All carbon credits are not created equal

2/20/2008

Delaware Online

 

There is certainly some confusion among the public about the carbon offset world, and it is rare that we find a well-written piece explaining the nuances of distinguishing a premium, valuable offset from a non-valuable offset.  NativeEnergy is often given kudos for their performance in this respect. The following is an excerpt from an article that ran in the Delaware Online. To read the full article click here.

"Although Stephen Field is in the Peco service area, he decided to go with another company when making his Holiday Inn Express "100 percent wind powered," as the sign in front of his Exton, Pa., hotel boasts.

After checking into the Peco program, he signed on with Native Energy of Vermont, paying $6,500 a year to offset the approximately 600 tons of carbon dioxide his hotel emits annually. Native Energy buys the renewable energy credits from wind farms that have not yet been built, ones that might not get built without startup capital, Field said.

His money pays for credits to help build wind turbines on American Indian reservations in South Dakota and Alaska, a small, farmer-owned wind project in Minnesota and a methane reduction facility in central Pennsylvania.

"If I buy from Peco, those are [credits] for energy that's already been bought and consumed," said Field, who also has a contract with Native Energy for a hotel in Glen Mills, Pa."

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