Maximizing carbon credit profit

Times Reporter    

 

Carbon Credit Solutions (CCSI) launched a new, pioneering Carbon Bank earlier this month. CCSI, a leader in the field of carbon aggregation, is allowing their clients to bank their carbon credits for future sale. 

The Carbon Bank was created as a response to the increase in the price of carbon credits in Alberta. The initiative is the first, and the only one, of its kind in Alberta. A carbon credit is a tradable certificate that represents the right to emit one tonne of carbon dioxide, or other greenhouse gasses with a carbon dioxide equivalent. 

“Regulatory changes in Alberta have reduced our clients’ ability to profit from carbon credits and we want to give them the opportunity to maximize the return on their credits,” said President of CCSI Alastair Handley in a press release.

“Once our client’s credits are registered they can choose to sell their credits immediately or set them aside to be sold at a later date, and if all goes well a much higher price. The Carbon Bank is the next step in our mission to create value for our clients.”

The Carbon Bank is a non-interest trust account for carbon credits. The bank will hold the credits until the price goes up, at which point they will be sold, providing the off-setter with more money for their credits. 

The press release further stated that ‘this is a tremendous advantage for farmers, renewable energy producers, and companies committed to reducing their energy efficiency as carbon prices are set to rise in the next 12- 24 months following the Government of Alberta’s 40/40 proposal. The 40/40 proposal requires major carbon emitters to reduce per-barrel emissions by 40 per cent and a $40-per-tonne payment should they exceed the limit. Currently, large final emitters that purchase carbon credits are holding on to them in anticipation of the price increase. Through the Carbon Bank CCSI aims to give clients that supply credits the same opportunity to benefit from this market.’

CCSI produces credits for clients who have taken steps at reducing greenhouse gases, either by decreasing emissions, or by removing them from the atmosphere. The credits are created in accordance to methodologies approved by Alberta Environment, and must meet stringent standards of the Alberta government. The Carbon Bank is available to all CCSI clients. To learn more go to www.carboncreditsolutions.ca.