Glossary

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. 

Marsoft and ClimeCo Collaborate to Accelerate Decarbonization in Shipping

Marsoft and ClimeCo Collaborate to Accelerate Decarbonization in Shipping

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

Marsoft and ClimeCo Collaborate to Accelerate Decarbonization in Shipping


Boston, Massachusetts (July 14, 2022) –
 Marsoft Inc., the leading maritime consultancy, and ClimeCo LLC, a leader in the carbon credits market, announce a collaboration to expand the range and value of Marsoft’s GreenScreen carbon credit services (GreenScreen), removing financial barriers to the shipping industry’s commitment to achieve material CO2 emissions reductions.

Marsoft’s GreenScreen services enables Shipowners to issue Gold Standard carbon credits based on the CO2 emissions reduction they create by retrofitting their ships. Sold, these credits help overcome the hurdles that now limit investments in retrofits, reducing risks and increasing the profitability from the reduction in CO2 attributable to the retrofits. 

“Carbon credits can be an important source of funding for retrofits that reduce fuel consumption and CO2 emissions. Gold Standard certification of those reductions gives owners access to the rapidly expanding voluntary carbon market. By collaborating to simplify, accelerate, and cut costs from the carbon credit verification, issuance, and monetization process Marsoft and ClimeCo will make carbon credits part of the industry-wide solution to the challenge of decarbonization,” said Arlie Sterling, President at Marsoft Inc.

Bill Flederbach, CEO and President of ClimeCo, highlighted the value of this newly formed team: “We will deliver substantial cost and time savings while enhancing value to those customers who take advantage of GreenScreen. ClimeCo is putting its 17 years of experience and unmatched carbon trading scale and expertise behind shipowners and their determination to decarbonize their business. ClimeCo’s deep carbon market expertise and relationships will maximize the value of their carbon credits.”

Erika Schiller, VP of Project Development at ClimeCo, emphasized the powerful benefits from the collaboration. “Leading shipowners have already signed up for GreenScreen and have already budgeted a million-tonne reduction in CO2 emissions over the next five years. The Marsoft/ClimeCo team will establish a high value/high liquidity presence in the carbon markets for credits from shipping. GreenScreen is proven and unique, and we are committed to making it even better by teaming with Marsoft.”

With Marsoft’s shipping knowledge and GreenScreen breakthrough technology, and ClimeCo’s carbon solution development and market reach, the shipping business will finally have the solution it needs to reduce emissions today. Together, Marsoft and ClimeCo provide a path by which ship owners can act now to reduce their CO2 emissions at minimum cost and maximum revenue potential.

Marsoft and ClimeCo have committed to offering an effective and efficient industry-level solution to the CO2 emissions reduction verification, credits issuance, and monetization challenges. The combination of ClimeCo’s environmental solutions track record and Marsoft’s breakthrough management tools for the shipping industry ensures that the shipping industry can benefit from the state-of-the-art and critical mass. Marsoft and ClimeCo have invested substantial resources and are willing to invest alongside the shipowner to reduce CO2 emissions.

 


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 Marsoft Inc. 

Established in 1984, Marsoft provides expert, objective, and timely support for investment, chartering, and financing decisions. Marsoft’s quantitative models and expert judgment have improved the quality of decision-making for almost four decades. Marsoft decision support systems integrate data and analysis to enrich our client’s decision-making process, including the integration of climate-focused initiatives such as the Poseidon Principles. The analytical platform underpinning Marsoft’s GreenScreen services was developed in collaboration with the MIT SeaGrant Design Laboratory. Marsoft is committed to working with the shipping industry to minimize CO2 emissions and support the UN Sustainable Development Goals while meeting all stakeholder requirements. Marsoft is a founding member of the  Blue Sky Maritime Coalition, whose mission is to accelerate the decarbonization of North American waterborne trade.

For more information, press only: Lorraine Parsons; lparsons@marinemoney.com

For more on Marsoft and GreenScreen: www.marsoft.com

What Are Sustainable Development Goals and How Can You Assess Their Impact?

What Are Sustainable Development Goals and How Can You Assess Their Impact?

What Are Sustainable Development Goals and How Can You Assess Their Impact?


by: Stephanie Hefelfinger and Rebecca Stoops | January 19, 2022

The WaY Project - Women with health insurance

Sustainable Development Goals (SDGs) are a popular topic worldwide, and you’ve probably seen organizations displaying their SDG contributions with these colorful icons. How are they justifying their SDG claims? How can you feel confident when purchasing credits, and what are the levels of assurance for SDG claims? What tools do professionals use to analyze their projects? 

What are SDGs?

The SDGs are 17 key issues that projects, businesses, and governments must target to improve the world by 2030. They were created by the United Nations (UN) Development Program and include targets like No Poverty, Responsible Consumption and Production, and Clean Water and Sanitation.  

Sustainable Development Goals - SDGs interconnect together

This diagram shows how all SDGs are interlinked and depend on each other. Image source: How food connects all the SDGs – Stockholm Resilience Centre 

Case Study of The WaY Project and Available SDG Tools 

In the voluntary credit market, plastic credits have been established to represent 1 metric ton of plastic waste collected from the environment. Projects like this can also offer other benefits that improve the community’s well-being and the environment – these benefits can align with the Sustainable Development Goals. 

The WaY (Women and Youth) plastic collection project in Cote d’Ivoire, developed by Conceptos Plásticos, collects plastic waste that would have otherwise been left in the environment. The plastic is turned into construction bricks, which are used to build schools for local communities. The project focuses on hiring women to increase empowerment and economic opportunities for a heavily underserved population. ClimeCo is partnering with the WaY Project to generate plastic credits from its plastic collection activities.  

It is essential for an organization to provide a good faith effort when presenting their SDG impact claims. When purchasing credits from a project with these claims, we highly recommend that you contact them and ask what steps they took to assess their SDG impact. To help you with this, let us walk you through the public SDG tools we used to determine our project’s biggest SDG benefits.  

The Tools

The SDG Impact Assessment Manager Tool is a free resource developed by the UN Global Compact and B Lab. The SDG Impact Assessment Manager Tool measures a project’s current impact and helps identify which SDGs have the greatest opportunity for improvement, with straightforward suggestions for actual changes. Think of this as an SDG personality quiz for a project.   

This is an example of a question from SDG 10 – Reduced Inequalities, as well as SDG 8 – Decent Work and Economic Growth: 

SDG Impact Assessment Question Example

The SDG Compass was developed by the UN Global Compact, the World Business Council for Sustainable Development (WBCSD), and the Global Reporting Initiative (GRI). Since the UN developed the SDGs at an international and country level, it can be hard to understand how they relate to smallerscale projects. This tool translates each SDG and all the targets into manageable and realistic goals that a project can achieve. The SDG Compass recommends prioritizing SDGs that could potentially affect human rights.  

The Outcome of Our Efforts 

We started with the SDG Impact Assessment Manager ToolThis requires the completion of 15-30 questions for each SDG, which usually takes a few hours to completeThe higher the score percentage (see below), the higher the impact on the goal. While The WaY Project has a positive effect on many SDGs, the results of this tool demonstrate that the largest impact is on SDGs 1, 4, 5, 9, and 10.  

The WaY Project's SDGs Impact Assessment

Next, we used the SDG Compass to study each SDG in greater detailThis explains how our project intends to actively meet the relevant SDGs. 

SDG Compass - How our project intends to actively meet the relevant SDGs.

Next, we created a diagram to see what parts of our project are directly quantifiable and measurable. All impacts are important, but its easier to prove and certify measurable impacts. Gold Standard recommends this step through their tool.

Gold Standard Tool - prove and certify quantifiable and measurable impacts.

Leveraging all three tools, we can see where our project has the biggest impactWe’ve also determined where we can improve. For example, The WaY project should continue encouraging women to use the provided Proper Protective Equipment (PPE) and work with the women to choose improved PPE offerings that fit their cultural attire 

Côte d'Ivoire - The WaY Project

Conclusion 

For those who want greater assurance on SDG claims, there are several credit registries that offer credits with SDG impacts that a 3rd party has verified – Gold Standardthe American Carbon Registrythe Climate Action Reserve, and Verra. At ClimeCo, we want clients to feel confident in our projects and their SDG claimsWe are here to educate and be a resource for understanding SDG claims, finding the right projects for clients’ ESG goals, and helping new projects develop their SDG claims. Feel free to reach out to us if you have any questions; we are happy to help.

ClimeCo - SDGs certified under Gold Standard

This is an example of certified SDGs from a project listed under Gold Standard’s registry. 


About the Author

Rebecca Stoops is a Project Manager at ClimeCo, focusing on plastic credit projects and refrigerant projects for carbon credits. She enjoys hiking, the great outdoors, and cleaning up nature by picking up trash. Stephanie Hefelfinger is a Project Associate at ClimeCo, focusing on plastic credit projects and livestock and composting projects for carbon credits. She enjoys hunting for pretty rocksThey both enjoy getting into the nittygritty details of projects to learn how they operate and their positive impacts on the environment.