rwanda.

Across its multiple trading platforms, NYSE Euronext achieved carbon neutrality for the second consecutive year – partly leveraging offsets to maintain its status as the only global exchange operator to do so. The Carbon Trade Exchange (CTX) put on its rugby game face, becoming the official partner of the Gold Coast Sevens – Fever pitch tournament, slated to offset Australia’s Bledisloe Cup Trophy Tour.

InEurope, printing and packaging providers partnered with carbon offset providers to create carbon-neutral branding opportunities for their customers – Antalis McNaughton and The CarbonNeutral Company on printed communications in the UK, and Seufert Transparente Verpackungen (STV) and natureOffice on cosmetics packaging in Germany.

 

As California continues to gear up for its cap-and-trade scheme’s practice auction next week, its stakeholders are working to ensure that the scheme’s design pays proper attention to concerns around resource shuffling and additionality. The Air Resources Board (ARB) recently announced plans to delay enforcement of the “resource shuffling” provision, after criticism was raised over the potential disruption that the provision could cause in western US power supply. Meanwhile, the Environmental Defense Fund (EDF) released an article that discusses measures adopted under California’s scheme to guard against issues of additionality as faced under the EU ETS, where EU coolant manufacturers have previously been able to profit from carbon credit sales without making legitimate emissions reductions.

 

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V-Carbon News

Voluntary Carbon

Wonderbag, the best thing since sliced bread?

UK-based Natural Balance launched Wonderbag in Rwanda this week, after distributing over 700,000 in South Africa since its debut four years ago. The biodegradable non-electric slow cooker, if used three times a week, reportedly reduces families’ spend on fuel by 30% and saves 0.5-3 tCO2e a year. Already UNFCCC accredited, the business is undergoing the validation process for both the CDM and the Gold Standard in order to tap into carbon finance, which founder Sarah Collins said will allow Natural Balance to sell the bags at cost price. Unilever has already bought five million units for distribution. Wonderbag plans to expand into Nigeria, Kenya, Ethiopia, Somaliland, Djibouti, Sri Lanka, India and Indonesia, and is seeking additional partners to help reach its goal of distributing 100 million bags by 2015.

Read more

Jaguar Land Rover sips from LifeStraw

This week, UK-based premium automaker Jaguar Land Rover announced its support for Vestergaard Frandsen’s LifeStraw Carbon for Water project in Kenya. In conjunction with ClimateCare, Jaguar Land Rover has invested in 50 carbon reduction schemes in 17 countries over the last 5 years, offsetting 5.2 MtCO2 so far and having committed to offset another 10 MtCO2 of carbon dioxide by 2014. On top of innovative, low carbon technologies and energy efficiency projects, Jaguar Land Rover’s offsetting portfolio also focuses on renewable energy, with wind power projects responsible for generating 1.3 MtCO2 or 30% of its portfolio.

Read press release

The UAE meets the VCS

Emirates CMS Power Company (ECPC), owned by the Abu Dhabi Water and Electricity Authority, became the first UAE-based company to have an emissions reduction project registered under the VCS. To date, ECPC, a combined cycle power and desalination plant, has received roughly 36,436 VCUs, trading currently at more than $13/VCU. The project has led to reductions of atmospheric thermal discharge and the efficient use of waste heat for steam generation and desalination, leading to a smaller carbon footprint for power and water production. It is also expected to contribute to sustainable development and reductions in local air pollution levels in Abu Dhabi.

Read more from Gulf News
Read more from Trade Arabia

Pulling forest carbon back from the edge

A new article on the Global Association of Risk Professionals (GARP) site discusses best practices in risk management techniques for forest carbon projects that, if scaled up, could further mobilize private finance. The use of registries, for instance, can mitigate transaction non-fulfillment risk. Institutions are also entering multiple-party escrow agreements, adding conditions to potential purchases, and providing clarity for clearing and settlement. Firms can buy directors-and-officers (D&O) insurance to cover both business and legal risks. In the US, conservation easements help ensure that the land-use regime associated with a project stays constant regardless of property ownership. For foreign forest-based investments, the Overseas Private Investment Corporation and the World Bank’s Multilateral Investment Guarantee Agency offer political risk insurance.

Read more

Reduce & Retire: The Latest on Carbon Neutral

Extending the NYX fix

NYSE Euronext (NYX) announced yesterday that it has achieved carbon-neutral status for the second consecutive year, still the only global exchange operator to go carbon neutral. NYSE Euronext saved 79,250 MtCO2e last year through a combination of energy efficiency measures and the purchase of renewable energy credits (RECs) and carbon offsets. Sustainability consultant CodeGreen Solutions brokered the exchange operator’s Green-e certified RECs and Climate Action Reserve (CAR) verified carbon offsets. The RECs, purchased from Green Mountain Energy Company (a subsidiary of NRG Energy), match the company’s electricity usage during 2011 with 100% US wind power. The carbon offsets, purchased from 3Degrees, match the carbon emissions resulting from NYSE Euronext fuel consumption, fugitive emissions, and corporate travel.

Read more

Antalis neutralizes watermark

UK-based Antalis McNaughton – subsidiary of The Antalis Group, Europe’s premier provider in communication materials – has just launched a new service that enables customers to use a CarbonNeutral certified paper logo (í  la CarbonNeutral Company) on their printed communications upon buying carbon offsets relative to the weight of paper they order. Ecometrica calculates the carbon footprint for each of Antalis’s offered paper brands, from production to delivery. The offset purchases support two projects under the CarbonNeutral Protocol, including the VCS/CCBA-validated Uchindile-Mapanda reforestation project in Tanzania (the first VCS-validated AFOLU project) and the VCS-validated and Green-e certified Tieling methane capture project in China.

Read more from PrintWeek
Read about Uchindile-Mapanda project
Read about Tieling project

STV gives plastic a makeover

Seufert Transparente Verpackungen (STV), a German specialist in plastic packaging, recently announced that it has teamed up with sustainability consultant natureOffice to provide a carbon neutral printing service that allows cosmetics firms to brand their clear or translucent packaging as carbon neutral. Upon calculating the carbon footprint of their project’s production and delivery process, clients can choose to offset emissions via natureOffice’s portfolio, which includes offset projects validated under the CDM Gold Standard and CarbonFix. Project types range from reforestation to wastewater treatment with biogas production. A unique reference number is created for each project, which can be printed onto the client’s products and tracked via natureOffice’s website.

Read more

Sail away to carbon neutrality

As the owners of Low Isles Sailaway, a tourist cataraman operating in the Great Barrier Reef (GBR), Steve and Katrina Edmondson are offsetting their business’s carbon emissions by managing a 28-ha tree farm on tropics land, formerly a cane paddock. Since the Eco Shamba Tree Farm started in 2010, roughly 15,000 trees have been planted, including “wetland trees to control erosion, native cabinet timbers for sustainable harvesting and Pongamia pinnata ‘diesel’ trees for [their] own biofuel use and as a trial for larger projects,” says Chris Briggs, a GBR Marine Park official working with tourism operations to form a GBR Tourism Climate Change Action Strategy to lessen their impact on the Reef.

Read more

Offsetting the ruck-us

The Carbon Trade Exchange (CTX) recently became the official partner of the Gold Coast Sevens – Fever Pitch tournament and will help offset the Bledisloe Cup Trophy Tour as part of the Bledisloe Cup Festival. The partnership between the CTE and the Australian Rugby Union (ARU), which oversees the GCS-FP tournament and the Bledisloe Cup, follows a previous collaboration to offset the national rugby team’s campaign in New Zealand via carbon offsets purchased from HELP, a NZ Household Energy Efficient Lighting Projects initiative. ARU will use CTX’s online trading platform to offset the events’ carbon footprint, to be measured by independent auditor Pangolin Associates.

Read more

Climate North America

A power shuffle

The clock is ticking down until the practice auction scheduled for California’s biggest emitters next week. California’s Air Resources Board (ARB) recently announced plans to delay enforcement of the “resource shuffling” provision in the state’s cap-and-trade scheme by 18 months, after concerns were raised about the disruption it could cause in western US power supply. The provision requires out-of-state power producers to annually attest they have not changed their contracts with California utilities to provide low-carbon power to California and high-carbon power to states lacking carbon limits. ARB Chair Mary Nichols said California needs more time to define “resource shuffling” clearly and will review the transactions that occur during the first 18 months of allowance trading. This delay will not change other dates set for the scheme’s implementation.

Read about resource shuffling from Reuters
Read about the practice auction from NRDC

EDF plays defense

The Environmental Defense Fund (EDF) has released an article in response to a recent New York Times article, which argued that poor design under the UN carbon offsets program encouraged select emitters under the EU ETS to increase pollution – only to reduce it and sell the offsets. In addition to citing measures taken by the EU to resolve this issue, EDF discusses mechanisms adopted under California’s own scheme that aim to guard against the issue. Instead of taking Europe’s project-based approach, California has adopted strict protocols with performance-based standards to guide offsets approval. California will not award offsets to out-of-state projects that reduce gas emissions already restricted by California law, and only allows destruction of gases from domestic sources that have already been used and are slated for recycling.

Read more from EDF
Read NYT article

Kyoto & Beyond

Objection!

In anticipation of the first Green Climate Fund (GCF) board meeting scheduled for this week, Friends of the Earth, the Global Alliance for Incinerator Alternatives (GAIA), and the Institute for Policy Studies prepared a report, “The Green Climate Fund’s No-Objection Procedure and Private Finance: Lessons Learned from Existing Institutions.” The report highlights lessons learned from procedures and structures at the ICF, CDM and GEF, which it argues have been largely ineffective at allowing countries to object or consent to projects. With regard to the CDM, the report cites insufficient stakeholder engagement and holes in the approval process for reviewing sustainable development benefits on CDM projects. In light of these issues, the report calls for the GCF to establish clear, binding, and uniform standards and criteria for no-objection procedures at national designated authorities.

Read report

Featured Jobs

Senior Program Officer – VCS

Based in Washington, DC, the officer will oversee validation/verification bodies working under the VCS Program. Candidates should have a Bachelor’s at minimum, and 5+ years’ work experience in carbon markets, preferably for or with VVBs or similar entities under other GHG programs, and in particular the CDM.

Read more about the position here

Technical Officer, Beijing – Gold Standard

Based in Beijing, the officer will play a key role in both project and methodology reviews and the further development of Gold Standard rules. Candidates should have a Bachelor’s in engineering, science, or related discipline (Master’s or PhD in energy and/or EIAs desirable), 4-5 years’ work experience in carbon markets, and preferably fluency in Chinese.

Read more about the position here

Indian Commercial Manager – Bunge Environmental Markets Group

 

The manager will take ownership of Bunge’s existing portfolio of carbon transactions while expanding the presence of Bunge Emissions operations throughout India. Candidates should be Indian nationals with experience in leading contract negotiations. Professional qualifications (MBA, ACA, CFA, or similar) are an advantage but not required.

 

Read more about the position here

Various Positions – ICF

Based in Washington, DC, the Associate in climate change and sustainability will assist with data collection and analysis for energy, climate change and sustainability-related projects, along with outreach initiatives and stakeholder engagement. ICF is also seeking Climate Policy Consultants, to be based in London, to support more senior colleagues to win, manage, and deliver climate policy contracts for EC and government clients. Candidates for either position should have a degree in economics, engineering, or science, with 3+ years’ work experience in a consulting background.

 

Two Positions – Center for Clean Air Policy

The International Policy Analyst will conduct research on mitigation projects and policy developments in support of CCAP’s flagship Mitigation Action Implementation Program in the Latin American region. Candidates will ideally have a Bachelor’s in engineering and a Master’s in public/environmental policy, with 2-4 years’ experience conducting economic analyses of relevant public policies and projects. The Manager of the Energy, Air Quality, & Climate Policy Dialogue will develop CCAP’s US policy agenda and corresponding outreach and fundraising strategy. Candidates will ideally have a Master’s in public policy or related field, with 5+ years’ policy and industry experience.

 

Research Associate, Young ICIMOD Professional Programme – ICIMOD

Based in Nepal, the Research Associate will assist ICIMOD in influencing policy and practices to meet the associated challenges emerging in the Hindu Kush Himalayas in four main fields: water, ecosystem services, sustainable livelihoods and geospatial solutions. Candidates should be from Afghanistan, Bhutan or Myanmar and hold a Master’s or PhD degree in a relevant field.

Read more about the position here

Internal Communications Specialist – WWF Global Climate & Energy Iniative

 

The specialist will be responsible for all internal communications to the GCEI team and to the WWF network, working to increase knowledge sharing between the four work streams of the GCEI and supporting the engagement of the WWF network in the GCEI. Candidates should a relevant degree and 5+ years’ communications experience, with experience in various media tools.

 

Read more about the position here

Global Programs Intern – Rights and Resources Initiative

Based in Washington, DC, the intern will prepare background research and documentation for RRI’s Global Programs and strategic analysis work and provide assistance for assessment of statutory tenure rights in forest-based countries. Candidates should have a college-level education or current enrollment in a college-level program of study, preferably in economics, geography or related social science.

Read more about the position here

Sales Interns (2) – The CarbonNeutral Company

Based in London, the two interns will help the Sales team research industry/market segments and businesses and conduct competitive landscape reviews. The internship lasts three months. Candidates should be fluent in English and be well-versed in Excel and PowerPoint.

Read more about the position here


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