STRATEGY AND BEST PRACTICES
CarbonX | March 28, 2022
CarbonX, an Indonesian developer of high-impact carbon assets, has signed a Memorandum of Understanding (MoU) with AirCarbon Exchange (ACX), the world's first fully digital carbon exchange, to collaborate on developing a carbon marketplace in Indonesia.
Dessi Yuliana, director of CarbonX, noted that the collaboration would provide Indonesian carbon project developers with a domestic carbon market connected to ACX's international customer order book. Additionally, the carbon marketplace will enable the Indonesian carbon market to expand swiftly.
"The joint venture delivers all aspects of a comprehensive carbon infrastructure where buyers and sellers worldwide and domestically can transact in a transparent and efficient manner,"
-Dessi Yuliana, director of CarbonX
According to Pandu Sjahrir, Commissioner of CarbonX, Indonesia has committed to a green economic transformation through the Net Zero Emission (NZE) objective of 2060, which is enshrined in Presidential Regulation 98/2021 on the Implementation of Carbon Economic Value.
To accomplish this goal, all players must collaborate and are aided by enabling policies. According to Bappenas, Indonesia will require enormous annual investments of approximately 3.4 to 3.5 percent of GDP to reach the NZE.
"The carbon marketplace platform scheme created by CarbonX can contribute to assisting investment funding to achieve NZE targets. If all of this takes place optimally, Indonesia can produce a massive supply of carbon offsets and contribute to the NDC commitment, while also providing social and economic co-benefits,"
-Pandu Sjahrir, Commissioner of CarbonX
William Pazos, Managing Director and Co-Founder of AirCarbon Exchange, noted that the relationship with CarbonX will expand options for Indonesian carbon asset producers.
"Today's announcement marks another milestone in ACX's rapid ascent as one of the world's premier carbon marketplaces. By leveraging ACX's technology, the CarbonX partnership will launch with immediate scale. As a result, Indonesian buyers and sellers will immediately gain access to an international marketplace with participants from 30 countries,"
-William Pazos, Managing Director and Co-Founder of AirCarbon Exchange
ACX was named the Best Carbon Exchange in Environmental Finance's annual Voluntary Carbon Market Rankings 2021 - the world's most extensive and most-watched study of the Voluntary Carbon Market. The Exchange has developed dramatically since the first deal was executed on the platform in early 2021, bringing openness, efficiency, and liquidity to the voluntary carbon markets.
Lightsource bp | January 28, 2021
Lightsource BP has shut a US$380 million financing package for two Texan sunlight based projects with a consolidated limit of 316MW.
The designer said it has additionally gotten things started on the 163MW Elm Branch and 153MW Briar Creek plants, which and are situated around 40 miles south of Dallas.
Duty value financing was made sure about from Bank of America, while obligation for the offices was given by commanded lead arrangers ING Capital and Société Générale.
Lightsource said power contracts marked already for the offices "assumed a key part" in supporting speculation and financing. The organization as of late made sure about a virtual force buy understanding (PPA) with aviation organization L3Harris Technologies for up to 100MW from Elm Branch just as an intermediary age PPA with venture bunch Allianz Global for power produced by Briar Creek.
“This transaction is a demonstration of the low risk and stable yield opportunities that renewable energy projects offer to investors,” said Kevin Smith, CEO of the Americas at Lightsource BP. “Despite challenges posed with COVID-19, Lightsource BP reached financial close on over US$1.2 billion in transactions in the US in 2020, a substantial increase from 2019.”
The projects are relied upon to be operational by 2021, with McCarthy Building Companies chose by Lightsource as its designing, obtainment and development worker for hire, following on from the organizations' coordinated effort at the 300MW Bighorn Solar plant in Colorado.
Scott Canada, executive vice president of McCarthy’s renewable energy and storage unit, said the company is “honoured” to be part of the team that is bringing more clean energy to Texas: “Around the country we are seeing the positive impact that solar energy can have on communities as they embrace clean energy solutions to attract large companies with renewable energy goals.”
Lightsource BP recently declared it has finished development at another Texan utility-scale PV plant, the 260MW Impact Solar venture.
About Lightsource bp
Lightsource bp is a global leader in the funding, development and management of solar energy projects. Our organisation represents a strategic and powerful partnership which is set to further accelerate the low-carbon transition and boost the growth of solar power worldwide.
Hewlett Packard Enterprise | April 23, 2021
As part of the Low-Carbon Patent Pledge, innovators designing low-carbon technologies now have exclusive rights to patents from three of the world's leading technology firms.
Hewlett Packard Enterprise, Facebook, and Microsoft are making key patents available to promote the introduction of low-carbon technology beginning today. Hundreds of patents that could help technologists create low-carbon solutions for generating, storing, and distributing low-carbon energy would be available royalty-free under the HPE-led initiative.
The Low-Carbon Patent Pledge arrives despite global scientific warnings that breakthrough technology will be critical to reducing emissions quickly enough to prevent climate disaster. According to the International Energy Agency, about half of the reductions needed to reach net-zero emissions by 2050 require solutions that are not yet commercially available.
The patents listed include a wide variety of preventative and adaptive innovations that can aid in the fight against climate change. Power management, the use of zero-carbon energy sources, efficient datacentre architecture, and thermal management are examples of these.
“To face this critical moment in the climate crisis, the world requires radical collaboration,” said John Frey, Chief Technologist for Sustainable Transformation at Hewlett Packard Enterprise. “To reach net-zero emissions by 2050, we must collaborate to innovate more quickly. We hope that by making these patents available, we can continue to accelerate and promote progress by allowing others to build on our work.”
In their own excellently corporate sustainability strategies, the coalition partners expect that granting public access to free patents would encourage researchers and scientists to develop the new solutions needed to build a lower-carbon economy and a more sustainable future.
"History has proven that voluntary patent pledges will serve to promote new technologies and inspire their acceptance all over the world,” said intellectual property law expert Jorge L. Contreras, Presidential Scholar and Professor of Law at the University of Utah's S.J. Quinney College of Law. “This is the kind of action that is needed to address the potentially disastrous consequences of climate change."
About Hewlett Packard Enterprise
Hewlett Packard Enterprise is a global edge-to-cloud platform-as-a-service provider that enables businesses to accelerate results by deriving resources from any of their data, everywhere. HPE provides unique, accessible, and intelligent technology solutions, with a seamless interface across all clouds and edges, to help consumers build new business models, connect in new ways, and improve operating efficiency, based on decades of reimagining the world and innovating to advance the way people live and work.
Facebook's goal is to empower people to build communities and get the world closer together. We understand the importance of climate change and are committed to assisting in the resolution of this global issue. Facebook is taking steps by lowering its emissions, using clean energies and reducing its energy and water use, protecting workers and the environment in their supply chain, and collaborating with those in the community to create and discuss ideas for a more sustainable world.
Microsoft is accelerating steps toward a more prosperous future by reducing our environmental footprint, accelerating research, assisting its customers in developing sustainable alternatives, and campaigning for environmental policies. Microsoft is committed to being carbon negative by 2030, and by 2050, it will have removed from the atmosphere all of the carbon that the company has generated directly or by electricity consumption since its inception in 1975.