 | This article has multiple issues. Please help improve it or discuss these issues on the talk page . (Learn how and when to remove these template messages)
|
| Industry | Social enterprise |
|---|---|
| Successor | JustGreen |
Area served | United States |
| Products | Carbon offsetting |
| Website | www |
TerraPass is a social enterprise that provides carbon offsetting products. TerraPass use proceeds from member purchases to fund greenhouse gas reduction projects.
TerraPass's projects is divided into four project types, all based in the United States: [1]
In 2014, TerraPass sold its retail carbon offset business to JustGreen, a subsidiary of the Just Energy Group Inc., a Canada-based competitive retailer of natural gas and electricity. JustGreen assumed the TerraPass brand. The remaining TerraPass Energy & Wholesale group renamed itself Origin Climate. [3]
TerraPass has entered into several business partnerships:
TerraPass tries to reduce greenhouse gas against the Verified Carbon Standard. All of the RECs TerraPass purchases are Green-e certified through the Center for Resource Solutions.[ citation needed ] The primary standards they use are Verified Carbon Standard and the Climate Action Reserve. [10]
TerraPass is audited according to guidelines established by the Center for Resource Solutions. The focus of the audit is to verify that TerraPass fulfills its carbon purchase obligations on behalf of its customers; to enforce certain carbon portfolio quality standards; and to review TerraPass marketing language and disclosure policies. [11]
Adam Stein, co-founder and VP of Marketing, was an occasional contributor to environmental news site Grist Magazine. [12]
Biogas is a gaseous renewable energy source produced from raw materials such as agricultural waste, manure, municipal waste, plant material, sewage, green waste, wastewater, and food waste. Biogas is produced by anaerobic digestion with anaerobic organisms or methanogens inside an anaerobic digester, biodigester or a bioreactor. The gas composition is primarily methane and carbon dioxide and may have small amounts of hydrogen sulfide, moisture and siloxanes. The gases methane and hydrogen can be combusted or oxidized with oxygen. This energy release allows biogas to be used as a fuel; it can be used in fuel cells and for heating purpose, such as in cooking. It can also be used in a gas engine to convert the energy in the gas into electricity and heat.
Renewable Energy Certificates (RECs), also known as Green tags, Renewable Energy Credits, Renewable Electricity Certificates, or Tradable Renewable Certificates (TRCs), are tradable, non-tangible energy certificates in the United States that represent proof that 1 megawatt-hour (MWh) of electricity was generated from an eligible renewable energy resource and was fed into the shared system of power lines which transport energy. Solar renewable energy certificates (SRECs) are RECs that are specifically generated by solar energy.
Climate change mitigation is action to limit climate change. This action either reduces emissions of greenhouse gases or removes those gases from the atmosphere. The recent rise in global temperature is mostly due to emissions from burning fossil fuels such as coal, oil, and natural gas. There are various ways that mitigation can reduce emissions. These are transitioning to sustainable energy sources, conserving energy, and increasing efficiency. It is possible to remove carbon dioxide from the atmosphere. This can be done by enlarging forests, restoring wetlands and using other natural and technical processes. The name for these processes is carbon sequestration. Governments and companies have pledged to reduce emissions to prevent dangerous climate change. These pledges are in line with international negotiations to limit warming.
A carbon offset is a reduction or removal of emissions of carbon dioxide or other greenhouse gases in order to compensate for emissions made elsewhere. A carbon credit or offset credit is a transferrable financial instrument, that is a derivative of an underlying commodity. Governments or independent certification bodies certify it as representing an emission reduction that can then be bought or sold. We measure both offsets and credits in tonnes of carbon dioxide-equivalent (CO2e). One carbon offset or credit represents the reduction or removal of one tonne of carbon dioxide or its equivalent in other greenhouse gases.
Business action on climate change includes a range of activities relating to climate change, and to influencing political decisions on climate change-related regulation, such as the Kyoto Protocol. Major multinationals have played and to some extent continue to play a significant role in the politics of climate change, especially in the United States, through lobbying of government and funding of climate change deniers. Business also plays a key role in the mitigation of climate change, through decisions to invest in researching and implementing new energy technologies and energy efficiency measures.
Microgeneration is the small-scale production of heat or electric power from a "low carbon source," as an alternative or supplement to traditional centralized grid-connected power.
The Carbonfund.org Foundation is a 501(c)(3) not-for-profit organization based in East Aurora, New York, that provides carbon offsetting and greenhouse gas reduction options to individuals, businesses, and organizations. Carbonfund.org Foundation purchases and retires certified carbon offsets on behalf of its donors. Donors are given a choice of project type to which they may donate, including renewable energy, reforestation, and energy efficiency projects. Carbonfund.org Foundation sources carbon credits verified by the Verra carbon standard and Gold Standard. The organization has helped develop four Reducing Emissions from Deforestation and Degradation (REDD+) projects in Brazil under the VERRA and Climate, Community and Biodiversity standards.
Carbon accounting is a framework of methods to measure and track how much greenhouse gas (GHG) an organization emits. It can also be used to track projects or actions to reduce emissions in sectors such as forestry or renewable energy. Corporations, cities and other groups use these techniques to help limit climate change. Organizations will often set an emissions baseline, create targets for reducing emissions, and track progress towards them. The accounting methods enable them to do this in a more consistent and transparent manner.
A low-carbon economy (LCE) or decarbonised economy is an economy based on energy sources that produce low levels of greenhouse gas (GHG) emissions. GHG emissions due to human activity are the dominant cause of observed climate change since the mid-20th century. Continued emission of greenhouse gases will cause long-lasting changes around the world, increasing the likelihood of severe, pervasive, and irreversible effects for people and ecosystems. Shifting to a low-carbon economy on a global scale could bring substantial benefits both for developed and developing countries. Many countries around the world are designing and implementing low-emission development strategies (LEDS). These strategies seek to achieve social, economic, and environmental development goals while reducing long-term greenhouse gas emissions and increasing resilience to the effects of climate change.
Renewable energy in Australia includes wind power, hydroelectricity, solar photovoltaics, heat pumps, geothermal, wave and solar thermal energy.
The United States produced 5.2 billion metric tons of carbon dioxide equivalent greenhouse gas (GHG) emissions in 2020, the second largest in the world after greenhouse gas emissions by China and among the countries with the highest greenhouse gas emissions per person. In 2019 China is estimated to have emitted 27% of world GHG, followed by the United States with 11%, then India with 6.6%. In total the United States has emitted a quarter of world GHG, more than any other country. Annual emissions are over 15 tons per person and, amongst the top eight emitters, is the highest country by greenhouse gas emissions per person. However, the IEA estimates that the richest decile in the US emits over 55 tonnes of CO2 per capita each year. Because coal-fired power stations are gradually shutting down, in the 2010s emissions from electricity generation fell to second place behind transportation which is now the largest single source. In 2020, 27% of the GHG emissions of the United States were from transportation, 25% from electricity, 24% from industry, 13% from commercial and residential buildings and 11% from agriculture. In 2021, the electric power sector was the second largest source of U.S. greenhouse gas emissions, accounting for 25% of the U.S. total. These greenhouse gas emissions are contributing to climate change in the United States, as well as worldwide.
The availability and uptake of green electricity in the United Kingdom has increased in the 21st century. There are a number of suppliers offering green electricity in the United Kingdom. In theory these types of tariffs help to lower carbon dioxide emissions by increasing consumer demand for green electricity and encouraging more renewable energy plant to be built. Since Ofgem's 2014 regulations there are now set criteria defining what can be classified as a green source product. As well as holding sufficient guarantee of origin certificates to cover the electricity sold to consumers, suppliers are also required to show additionality by contributing to wider environmental and low carbon funds.
The Emissions & Generation Resource Integrated Database (eGRID) is a comprehensive source of data on the environmental characteristics of almost all electric power generated in the United States. eGRID is issued by the U.S. Environmental Protection Agency (EPA).
A power purchase agreement (PPA), or electricity power agreement, is a long-term contract between an electricity generator and a customer, usually a utility, government or company. PPAs may last anywhere between 5 and 20 years, during which time the power purchaser buys energy at a pre-negotiated price. Such agreements play a key role in the financing of independently owned electricity generators, especially producers of renewable energy like solar farms or wind farms.
Eco Securities is a company specialized in carbon markets and greenhouse gas (GHG) mitigation projects worldwide. Eco Securities specializes in sourcing, developing and financing projects on renewable energy, energy efficiency, forestry and waste management with a positive environmental impact.
Bullfrog Power, an Envest company, is a Canadian green energy retailer operating in Canada. Bullfrog offers green electricity from renewable energy sources such as wind, solar, and low-impact hydro, as well as green fuel and green natural gas, a renewable biogas product that serves as an alternative to fossil fuel-based natural gas. Bullfrog only sources electricity from generation sources that meet or exceed the federal government's Environmental Choice Program EcoLogo standard for renewable electricity. Bullfrog's green natural gas product is produced at facilities that have met environmental standards as defined by ICF International.
The Capricorn Ridge Wind Farm is located in Sterling and Coke counties, Texas. The wind farm does not create any air and water pollution to the surrounding counties. It is a 662.5 MW wind farm, with 342 GE 1.5 MW wind turbines and 65 2.3 MW Siemens turbines that are capable of generating enough electricity for more than 220,000 homes. With all four phases combined, there should be over 400 turbines after the project commissioned in 2007. The wind farm is built, owned and operated by a subsidiary of NextEra Energy Resources, the U.S.' largest wind energy generator who is also known for generating electricity using natural gas, oil solar, wind and nuclear. This company, together with its subsidiaries owns, operates, develops, constructs and manages electricity and energy generating facilities in not only the U.S. but also in Canada and Spain. The project is part owned by San Antonio-based Sullivan Trillian Fund Private Equity. Its property Offtaker is Energy Market- ERCOT.
The International Carbon Reduction and Offset Alliance (ICROA) is an industry trade group for providers of voluntary carbon offsets. It was established in 2008, and aims to promote industry self-regulation based on its ICROA Code of Best Practices. Members produce an annual report demonstrating compliance with the ICROA Code.
A consumer green energy program is a program that enables households to buy energy from renewable sources. By allowing consumers to purchase renewable energy, it simultaneously diverts the utilization of fossil fuels and promotes the use of renewable energy sources such as solar and wind.
The environmental effects of bitcoin are significant. Bitcoin mining, the process by which bitcoins are created and transactions are finalized, is energy-consuming and results in carbon emissions as about half of the electricity used is generated through fossil fuels. As of 2022, bitcoin mining is estimated to be responsible for 0.2% of world greenhouse gas emissions, and to represent 0.4% of global electricity consumption. Moreover, bitcoins are mined on specialized computer hardware with a short lifespan, resulting in electronic waste. The amount of electrical energy and e-waste generated by bitcoin mining is often compared with countries like Greece or the Netherlands. Bitcoin's environmental impact has attracted the attention of regulators, leading to restrictions or bans in various jurisdictions.
