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Perspective: The UN Approval Process for Carbon Offsets

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Since 2005, when major greenhouse-gas emitters among the Kyoto signatories were issued caps on their emissions and permitted to buy credits to meet those caps, there has been more than $300 billion worth of carbon transactions. The approval process for carbon offsets has two goals. This concept is often called “additionality.”

Carbon 255
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DOE Makes First Awards from $1.4B for Industrial Carbon Capture and Storage Projects

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billion from the American Recovery and Reinvestment Act for the capture carbon dioxide from industrial sources for storage or beneficial use. Secretary Chu on Carbon Capture. Noting that coal accounts for roughly 25% of the world energy supply and 40% of the carbon emissions. The first phase of these projects will include $21.6

Carbon 210
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Delek sells AltAir renewable diesel/jet business to World Energy for $72M

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Established in 2013, AltAir Fuels was created to produce low carbon fuels and chemicals derived from sustainable feedstock. The 15-hour trans-Pacific flight operated with approximately 24,000 kg of 10% biofuel blend, saving 18,000 kg in carbon emissions. Earlier post.). Delek US Holdings, Inc. Delek US Holdings, Inc.

Renewable 150
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DOE to Award $106M to Six CO2 Conversion Projects; $156M in Matching Private Funding

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The US Department of Energy has selected six projects for funding that aim to find ways of converting captured carbon dioxide emissions from industrial sources into useful products such as fuel, plastics, cement, and fertilizers. The six projects were initially selected for a first-phase funding in October 2009 as part of a $1.4

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BP and Verenium Form Cellulosic Ethanol Venture to Deliver Advanced Biofuels

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The formation of the joint venture company and additional investment builds on $90 million investment made by BP in 2008, which allowed the two companies to advance efforts at Verenium’s proof-of-concept demonstration facility in Jennings, Louisiana.

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DOE awarding $33M for carbon-neutral hybrid electric aviation

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The US Department of Energy announced $33 million in funding for 17 projects as part of the Advanced Research Projects Agency-Energy’s (ARPA-E) Aviation-class Synergistically Cooled Electric-motors with iNtegrated Drives (ASCEND) and Range Extenders for Electric Aviation with Low Carbon and High Efficiency (REEACH) programs.

Carbon 218
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Perspective: The Role of Offsets in Climate Change Legislation

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If a cap-and-trade program includes offsets, regulated entities have the opportunity to purchase the “emission credits” generated by carbon offset projects to help them meet their compliance obligations. This concept is often called “additionality.” what would have happened anyway). Assuming the offset is legitimate—i.e.,