Glossary

ClimeCo Partners with YAKOPI and PUR Projet for Mangrove Reforestation Project in Indonesia, Bolstering the Ecology and Economy of the Region

ClimeCo Partners with YAKOPI and PUR Projet for Mangrove Reforestation Project in Indonesia, Bolstering the Ecology and Economy of the Region

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

ClimeCo Partners with YAKOPI and PUR Projet for Mangrove Reforestation Project in Indonesia, Bolstering the Ecology and Economy of the Region

ClimeCo’s Nature-Based Carbon Offset Credits to Fund 6,000 Acres of Mangroves in Aceh and North Sumatra Regions Decimated by Aquaculture and Tsunami

Women working on YAKOPI and Pur Projet mangrove restoration project

Boyertown, PA – April 4, 2022 – ClimeCo, a leader in the development and management of environmental commodities, announces its partnership with YAKOPI (Yayasan Konservasi Persisir Indonesia) and PUR Projet for the reforestation of vital mangroves in the Aceh and North Sumatra Regions of Indonesia.

Mangroves sequester three to five times the amount of carbon as regular forests. Indonesia is home to over 20% of the world’s mangroves. In the last three decades, roughly 40% of Indonesia’s mangroves have been lost due to shrimp and fish aquaculture, leaving many former shrimp ponds abandoned and local communities with little access to economic opportunities. The North Sumatra region has lost 60% of its pristine mangroves due to aquaculture, putting coastal resilience, biodiversity, and wildlife habitats at enormous risk. Aquaculture isn’t the only culprit in the loss of mangroves; in the Aceh region, a substantial amount of its mangroves were lost due to a tsunami in 2004.

ClimeCo will fund the reforestation of these mangroves by selling the resulting third-party verified carbon credits and implementing the project through their local partnerships with YAKOPI and PUR Projet. This investment will support gender-equitable employment, ecosystem services payment to local communities, ecotourism business development, and a pilot program for locals to implement silvofisheries- a form of sustainable aquaculture that integrates planting and maintenance and protection of mangrove forests in aquaculture ponds.

The improved livelihoods of the local communities and the long-term success of this mangrove reforestation project are interdependent- with the support of our partnerships, this project has all the right elements to achieve both,” says ClimeCo Program Development Manager David Chen

Participants in the voluntary carbon markets are becoming more aware of the environmental, social, and economic co-benefits of mangrove reforestation/conservation projects, and demand for these carbon offsets is accelerating.

For years, clients have looked for ways to support carbon emission reductions in the oceans.  Mangrove projects offer a locally beneficial, third party verified, registry approved method to do so,” says ClimeCo Vice President, Voluntary Markets Dan Linsky.

Man sitting on mangrove restoration field

ClimeCo has witnessed substantial, diverse, global interest in the purchase of mangrove projects from its carbon offset buyers. Such interest has been expressed during ongoing conversations, and as such, ClimeCo has transacted hundreds of thousands of mangrove-derived voluntary CO2e reductions so far in 2022.

Such interest is grounded in corporate and consulting staff recognition of the charismatic, abundant, substantial, and important co-benefits of mangrove projects. From shoreline protection to habitat restoration, generating new jobs to rebuilding food supplies, the seemingly endless list of mangrove restoration impacts in addition to carbon capture and storage has been very moving to carbon offset purchasers. These benefits represent why ClimeCo has approached this project and so many of its past projects with enthusiasm: These projects are more than just carbon reductions; we are looking to go beyond.

About Our Partners

  • YAKOPI is a local Indonesia group dedicated to restoring mangroves and providing employment opportunities for local women and youth. Directed by Eling Tuhono, YAKOPI are experts and local leaders in mangrove restoration and will be responsible for managing many logistical aspects of the program on the ground.
  • PUR Projet is a certified B Corporation that specializes in designing and implementing agroforestry projects, nature-based solutions, and sustainable supply chain interventions. As an on-the-ground project developer, PUR Projet will manage components of the carbon offset certification, help navigate local culture/politics and advise on reforestation efforts.

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.  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 “contact us” page at climeco.com. Be sure to follow us on LinkedIn, Facebook, Instagram, and Twitter using our handle, @ClimeCo.

ClimeCo Expands Project Development Leadership with the Hire of Erika Schiller

ClimeCo Expands Project Development Leadership with the Hire of Erika Schiller

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

ClimeCo Expands Project Development Leadership with the Hire of Erika Schiller


BOYERTOWN, Pennsylvania (March 1, 2022) – ClimeCo announces the expansion of its leadership team with the hire of Erika Schiller as Vice President of Project Development. She will lead the team, spanning new methodology development, consulting, and project management to assist customers, create measurable environmental benefits, and generate environmental credits.

“ClimeCo represents energy-intensive industries that have unique decarbonization challenges,” says William Flederbach, President and CEO of ClimeCo. “We are building our team and leveraging a proven track record of thirteen years to meet our customer’s needs. Erika will expand and support cutting-edge decarbonization strategies by leveraging our finance, design, and build expertise. In 2022 and beyond, investing in low carbon technologies is paramount to achieving our aggressive global climate goals, and I couldn’t be more excited to have Erika leading this practice.” 

Schiller will build on ClimeCo’s strengths in industrial greenhouse gas (GHG) management, nature-based solutions, such as reforestation and composting, and plastics mitigation. Additionally, she’ll look to expand in other industrial spaces like low-carbon cement, renewable natural gas, and carbon capture use and storage (CCUS). She excels in taking customer-focused approaches to business development and growing new business lines.

“ClimeCo was compelling to me because of their market-based approach to tackle environmental challenges,” says Schiller. “I see a strong business case for measuring and delivering GHG reductions, and other benefits for a world focused on how to achieve net-zero this century. ClimeCo is poised for growth, and I’m excited to contribute my expertise to their strong foundation.”

Before joining ClimeCo, Schiller worked in the low-carbon energy industry for ten years, spanning energy storage to renewable fuels and carbon capture use & storage with Chevron. She helped Chevron launch its renewable natural gas business, forming two joint ventures in dairy RNG production. She then moved to their corporate strategy and sustainability team, where she led the commercial strategy for a new CCUS global business line and supported the start-up of their New Energies business unit. 

Schiller earned her Master of Business Administration from Georgetown University, McDonough School of Business, and her Bachelor of Science from Vanderbilt University.

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.  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.

A Balanced Approach

A Balanced Approach

A Balanced Approach


by William Flederbach, President & CEO | September 30, 2020


Life is about balance.
Our fight against climate change must also be balanced.

At ClimeCo, we balance our investments on all types of projects that mitigate greenhouse gas (GHG) emissions.  From sequestering carbon with nature-based solutions (NBS) like grassland preservation, reforestation, and mangrove re-establishment, to destroying it at manufacturing sites before it ever gets emitted into the atmosphere, we strive for a balanced approach to addressing climate change. 

Our first focus as a company is on destroying GHGs before they ever have a chance to be emitted into the atmosphere.  This results in a permanent, non-reversible reduction that offers assurances to our clients.  So why is this approach to climate change not as popular in the marketplace?  Why does the market prefer to sequester GHGs from the atmosphere after they have already been emitted than trying to prevent them from making it that far in the first place?  Imagine how much easier it would be to knock it out at its origin than to chase it down later.  To us, the proper approach requires a balance of both – destroying the GHG molecules before they are emitted to the atmosphere and then sequestering any unavoidable emissions that occur.

 

The Facts

The USEPA publishes world-wide sources of GHG emissions by major economic sector.  The USEPA reported that destructive patterns of land use account for 24 percent of human-caused GHG emissions (See Figure 1).  Of this, deforestation and forest degradation account for 17 percent of global GHG emissions. 

 

Figure 1 – Sources of GHG Emissions (USEPA)


At the same time, studies by the Global Carbon Project revealed that 45% of the GHGs emitted to the atmosphere are retained there, with only 55% being sequestered by land and oceans (See Figure 2).

 

Figure 2 – Fate of Carbon Emissions (Global Carbon Project)


Since nearly half of all GHGs will remain in the atmosphere for long periods of time, never to be sequestered, this supports the absolute need for a balanced approach: stop what you can from entering the atmosphere while increasing land-based solutions to enhance sequestration for the rest.  It’s that simple… right?

 

Nature-Based Solutions

NBS has become the buzz phrase recently but these practices, such as proper forest stewardship and regenerative agriculture, are not new and have been in place at some level for decades.  In fact, at the heart of the Chicago Climate Exchange (CCX), which was founded in 2003, was the Continuous Conservation Tillage and Conversion to Grassland protocol.  I grew up in the country where farmers would rotate crops between corn and soybeans, and we understood this helped to keep the soil healthy (not to mention its positive impact on our corn maze adventures!).  Now, this solid farming stewardship is considered fundamental to regenerative agriculture.

Today, there has been a renewed focus on at-scale reforestation efforts (such as ClimeCo’s partnership with Restore the Earth), grassland preservation and restoration, mangroves re-establishment, regenerative agriculture, and more.  These all play a critical role in combatting climate change.

 

Reversal Risks

California, under the Assembly Bill 32 Cap-and-Trade program, has issued over 151 million tonnes of carbon offsets (in the forestry sector) since its inception 8 years ago. The California Government Wildfire Report, states that, as of September 28, 2020, there have been over 8,100 fires this year that have consumed more than 3.7 million acres.  According to the European Centre for Medium-Range Weather Forecasts, as of September 13, 2020, CO2 emissions from wildfires have reached about 83 million metric tonnes.  That is the highest level recorded since recordkeepings began in 2003.  The forest fires on the west coast are certainly exacerbated by climate change, as they are being fueled by two common contributors – dryer conditions and stronger winds.  Unfortunately, this will only get worse in the years ahead.  It is a sad story that highlights natural reversal risks in fire-prone areas of the country.

In addition to wildfires and other natural disasters, the intentional and illegal reversal of forests also occurs within countries wrought with political risk and unclear land rights.  For example, one only needs to look to Brazil, where a horrific tale of illegal deforestation is occurring.  According to conservation groups, deforestation in this region has soared since the Brazilian President, Jair Bolsonaro, took office last year.  Numbers released by the Amazon Deforestation Satellite Monitoring Project, a high-resolution system operated by INPE that produces Brazil’s official deforestation data, showed that 10,100 km2 of forest were cleared between August 2018 and July 2019, a 34% increase from the previous year. Imagine being an investor in forest carbon offset projects in Brazil; would you feel comfortable that you had made a sound investment, an investment that was going to help combat climate change?

Do the risks of accidental or intentional reversal mean that we should not pursue forest or other very important NBS projects?  No, I would argue that these examples are more reason to invest in projects to enhance NBS carbon sequestration.  That said, when making your investments, understand thoroughly how the methodologies account for reversal risk, and be sure to identify both the geographical and political risks.

 

Permanent GHG Removal

Removing GHGs at the point of origin has always been a major focus for ClimeCo.  We like this approach because of the permanent, non-reversible solution it provides us in the fight against climate change.  To-date, ClimeCo has stopped over 20 million tonnes of CO2e from entering the atmosphere, and we are just getting ramped up!  Our expertise includes nitrous oxide abatement at nitric acid plants, ozone-depleting substance (ODS) destruction, methane capture and use, methane avoidance (composting), and more. These projects have no reversal risks and are of the highest quality.  ClimeCo has recently leveraged its N2O experience to lead the development of the Climate Action Reserve (CAR) Adipic Acid Protocol, which was approved by the CAR Board on September 30th.  This project type will abate an additional 5-10 million tonnes of CO2e annually in the United States.  Adipic acid is used to produce high performance plastics, including plastics contained in automobile airbags and light weight plastic in electric vehicles.  ClimeCo is also designing and building additional nitric acid (primarily used in fertilizer production) N2O abatement projects across North America.  We will soon exceed 15 million tonnes per year of CO2e abatement.

Imagine if these projects had not happened and this GHG loading had entered the atmosphere.  This would mean that, in the absence of ClimeCo’s efforts, to-date there would be an additional 20 million tonnes of CO2e in the atmosphere and, over the next decade, another 150 million tonnes or more impacting our climate.  If we were to rely only on sequestering, like as in a reforestation project, to reverse 170 million tonnes of CO2e, it would require in today’s marketplace a total of 850,000 acres at an average price of $12/tonne (forestry credit prices currently range from $8-15/tonne), resulting in a total cost of around $2,040,000,000.  By comparison, the same impact could be realized for far less cost with no reversal risk from ClimeCo’s GHG abatement technologies.  

So, my point is that there needs to be a balance of both permanent destruction of GHG molecules and sequestration in the marketplace for us to achieve our climate goals.  Relying on just one method will not get us there but finding the balance between the two can.

About the Author

William “Bill” Flederbach cofounded ClimeCo in 2009 and has grown the business rapidly over the past 10 years.  Before starting ClimeCo, Bill managed the air quality practice at O’Brien and Gere (OBG), and worked and managed the international carbon markets at MGM International and AgCert.  He is a graduate of Pennsylvania State University and the Smeal College of Business at Penn State.

Challenge Accepted!!

Challenge Accepted!!

Challenge Accepted!!

by Quin Pompi | November 5, 2019


When I posed a seemingly harmless question to a friend the other week, “Do you want to have kids?” their pessimistic response surprised me. They said they didn’t want to bring a life into a world that is destined for destruction (referencing the fires plaguing the West Coast and the superstorms that struck the East Coast earlier in 2019). Sensationalistic weather patterns aside, it’s a somewhat pragmatic outlook given the forecasted trajectory of Earth’s climate.[1] While I don’t disagree that the forecast looks rather grim, I do disagree with my friend’s assessment that a decline into a climactic apocalypse is inevitable. Call me an optimistic millennial, but instead of seeing climate change as an insurmountable eventuality that has been placed on my generation, I see it as a challenge.

A large part of solving this challenge will be the task of decarbonizing our energy systems. This change is already underway, and it’s accelerating. You may have seen recent headlines of large utilities offering their clients energy derived from 100% renewable sources,[2] or making commitments to decarbonize their energy mix by a target date.[3] Many see wind and solar as the most obvious solutions to accomplish this goal, mostly due to their scalability, but while they may be the most obvious solutions, those alone won’t be enough. We need to take a long look at all possible energy sources. Finding a solution will require strategies that involve deep levels of innovation and ingenuity.

 

One such strategy is to employ solutions derived from the natural world, otherwise known as nature-based solutions (NbS). NbS refers to the sustainable management and use of nature for tackling socio-environmental challenges. While wind and solar use renewable resources, there is a whole other set of renewable energy development methods that use biological systems to create energy. For example, anaerobic digestion (AD) harnesses the activities of small, naturally occurring microbes, which break down organic waste (e.g. food scraps, manure, wastewater) to produce biogas. The gas can combust to generate electricity and heat, or it can process into renewable natural gas (RNG) or transportation fuels.[4]

Obviously, RNG alone won’t solve the decarbonization crisis, but it serves as an example of an innovative technology that we’ve created using a non-conventional approach, and it can serve as a template for developing alternative renewable energy sources and innovations.

I’m not trying to offer a definitive solution for our path to decarbonization. Instead, I want to instill in you a lasting sentiment of hope. Climate change does not have to be an eventuality ending in climactic apocalypse, like my friend says it will. I am confident that we will find a solution, and quite frankly, I am excited; excited to see how we will arrive at that solution; excited for the innovations and technologies that will be developed; and finally, I am excited that if my friend chooses to do so, they can bring a child into this world with a guilt-free conscience.

About the Author

Quin Pompi, a Project Manager at ClimeCo, joined the company shortly after earning his Bachelor of Arts in Ecology and Evolutionary Biology from Princeton University.  As a Certified Financial Modeling and Valuation Analyst (FMVA) coupled with a biology background, Quin specializes in leading and supporting all facets of business development efforts relating to ClimeCo’s expanding biogas project portfolio.  In his free time, Quin enjoys hobbies such as skiing, fly-fishing, and cooking. Recently, he has partnered with a local chef to build a successful start-up business that provides mobile wood-fired pizza catering to public and private events by using fresh, local-sourced ingredients.