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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