Glossary

ClimeCo Involved in the First California Carbon Offset Futures Transaction

ClimeCo Involved in the First California Carbon Offset Futures Transaction

NEWS RELEASE
FOR IMMEDIATE DISTRIBUTION
Derek Six, Chief Business Officer
(484) 415-0501 or dsix@climeco.com

ClimeCo Involved in the First California Carbon Offset Futures Transaction

April 8, 2018 (BOYERTOWN, PA) – ClimeCo Corporation is pleased to announce that on April 7, 2019, they participated in the first trade of the new California Carbon Offset futures contract (CCO Contract) that was listed by the Intercontinental Exchange (ICE).  The CCO Contract provides critical price clarity and hedging capabilities to entities involved with offset credits in the California Cap and Trade program.  This new product will also contribute to market liquidity and spur the development of new projects.

As a leading developer of carbon offset projects in the California Cap and Trade program, ClimeCo is thrilled to support innovation in the offset marketplace.  “The launch of the new CCO Contract at ICE is exciting for ClimeCo and our offset project partners,” said Derek Six, ClimeCo’s Chief Business Officer.  “The availability of this contract and the transparent price quotes it will offer is going to spur investment in new projects.  We have been looking forward to the launch of an offset contract for a long time and it was rewarding to be part of this first transaction today.”

The new ICE contract is a futures contract for the physical delivery of California Carbon Offsets, where the invalidation period of the offset has been exhausted.  Contracts have so far been listed as far out as December 2022, offering market participants long-term price visibility.  For many of our clients, this new contract will be critical in understanding the compliance options that are available to them and their related costs.

The California Cap and Trade program began in 2012 and sets limits on the Greenhouse Gas (GHG) emissions in the state, which decline over time.  Emitters comply with the regulation by submitting compliance instruments equivalent to their emissions each year.  While offsets represent a small piece of the compliance program (entities can utilize offsets for up to 8% of their total obligation), offset projects offer many critical GHG benefits, like engaging non-capped sectors in the economy, spurring technological innovation, and helping to bring new practices and technologies to scale.  Offset projects also offer a wide variety of other co-benefits, such as improvements to local air and water quality, protection of ecosystems, and employment.

To learn more about ClimeCo, about how you can be a part of this growing business or how your company can benefit, contact us here.

ClimeCo Corporation is a respected project developer, advisor and trader of environmental commodity market products. Specialized expertise in regional criteria pollutant trading programs, California cap‐and‐trade, voluntary markets and project development and financing of internal CO2 abatement systems complement ClimeCo’s diverse commodity portfolio. Within the Climate Action Reserve, ClimeCo is the largest developer of U.S. GHG‐offset projects and producer of U.S. voluntary carbon offsets, managing projects that reduce more than four million tonnes of CO2e per year. For info, contact 484‐415-0501, nmarshall@climeco.com or dpingitore@climeco.com.

Third Eye Blind Mitigates Upcoming Summer Tour with ClimeCo

Third Eye Blind Mitigates Upcoming Summer Tour with ClimeCo

NEWS RELEASE
FOR IMMEDIATE DISTRIBUTION
Danielle A. Pingitore, Marketing Coordinator
(484) 415-0501 or dpingitore@climeco.com

Third Eye Blind Mitigates Upcoming Summer Tour with ClimeCo

January 29th, 2018 (BOYERTOWN, PA) – ClimeCo is excited to announce that they will be working with Third Eye Blind to voluntarily mitigate the carbon emissions of their 2019 Summer Gods Tour.  The tour will begin on June 14th in Los Angeles and end on August 3rd in Irvine, CA.  The tour will also include Jimmy Eat World and Ra Ra Riot as show openers.  Tickets will go on sale to the general public beginning Friday, February 1st at 10:00 AM local time at LiveNation.com

“I’ve enjoyed Third Eye Blind in concert at several venues, including one in Lake Placid, NY under the ski jumps,” says William Flederbach, President of ClimeCo.  “It was a very memorable and chilly event that the band will certainly not forget!  I am so pleased to see that in addition to their great music, the band is focused on environmental stewardship and I am very proud that ClimeCo could partner with the Third Eye Blind to offset the tour’s carbon footprint”.

Third Eye Blind has been touring greener every year.  Because the oceans need our help, the band and crew have been free of water bottles since 2017.  This year, to offset the tour’s carbon footprint, Third Eye Blind will be voluntarily investing in a carbon offset project in Alaska managed by ClimeCoThe American Land Conservancy, and the Rocky Mountain Elk Foundation.  Additionally, to offset audience travel – the biggest source of carbon emissions from the tour – a portion of each ticket sold on Live Nation will support a US-based ClimeCo carbon offset project. 

“Music and surfing are all foundational in my life and the longer I go, the more so it’s not a big step to seek to make our tours ocean-friendly,” says lead singer and guitarist, Stephan Jenkins. “Simple – skip single-use plastic, carbon offsets, and encourage others along the way.“

This Alaska-based offset project is the first of its kind in the region and supports conservation work on Afognak Island which is home to a coastal temperate rainforest with old-growth trees that are between 180 and 250 years old, plus a regrowth of new trees from the past 30 years. Together, these new and old forests create the potential for absorbing millions of tonnes of carbon dioxide from the atmosphere.

The project will help to protect this area from logging and other potentially destructive practices on the land to preserve its ecological value and nature. It also preserves the habitat for many important animal species, including Roosevelt elk, the Kodiak brown bear, red fox, river otter, weasels, five species of Pacific salmon and the bald eagle. 

ClimeCo is a leader in the management and development of environmental commodities. They maintain a diverse portfolio of offsets to meet their customers’ volume, project, and geographical diversification criteria. ClimeCo is proud to support this great Alaskan forestry project and offer forestry offsets to their customers.

ClimeCo Corporation is a respected project developer, advisor and trader of environmental commodity market products. Specialized expertise in regional criteria pollutant trading programs, California cap‐and‐trade, voluntary markets and project development and financing of internal CO2 abatement systems complement ClimeCo’s diverse commodity portfolio. Within the Climate Action Reserve, ClimeCo is the largest developer of U.S. GHG‐offset projects and producer of U.S. voluntary carbon offsets, managing projects that reduce more than four million tonnes of CO2e per year. For info, contact 484‐415-0501, nmarshall@climeco.com or dpingitore@climeco.com.

ClimeCo Celebrates 10-Year Anniversary

ClimeCo Celebrates 10-Year Anniversary

NEWS RELEASE
FOR IMMEDIATE DISTRIBUTION
Contact: Danielle A. Pingitore, Marketing Coordinator
(484) 415‐0501 or dpingitore@climeco.com

ClimeCo Celebrates 10-Year Anniversary

January 17, 2019 (BOYERTOWN, PA) – Ten years ago, when ClimeCo was first starting out, their goal was simple, to build real projects that reduced greenhouse gases while creating value for the environment and their customers. ClimeCo wanted to make a difference and have a positive impact on the world.

With a laser focus on creating scalable greenhouse gas abatement projects with their first industrial segment, fertilizer manufacturers, ClimeCo created a platform to support their growth over their past 10 years.

“Many from the fertilizer industry believed in what we were trying to do,” says William “Bill” Flederbach, President and founder of ClimeCo.  “They put their trust in us, even when we didn’t have a track record and they are still partnering with us 10 years later.”

ClimeCo has grown (mainly) through their relentless focus on identifying top talent at every level of their organization, but most importantly, the talent that shares their core values of honesty, teamwork, and passion for the business.  They have grown through the acquisition of Environmental Credit Corp. (ECC) in 2015, bringing on additional project types and amazing leadership. In 2017, they expanded into the Canadian market with the launch of ClimeCo Canada, which has allowed them to build a practice around another long-recruited market leader.

”Reflecting on the last ten years, the powerhouse of a team we’ve built, our innovative company culture, the incredible volumes of greenhouse gases we’ve reduced, our positioning as the leading producer of carbon credits within the Climate Action Reserve, and, of course, our wonderful clients—we are walking the talk,” says Flederbach.  “I am happy to be celebrating this anniversary with my team and our dedicated clients.”

ClimeCo is well positioned for continued growth as they are launching new partnerships and bringing additional capital to the market. ClimeCo’s three business units: Advisory and Policy, Project Development, and Transactional Services function closely together, bringing unparalleled services to our customers around North America and abroad.

To learn more about ClimeCo, see how you can be a part of this growing business or how your company can benefit, visit us at www.climeco.com.

ClimeCo Corporation is a respected project developer, advisor and trader of environmental commodity market products. Specialized expertise in regional criteria pollutant trading programs, California cap‐and‐trade, voluntary markets and project development and financing of internal CO2 abatement systems complement ClimeCo’s diverse commodity portfolio. Within the Climate Action Reserve, ClimeCo is the largest developer of U.S. GHG‐offset projects and producer of U.S. voluntary carbon offsets, managing projects that reduce more than four million tonnes of CO2e per year. For information, contact 484‐415‐0501 or nmarshall@climeco.com.

Pearl Jam Mitigates 2018 Tour Carbon Emissions with ClimeCo

Pearl Jam Mitigates 2018 Tour Carbon Emissions with ClimeCo

NEWS RELEASE
FOR IMMEDIATE DISTRIBUTION
Contact: Nancy Marshall, Corporate Marketing Director
(864) 266‐1210 or nmarshall@climeco.com

Pearl Jam Mitigates 2018 Tour Carbon Emissions with ClimeCo

October 17, 2018 (BOYERTOWN, PA) – ClimeCo is pleased to announce that Pearl Jam will voluntarily mitigate an estimated 3,500 tons of carbon dioxide produced by their 2018 European and US tour dates through an Alaska-based forest preservation project.

“We are so thankful for the example Pearl Jam sets when it comes to offsetting the greenhouse gas emissions that result from their concert tours,” said Dan Linsky, VP Voluntary Markets at ClimeCo.  “As a longtime fan of their music, I am thrilled to be working with them to support the Afognak Forest Project.”

This Alaska-based offset project is the first of its kind in the region and supports conservation work on Afognak Island which is home to a coastal temperate rainforest with old-growth trees that are between 180 and 250 years old, plus a regrowth of new trees from the past 30 years.  Together, these new and old forests create the potential for absorbing millions of tonnes of carbon dioxide from the atmosphere.

The project will help to protect this area from logging and other potentially destructive practices on the land to preserve its ecological value and nature.  It also preserves the habitat for many important animal species, including Roosevelt elk, the Kodiak brown bear, red fox, river otter, weasels, five species of Pacific salmon and the bald eagle.

“As a band, it’s important for us to be accountable for the pollution we create.  Since 2004, we’ve invested in projects around the world to mitigate the CO2 emissions caused by our tours.  This investment is for a verified offset project intended to protect and manage the forests on Afognak, and keep Alaska wild,” said Stone Gossard, Pearl Jam’s lead guitarist who manages the band’s carbon mitigation projects.

The project on Afognak Island has gone through the rigorous assessment process of the Verified Carbon Standard (VCS), the world’s leading voluntary carbon accounting framework, managed by the non-profit organization Verra.  Through this process, independent experts use the VCS to verify the environmental integrity of the emissions reductions and removals that the project has generated.

Pearl Jam has calculated and offset their tour-related carbon dioxide emissions since 2003. You can view the band’s carbon mitigation history on their website

ClimeCo is a leader in the management and development of environmental commodities.  They maintain a diverse portfolio of offsets to meet their customers’ volume, project, and geographical diversification criteria. ClimeCo is proud to support this great Alaskan forestry project and offer forestry offsets to their customers.

ClimeCo Corporation is a respected project developer, advisor and trader of environmental commodity market products. Specialized expertise in regional criteria pollutant trading programs, California cap‐and‐trade, voluntary markets and project development and financing of internal CO2 abatement systems complement ClimeCo’s diverse commodity portfolio. Within the Climate Action Reserve, ClimeCo is the largest developer of U.S. GHG‐offset projects and producer of U.S. voluntary carbon offsets, managing projects that reduce more than four million tonnes of CO2e per year. For information, contact 484‐415‐0501 or nmarshall@climeco.com.