Tag Archives: climate change projects

Sustainable Business magazine and edie.net join forces with ClimateCare to offset carbon emissions with the award winning Carbon for Water project

Leading online environmental publishers edie.net and Sustainable Business magazine have partnered with climate and development experts ClimateCare to offset the carbon emissions associated with travel to key events.

Travel by those attending the 2012 Responsible Procurement and Supplier Engagement Conference, Corporate Water Risk 2012 Conference and the Sustainability Leaders Forum will be offset through the multiple award-winning Carbon for Water project.

The purchase of carbon credits helps finance this project which recently won Carbon Finance Transaction of the Year. The project delivers safe water to more than 4.5 million people in Kenya, generating significant carbon reductions, while dramatically enhancing the health and economic circumstances of local communities.

“It is important for us to practice what we preach” explains head of events, Mark Baker. “ClimateCare are experts in this field, with fifteen years’ experience running some of the most innovative and largest carbon offset programmes in the world. Working with them has helped us understand how we can ensure our own business is a sustainable as those we write about. Offsetting the travel of delegates and speakers attending our events is a positive step towards this.”

ClimateCare Director Edward Hanrahan explains “We are working with a range of organisations, from international corporates, governments and NGOs to deliver exciting projects at an unprecedented scale. Our climate and development model helps organisations take a smart approach to addressing their environmental impacts by offsetting their carbon emissions and supporting sustainable development”.

ClimateCare representatives will be available to discuss their unique Climate and Development approach at all three events. Find out more, or offset your emissions online at www.climatecare.org

Notes to editors

ClimateCare is an independent ‘profit for purpose’ organisation committed to tackling climate change, poverty and development issues. Our unique climate and development model funds ground-breaking projects spanning renewable energy, water purification and clean cookstove technology, cutting emissions and transforming millions of lives worldwide. We enable organisations to adopt a smart approach to addressing their environmental impacts by offsetting their carbon emissions and supporting sustainable development. Find out more at www.climatecare.org

More than a million professionals use edie.net every year to stay up-to-date with the latest news, information and analysis. From legislation and compliance updates, innovation and technology advances and exclusive market intelligence to the latest commentary, debate and expert opinion and interview and case studies highlighting best business practice.

Our editorial content directly addresses the issues that affect companies, making it an invaluable resource for an increasingly influential audience of decision makers across the spectrum of small, medium, large and enterprise-sized companies in the UK.

www.edie.net

As the UK’s number one digital climate change and sustainability magazine for business, Sustainable Business drives the agenda for firms looking to take advantage of the low-carbon economy – and helps them to make it happen.

Responsible Procurement and Supplier Engagement Conference

www.sb-supplychain.net 

Sustainability Leaders Forum

www.sustainabilityleaders.net

 

Press enquiries and image requests

Please contact: RhiannonSzmigielski, ClimateCare

Tel: +44 (0)1865 591000

Email: rhiannon.szmigielski@climatecare.org

ClimateCare supported project wins Carbon Finance Transaction of the Year

ClimateCare is delighted that the Carbon for Water project has today been recognised through the 2012 Environmental Finance awards, winning Carbon Finance Transaction of the Year. ClimateCare lead authored the methodology for this project, helped to structure the finance and is now providing recurrent financing through the sale of carbon credits. A world first, the Carbon for Water project formally known as the ‘Sustainable Deployment of the LifeStraw Family in rural Kenya’ project – supports provision of safe water through carbon finance and is generating substantial health and socio-economic benefits.

A partnership between carbon market specialists ClimateCare and public health company Vestergaard Frandsen, Carbon for Water is unique in its field. Delivering 4.8 billion litres of safe drinking water annually to 4.5 million people in Western Kenya it also prevents 2.9 million tonnes of CO2 being emitted each year.

“Working with ClimateCare made it possible for us to distribute water filters on a significant scale,” explains project partner Mikkel Vestergaard Frandsen, CEO of Vestergaard Frandsen. ”Without their support to unlock revenue through carbon finance, we would have been unable to realize such significant emissions reductions or improve the lives of millions of people in Western Kenya.”

Importantly, the Carbon for Water project also generates substantial health and socio-economic benefits, including a lower incidence of waterborne disease, a better quality of life for women and children and employment among local communities.

“The project shows that, despite low carbon prices, carbon finance can be applied to deliver real sustainable development objectives at scale,” said Mark Nicholls, editor of Environmental Finance magazine. “Furthermore, the project developers are laying the foundations for new sources of revenue for climate change projects – using monitoring, reporting and verification techniques from the carbon markets to demonstrate projects’ health and societal co-benefits.”

“ClimateCare pioneered the use of carbon finance to support safe water projects and we are delighted that the impact of this has been recognised, paving the way to sustainable finance for similar projects.” said ClimateCare director, Edward Hanrahan. “ClimateCare specialises in ‘Climate and Development’ projects, those that tackle climate change and improve lives for people in the world’s poorest communities. The Carbon for Water project places as much emphasis on monitoring health outcomes as verifying emissions reductions and serves as a blueprint for our future projects, which will derive income from both market-based emission reductions and results-based health outcomes.”

Today’s award complements a host of recent wins for the Carbon for Water project, including Best Social Investment Strategy and the Global Business Coalition Health award. This independent endorsement of the project’s achievements, across a broad spectrum of categories, is not only driving demand for carbon credits from businesses wishing to offset their own carbon footprint, it is also spurring international interest from Governments, NGOs and businesses interested in partnering with ClimateCare to create new Climate and Development projects.

The project is featured in the July-August awards issue of Environmental Finance magazine, and on www.environmental-finance.com

To find out about Carbon for Water or other Climate and Development projects, contact the ClimateCare team on +44 (0) 1865 591000.

ClimateCare helps drive renewable energy provision in Turkey

Businesses that choose to offset their carbon emissions by purchasing Gold Standard Voluntary Emissions Reduction (VER) credits, such as the 289,000 issued today by the Aliağa Wind Farm project, are changing the make-up of Turkey’s energy provision. Through carbon finance, ClimateCare is helping make it commercially viable for developers to exploit Turkey’s strong wind supply to generate renewable power and move the country away from an historical reliance on fossil fuels.

According to the Global Wind Energy Council, Turkey’s electricity consumption is increasing by an average of 8-9% every year. So far, this demand has largely been met through coal power and large hydro projects, often backed by state investment.  This is despite the fact that Turkey has limited fossil fuel reserves and one of the best wind supplies in Europe (European Parliament’s wind index).

“To date, the relatively low and unstable electricity prices offered by the Government have made investment in wind farms challenging,” explains ClimateCare director, Edward Hanrahan. “However, by working with the project developers and taking them through the process of Registration and Issuance of carbon credits from the Gold Standard, ClimateCare has helped renewable energy projects in Turkey gain commercial viability through carbon finance”.

ClimateCare was a pioneer in bringing carbon finance to renewable energy projects in Turkey. As a result, investment in wind energy has become more attractive and wind capacity in Turkey is growing – rising from 0% in 2006, when Bilgin Enerji  the developer of Aliağa built the country’s first private wind farm, to 3.5% of the total electricity generating capacity of the country, today.

“The voluntary carbon market has had a significant role in making the wind sector an attractive one for investors” says Tolga Bilgin, Owner of Bilgin Enerji and Chairman of RESSIAD1, the Turkish Renewable Energy Association, “ClimateCare was one of the first to see this potential and we are pleased they have been an early supporter of wind projects in Turkey”.

Today sees the Issuance of Gold Standard VER credits from the second Bilgin owned wind farm project, supported by ClimateCare. The Aliağa wind farm is one of the largest in Turkey, with 36 wind turbines and an installed capacity of 90MW. It generates approximately 300,000 MWh of clean, renewable energy each year and is already having an impact, saving 300,000 tonnes of CO2 emissions in its first 21 months of operation. In addition, the project is supporting the local community by improving water supplies to the neighbouring village and donating computers and furniture to the local school and rehabilitation centre. The Gold Standard credits issued will be of interest to businesses who want to offset their carbon emissions at a commercial rate and demonstrate their support for a project that is helping make an immediate and measurable diversion from fossil fuel to clean, renewable energy.

Those interested in purchasing credits should contact the ClimateCare team on +44 (0) 1865 591000


1 Rüzgar Enerjisi ve Su Santralları İşadamları Derneği – The Wind and Hydro Power Plants Business Association

ClimateCare secures extremely rare carbon credits that are a perfect fit for Yacht Carbon Offset

Yacht Carbon Offset is delighted that experts at ClimateCare have helped them secure exclusive pre CDM Verified Emission Reduction (VER) credits from a renewable wind power project in the remote Galapagos Islands. One of the world’s most famous habitats and notoriously vulnerable, the Galapagos Island of San Cristobal has been impacted by fuel spills. This project helps to cuts the island’s diesel dependence, reducing the number of fuel deliveries and the risk of spills. This not only protects the environment and wildlife, but in turn safeguards income from tourism. In addition, the switch to a renewable energy source both cuts carbon emissions and supports the local economy by reducing energy costs.

 “Whilst we are best known for our broad range of highest quality energy efficiency and poverty alleviation projects – both CDM and VER – in sub Saharan Africa and the world’s Least Developed Countries, this is just one example of the extraordinary breadth of projects we have access to and our ability to source resonant project and credit opportunities for clients on a global basis” explains ClimateCare Director, Edward Hanrahan.

“ClimateCare operates globally, in both voluntary and compliance markets, with experience built over more than fifteen years. Clients tell us that they value our understanding of the market and our rigorous assessment of project risk. However, it is often our ability to align their sourcing requirements with the best possible project that sets us apart.”

Yacht Carbon Offset’s Managing Director Mark Robinson commented: “Our clients are particularly excited by projects with strong benefits for marine or island ecosystems, so we are delighted to have procured carbon credits from the Galapagos project.  It is one thing to be aware of the existence of the project itself, but quite another to be able to source credits efficiently and on acceptable commercial terms.  We appreciate the professionalism, market access and expertise of the ClimateCare team, since it is vital for us to rely on approved wholesale suppliers with excellent credentials to maintain our own service quality. Thanks to the team for a job well done.”

This project has replaced diesel generators with three wind turbines on the island of San Cristobal in the Galapagos Islands. The world famous islands are a flagship for biodiversity and famous for their endemic species, studied by Charles Darwin. Located in a UNESCO World Heritage Area, 85% of the island is part of the Galapagos National Park. Years of concern about the risk of fuel spills to its fragile ecosystem culminated in 2001, when the oil tanker “Jessica” ran aground in the harbour of San Cristobal, releasing significant amounts of oil. This devastating incident triggered an international initiative to reduce the areas dependence on diesel fuel and the provision of carbon finance helped enable this.

The Galapagos San Cristobal Wind Project, the first wind project in Ecuador, has been implemented by the Global Sustainable Electricity Partnership in close collaboration with the Ecuadorian Ministry of Energy and Mines, Elecgalapagos S.A. (the local electricity utility), and the United Nations Development Programme (UNDP). This project is so important because it not only cuts carbon emissions, but significantly lowers the risk of further oil spills by reducing the frequency of fuel deliveries to the island, protecting the environment and safeguarding much needed income from tourism. The ultimate goal of Ecuador and UNDP is to make the Galapagos Islands 100% free of petroleum imports by the year 2015.

Critically, for such a remote island, the opportunity to reduce dependence on shipped fuel also has economic benefits. During its first year, the project delivered 31% of the island’s annual electricity demand, with equivalent to 2,034 tonnes of CO2 avoided.

On the ground, the team made every effort to minimise the environmental impact of the project. For example they worked to protect endangered bird species, such as the Galapagos Petrel, by placing power cables underground, controlling invasive species and predators and conducting long-term monitoring of the bird’s well-being.

ClimateCare offers clients access to a wide range of VER and CER credits. To discuss your requirements contact the team on +44 (0) 1865 591000.

 

 

ClimateCare Director, Edward Hanrahan, ‘Thinks Big’ in Carbon Trading Magazine

An article in this month’s Carbon Trading Magazine explains how community carbon projects can be developed at scale and deliver multiple benefits, read it here – Thinking Big by Edward Hanrahan.

Carbon Trading Magazine is a subscription only publication. Visit www.carbon-trading.com for more information. Permission has kindly been given to reproduce this two page article.