Glossary

ClimeCo Partners with Enaleia to Establish a Verra Plastic Collection Project in Kenya

ClimeCo Partners with Enaleia to Establish a Verra Plastic Collection Project in Kenya

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FOR IMMEDIATE DISTRIBUTION
CONTACT
Nancy Marshall, Vice President, Marketing
484.415.7603 or nmarshall@climeco.com  

ClimeCo Partners with Enaleia to Establish a Verra Plastic Collection Project in Kenya

CC & Enaleia PR

Boyertown, Pennsylvania (September 14, 2022) – 
ClimeCo, a leader in the management and development of environmental commodities, has partnered with Enaleia to remove plastic pollution from vital fishing areas. Enaleia is a non-profit that engages coastal communities to collect plastic on land and in the ocean to reduce pollution and improve marine biodiversity conservation. This partnership will support Enaleia’s newest project in Kenya, contributing to the generation of plastic credits through Verra. With additional funding from ClimeCo and the sale of the credits, Enaleia estimates they will collect 1,000-3,000 tonnes of plastic annually in Kenya.

“A plastic credit is an environmental commodity that represents the collection or recycling of one tonne of plastic material, which can be used in companies’ ESG, CSR, and sustainability programs,” says Chris Parker, ClimeCo’s Director of Plastic Program. “Our approach is to create a system solution to the ocean plastic challenge.”

Enaleia, along with other professional entities that are experts in sustainable development, are collaborating with ClimeCo and the Kwale Recycling Center in Kenya to make sure that the plastic will not only be collected but also integrated into the circular economy.

The Kenya project supports over 350 fishers in Kwale County by empowering them to collect abandoned nets, gear, and marine litter. This number will increase to 800 people from the coastal communities in the following months. The waste is then taken to Kwale Recycling Center, a local collection and recycling company that transports and processes it into useful materials and products.

“Through the plastic credit model, we can set up large-scale plastic cleanup projects that can create a real impact on our oceans,” says Lefteris Arapakis, Enaleia’s Co-Founder and Director. “Taking into consideration that around 20% of ocean plastic is lost fishing gear, by empowering the fishing communities at this scale, we can not only clean up significant amounts of plastic but also prevent further ocean plastic pollution.”

This project incentivizes and encourages the fishing community to use more sustainable fishing practices, including the reduction of overfishing by pausing and limiting their fishing activities while collecting plastic. It also provides a supplemental source of income to an area experiencing some of the highest poverty rates in the country.

To learn more about plastic credits and this project, contact us



About ClimeCo

ClimeCo is a respected global advisor, transaction facilitator, trader, and developer of environmental commodity market products and related services. We specialize in voluntary carbon, regulated carbon, renewable energy credits, plastics credits, and regional criteria pollutant trading programs.  Complementing these programs is a team of professionals skilled in providing sustainability program management services, and developing and financing of GHG abatement and mitigation systems.


About Enaleia

Enaleia is a non-profit social enterprise tackling two directly related problems for the marine environment: the reduction of fish stocks and plastic sea pollution. Its mission is to make the marine ecosystem sustainable by tackling overfishing and plastic pollution. Enaleia teaches fishing practices that preserve local fish populations and remove the mounds of plastic that pollute the world’s seas, adapting the fishing industry for a green future.

ClimeCo Partners with Aclymate, a Software Solution for Small Businesses Interested in Making Climate Impacts

ClimeCo Partners with Aclymate, a Software Solution for Small Businesses Interested in Making Climate Impacts

NEWS RELEASE
FOR IMMEDIATE DISTRIBUTION
CONTACT
Nancy Marshall, Vice President, Marketing
484.415.7603 or nmarshall@climeco.com  

ClimeCo Partners with Aclymate, a Software Solution for Small Businesses Interested in Making Climate Impacts

 

Boyertown, Pennsylvania (September 8, 2022) – ClimeCo, a global company that focuses on developing and trading environmental commodities and advising clients on sustainability and emerging environmental markets, announces a partnership with Aclymate.

Aclymate is a web-based application solution for small and medium-sized businesses that desire to address their climate footprint but are otherwise unable to do so in a practical or economical manner. They offer users a robust, intuitive, and friendly way to transform their best climate intentions into climate action so that any business can become a climate leader.

“There are more than 30 million small businesses in the United States alone. Small business owners are passionate about being part of the solution to environmental problems,” says Derek Six, Chief Operating Officer at ClimeCo. “Still, there were not any affordable and effective tools for these business owners to begin their sustainability journey. Aclymate empowers small businesses, and ClimeCo is excited to support this effort.”

Aclymate provides carbon footprint and certification services to smaller companies at a cost-effective price, allowing them to show their customers, employees, and stakeholders that they are taking action in the fight against climate change.

“I have been fortunate to know a great many players in carbon markets, and I can say, unequivocally, that Derek and the ClimeCo team are amongst the best,” says Mike Smith, CEO of Aclymate. “I am very excited about this partnership and how we can bring the power of ClimeCo to the small and medium-sized business space.”

ClimeCo will participate on the Board of Directors and support Aclymate in maintaining a great selection of high-quality offset projects. This collaboration will provide Aclymate’s clients with expanded services, including expert ESG Advisory from ClimeCo. The partnership will also strengthen Aclymate’s carbon accounting and carbon offset offerings to a market segment that is generally underserved.

 


About ClimeCo

ClimeCo is a respected global advisor, transaction facilitator, trader, and developer of environmental commodity market products, projects, and related services. We specialize in voluntary carbon, regulated carbon, renewable energy credits, plastics credits, and regional criteria pollutant trading programs. Complementing these programs is a team of professionals skilled in providing sustainability program management services, and developing and financing of GHG abatement and mitigation systems.

For more information or to discuss how ClimeCo can drive value for your organization, contact us at 484.415.0501, info@climeco.com, or through our website climeco.com. Follow us on LinkedIn, Facebook, Instagram, and Twitter using our handle, @ClimeCo.


About Aclymate 

Aclymate empowers small and medium-sized businesses to become Climate Leaders. With no special knowledge required, our customers can determine their emissions footprint in under 10 minutes per month, find ways to reduce their impact, and offset what cannot be eliminated – all leading to our Climate Leader certification. For more information or to sign up for a free consultation, please go to aclymate.com.

Offset Pricing Monthly Market Digest – August 2022

Offset Pricing Monthly Market Digest – August 2022

Offset Pricing Monthly Market Digest – August 2022

by Derek Six | September 7, 2022


Offset Supply Information:

All CCOs issued to date: 238.81 million

CA and General Market Commentary:

  • Issuances of CCOs in August totaled 476,620. This brings the issuance of CCOs in 2022 YTD to 6.9 million. This continues a trend of decreasing issuances of CCOs:



  • At least three factors may be at work influencing this severe downturn in CCO issuances: 
    1. Many of the largest potential forestry and ODS projects may have already been developed, and we may be observing a permanent decline in opportunities under the current protocols.
    2. The pandemic may have delayed the development of new projects and/or the process of verification site visits for existing projects.
    3. Many projects have elected to switch their registration. Dairy methane projects have largely transferred over to the LCFS program. Other projects may have elected to register under voluntary protocols given the high voluntary market prices seen in late 2021.

ClimeCo is a respected global advisor, transaction facilitator, trader, and developer of environmental commodity market products and related services. We specialize in voluntary carbon, regulated carbon, renewable energy credits, plastics credits, and regional criteria pollutant trading programs.  Complimenting these programs is a team of professionals skilled in providing sustainability program management services and developing and financing of GHG abatement and mitigation systems.

For more information or to discuss how ClimeCo can drive value for your organization, contact us at 484.415.0501, info@climeco.com, or through our website climeco.com. Be sure to follow us on LinkedIn, Facebook, Instagram, and Twitter using our handle, @ClimeCo.

The Inflation Reduction Act of 2022: Tipping the Scale Toward Clean Energy

The Inflation Reduction Act of 2022: Tipping the Scale Toward Clean Energy

NEWS RELEASE
FOR IMMEDIATE DISTRIBUTION
CONTACT
Nancy Marshall, Vice President, Marketing
 484.415.7603 or nmarshall@climeco.com

The Inflation Reduction Act of 2022: Tipping the Scale Toward Clean Energy


by: Erica Lasdon | August 30, 2022


Boyertown, Pennsylvania (August 30, 2022) –
Sweeping legislation signed into law this month by President Biden will allow for unprecedented investments to decarbonize the nation’s economy. The Inflation Reduction Act (IRA) earmarks the bulk of its $490 billion spending on clean energy and climate change mitigation initiatives.

Combined with other recent spending bills, the U.S. government is set to begin a period of transformative investments. The Rocky Mountain Institute, a clean energy think tank, notes that the combined bills will more than triple annual real federal spending compared with recent years, which was already elevated from levels of the 1990s and early 2000s. 



While the IRA is far from perfect, advocates say it provides extraordinary opportunities for the conservation of our nation’s lands and waterways and includes significant resources for restoring wildlife habitats and forests. 

The legislation is expected to reduce U.S. greenhouse gas (GHG) emissions to approximately 40%, compared to 2005-levels, by 2030. Without enactment of the IRA, the U.S. was on course to reduce its GHG emissions to only 26%, compared to 2005-levels, over this period, according to an analysis from the World Economic Forum

For the U.S. to reach its emissions-reduction targets, it’s imperative that we begin to take action across the entire technology adoption curve. This means exploring: 

  • Existing technologies that are ready for market but not deployed. 
  • Solutions that require some further development to be market ready. 
  • Technologies that are only prototypes and need significant development.


Importantly, IRA resources will focus on the most hard-to-abate industrial sectors, such as electric power generation. 

As widely reported, the IRA is projected to drive significant emissions reductions in the electric power sector. To a certain extent, this can lower production emissions in steel, cement, and other carbon-intensive industries. However, practical options to capture carbon from industrial processes and traditional energy production require substantial investment to help meet climate goals. The IRA addresses these challenges by creating incentives through a system of grants, loans, and tax credits, including making certain existing credits larger and more durable. 

Here are a few key IRA provisions for companies and investors to be aware of:

  • Changes to 45Q, the existing tax credit for carbon capture and storage (CCS), make it more profitable and easier to access. Companies will be able to earn $85 for every metric ton of CO2 sequestered, rather than $50/ton previously. (The amount earned is less if the CO2 is buried during oil extraction.) The timeline is more favorable too. Previously, a company had to start building capture equipment by 2026. Now it’s 2033. The IRA also significantly lowers the minimum capture requirement.

  • Methane emissions are an urgent issue for many industries, as this type of emission is far more potent than carbon dioxide and hard to detect. For the oil and gas industry, investments in methane detection and a first-time federal fee on methane emissions will amplify existing initiatives within industry to tackle this problem. The IRA also funds grants, rebates, loans, and other assistance to facilities subject to the methane fee for a variety of measures, including adding or improving equipment and processes that reduce methane emissions.

  • Other long-term tax credits include clean hydrogen fuel development, direct-air-capture deployment, and advanced nuclear projects for heavy industry.

By driving down the cost of clean energy and other climate solutions, this approach may make it easier for companies and local governments to increase their climate ambitions. 

Regardless of your business’s sector, you will feel the impact of the IRA and related legislation. As the landscape shifts, companies and investors should factor an increasing rate of technological and systems change into their future plans. 

Deep decarbonization is complex work that requires a diverse set of policy, legal, technology, and market solutions. Forthcoming investments by the U.S. government seek to put the country on a net-zero pathway. Importantly, investors and corporations have many tools available to assess their pathways to net-zero.  

Since our founding, ClimeCo has been a leading transformation partner to companies, investors, and governments pursuing a low-carbon future.  As a vertically integrated sustainability solutions provider, we have enabled our clients to go beyond business as usual. By developing frontier technology- and nature-based carbon-reduction projects, transacting voluntary and compulsory environmental credits, and advising on climate risk and disclosure, our team is dedicated to implementing decarbonization pathways tailored to our clients’ specific sectors, business models, and balance sheets. 

Please get in touch with us if you want to learn more about our: 

  • Complete range of ESG Advisory solutions that help companies improve readiness and resilience in the ever-changing regulatory environment. 

  • Project Development capabilities around high-quality carbon projects that feature strong engagement with our project partners, local stakeholders, carbon registries, and credit buyers.
  • Environmental Credit offerings from projects we develop and projects we invest in.


About ClimeCo

ClimeCo is a respected global advisor, transaction facilitator, trader, and developer of environmental commodity market products, projects, and related services. We specialize in voluntary carbon, regulated carbon, renewable energy credits, plastics credits, and regional criteria pollutant trading programs. Complementing these programs is a team of professionals skilled in providing sustainability program management services, and developing and financing of GHG abatement and mitigation systems.

For more information or to discuss how ClimeCo can drive value for your organization, contact us at 484.415.0501, info@climeco.com, or through our website climeco.com. Follow us on LinkedIn, Facebook, Instagram, and Twitter using our handle, @ClimeCo.

Offset Pricing Monthly Market Digest – August 2022

Offset Pricing Monthly Market Digest – July 2022

Offset Pricing Monthly Market Digest – July 2022

by Derek Six | August 8, 2022

 
Offset Supply Information:

All CCOs issued to date: 238.34 million

CA and General Market Commentary:

  • Issuances of CCOs in July totaled 506,768. This brings the issuances of CCOs in 2022 YTD to 6.8 million. This continues a trend of decreasing issuances of CCOs:


  • At least three factors may be at work influencing this severe downturn in CCO issuances: 
    1. Many of the largest potential forestry and ODS projects may have already been developed, and we may be observing a permanent decline in opportunities under the current protocols.
    2. The pandemic may have delayed the development of new projects and/or the process of verification site visits for existing projects.
    3. Many projects have elected to switch their registration.  Dairy methane projects have largely transferred over to the LCFS program.  Other projects may have elected to register under voluntary protocols given the high voluntary market prices seen in late 2021.

ClimeCo is a respected global advisor, transaction facilitator, trader, and developer of environmental commodity market products and related services. We specialize in voluntary carbon, regulated carbon, renewable energy credits, plastics credits, and regional criteria pollutant trading programs.  Complimenting these programs is a team of professionals skilled in providing sustainability program management services and developing and financing of GHG abatement and mitigation systems.

For more information or to discuss how ClimeCo can drive value for your organization, contact us at 484.415.0501, info@climeco.com, or through our website climeco.com. Be sure to follow us on LinkedIn, Facebook, Instagram, and Twitter using our handle, @ClimeCo.

Johnson Matthey and ClimeCo Collaborate to Accelerate The Deployment of Low Carbon Solutions

Johnson Matthey and ClimeCo Collaborate to Accelerate The Deployment of Low Carbon Solutions

NEWS RELEASE
FOR IMMEDIATE DISTRIBUTION
CONTACT
Nancy Marshall, Vice President, Marketing
484.415.7603 or nmarshall@climeco.com  

Johnson Matthey and ClimeCo Collaborate to Accelerate The Deployment of Low Carbon Solutions



Boyertown, Pennsylvania (July 25, 2022) – Johnson Matthey (JM), a leader in sustainable technologies, is collaborating with ClimeCo, a global climate solutions company, to accelerate the deployment of enhanced carbon capture solutions for industry. Under an MoU, the two companies will help synthesis gas (syngas) producers, initially in hydrogen and methanol, to build the business case for reducing CO2 emissions from existing processes by up to 95%.

Combining JM’s unique skills in technology development and deployment with ClimeCo’s expertise in ESG strategy and regulatory analysis, will enable syngas producers to make immediate progress on complex carbon issues by supporting project economics development, de-risking the business case for decarbonisation projects, and providing a mechanism to create validated CO2 emissions reductions and creating compliance credits in many government-backed carbon markets. Together, they will empower customers to make informed decisions on allocating capital for the deployment of JM’s CLEANPACE™ solutions, accelerate emissions reductions, and future-proof their plants against the rising costs of carbon.

ClimeCo signing with Johnson Matthey

Syngas producers are responsible for approximately 70% of CO2 emissions in the chemicals sector. The opportunity for JM’s Low Carbon Solutions to deploy existing technology to over 150 grey hydrogen plants in Europe and North America alone could reduce CO2 emissions by over 100 million tons per year by 2030. This is equivalent to the annual greenhouse gas emissions from approximately 40 million cars. This is an addressable market of £1-2 billion and Low Carbon Solutions is a key growth driver for JM.

“Companies around the world are under pressure to reduce carbon emissions and meet net zero targets,” says Jane Toogood, Catalyst Technologies Chief Executive at JM. “Creating strategic partnerships allows us to offer our customers rounded and complete solutions. By working with ClimeCo, we will enable industries such as chemicals and refining, which rely on syngas, to quickly understand the regulatory frameworks, accelerate capital decisions for decarbonisation programmes and easily deploy proven technology solutions that can have an impact today, to create a cleaner world.”

“In order to decarbonise, industry is faced with a complex set of regulatory and financial hurdles,” says Bill Flederbach, ClimeCo’s CEO and President. “This alliance, leveraging ClimeCo’s expertise in regulatory analysis along with advocacy and leadership in environmental credit creation and transactions, supports stakeholders across “hard to abate” industrial sectors by identifying technically and economically viable decarbonisation pathways, helping them go beyond conceptual studies to deploy technology solutions that make a difference today.”

 


About ClimeCo

ClimeCo is a respected global advisor, transaction facilitator, trader, and developer of environmental commodity market products, projects, and related services. We specialize in voluntary carbon, regulated carbon, renewable energy credits, plastics credits, and regional criteria pollutant trading programs. Complementing these programs is a team of professionals skilled in providing sustainability program management services, and developing and financing of GHG abatement and mitigation systems.

For more information or to discuss how ClimeCo can drive value for your organization, contact us at 484.415.0501, info@climeco.com, or through our website climeco.com. Follow us on LinkedIn, Facebook, Instagram, and Twitter using our handle, @ClimeCo.


About Johnson Matthey 

Johnson Matthey is a global leader in sustainable technologies that enable a cleaner and healthier world. With over 200 years of sustained commitment to innovation and technological breakthroughs, we improve the performance, function and safety of our customers’ products. Our science has a global impact in areas such as low emission transport, energy, chemical processing and making the most efficient use of the planet’s natural resources. Today about 15,000 Johnson Matthey professionals collaborate with our network of customers and partners to make a real difference to the world around us. For more information, visit www.matthey.com. 

For more information email jmpr@matthey.com or call +44 207 269 8001.