New­found­land-grown car­bon cred­its hit mar­ket

Over 55,000 avail­able and only avail­able to New­found­land and Labrador-based firms, in­di­vid­u­als for first three months

The Beacon (Gander) - - Editorial - BY KENN OLIVER

When Glenn Sharp started the process of gen­er­at­ing car­bon cred­its from a pair of waste­water treat­ment fa­cil­i­ties in the towns of Appleton-Glen­wood and Stephenville in the early 2010s, he ad­mits that peo­ple — even some of his friends — were skep­ti­cal.

Seven years later, Sharp’s com­pany — Sharp Man­age­ment — and the towns have 55,071 quan­ti­fied, ver­i­fied and cer­ti­fied lo­cally pro­duced cred­its for sale through their bro­ker, Car­bonzero.

“If you wish to off­set your car­bon foot­print … you can now do that with a lo­cally grown prod­uct as op­posed to some­thing that’s coming from a car­bon credit cre­ated some­where else in Canada or some­where else in the world,” Sharp says.

“I don’t want to count my chick­ens be­fore they hatch, but I think there’s a good pos­si­bil­ity we’ll sell a good num­ber here.”

For the first three months, the cred­its will be sold ex­clu­sively in this prov­ince to in­di­vid­u­als and firms that op­er­ate here.

“I’m a proud New­found­lan­der and I want to give the op­por­tu­nity to oth­ers here to make a stand, to make a dif­fer­ence,” he says.

Premier Dwight Ball, who spoke at the event an­nounc­ing the news, lauds the no­tion of sell­ing lo­cal first and says it will give com­pa­nies that pur­chase cred­its a com­pet­i­tive ad­van­tage.

“There are peo­ple that will make a de­ci­sion who they do busi­ness with and where they make pur­chases based on com­pa­nies that are en­vi­ron­men­tally friendly and tak­ing their car­bon emis­sions se­ri­ously,” Ball said.

As a ges­ture of support and an in­di­ca­tion of its com­mit­ment to en­act­ing real en­vi­ron­men­tal change, the prov­ince will be among the first to buy some of these cred­its to off­set the emis­sions pro­duced by gov­ern­ment em­ploy­ees trav­el­ing by air and road to con­duct public con­sul­ta­tions.

A spokesper­son for the prov­ince’s cli­mate change branch wasn’t able to pro­vide the ex­act num­ber, but says it was not a sig­nif­i­cant amount.

Credit costs

Sim­ply de­fined, car­bon cred­its, some­times called car­bon off­sets, are re­duc­tions in green­house gas emis­sions gen­er­ated by one en­tity en­gaged in a re­duc­tion project and then sold or traded to an­other en­tity in­ter­ested in mit­i­gat­ing the emis­sions from its own ac­tiv­i­ties.

Un­til such time that the prov­ince in­tro­duces its cli­mate change ac­tion plan in re­sponse to the fed­eral gov­ern­ment’s re­cently an­nounced tar­get to re­duce econ­omy-wide green­house gas emis­sions by 30 per cent be­low 2005 lev­els by 2030, the mar­ket for buy­ing these cred­its is vol­un­tary, mean­ing there’s no leg­is­lated re­quire­ment for any green­house-gas emit­ting com­pany to pur­chase them at this time.

“It’s still vol­un­teer be­cause I’m ask­ing peo­ple to off­set be­fore the provin­cial gov­ern­ment puts in the reg­u­la­tions and then it will only af­fect, re­ally, three or four main com­pa­nies,” he says, point­ing to Nal­cor’s Holy­rood Ther­mal Gen­er­at­ing Sta­tion, NARL Re­fin­ing LP’s Come By Chance re­fin­ery, and Rio Tinto’s Iron Ore Co. of Canada in Labrador City, all of which were near or above a mil­lion tonnes of emis­sions an­nu­ally in 2016.

Typ­i­cally, cred­its in a vol­un­tary mar­ket — like the op­tional ones sold by air­lines when you book a flight — sell for around $5 or $6. Given that these are a limited-edi­tion credit, Sharp says they’ll sell them for $25 apiece, in line with the reg­u­lated price an­nounced by Man­i­toba last week.

“It’s not what you’re buy­ing, it’s what pol­lu­tion do you cre­ate that you’re go­ing to off­set,” says Sharp.

Asked if com­pa­nies con­sid­er­ing pur­chas­ing from a vol­un­tary mar­ket were re­ally only buy­ing good pub­lic­ity, Sharp says they’ve been do­ing that for a long time, only now it’s mak­ing a dif­fer­ence to the planet.

“The peo­ple that are sit­ting in the UN and in fed­eral gov­ern­ments are not mak­ing this leg­is­la­tion and changes be­cause they’re think­ing of good PR, they’re think­ing of how to save the world. We’ve got to stop think­ing this is a nice thing to do.”

Pro­ceeds from the sale of the cred­its are be­ing split 50-50 be­tween Sharp Man­age­ment and the mu­nic­i­pal­i­ties.

While Sharp Man­age­ment Sharp Man­age­ment pres­i­dent Glenn Sharp speaks about the 55,071 car­bon cred­its gen­er­ated from the waste­water treat­ment fa­cil­i­ties in the towns of Appleton-Glen­wood and Stephenville, all of which are now avail­able to pur­chase. - Kenn Oliver

brought the lo­gis­ti­cal and en­gi­neer­ing know-how, he says full credit is owed to the towns for tak­ing the ini­tia­tive to go green.

“The towns are re­duc­ing the pol­lu­tion enough that they now can of­fer that to other peo­ple. They’re do­ing more than any of us have done and it’s time the rest of us stood up and started to do some­thing.”

In recog­ni­tion, Sharp awarded the first three cred­its and their commemorative cer­ti­fi­ca­tions to the three towns.

While the cur­rent stock­pile of off­sets was cre­ated over 10 years in Appleton-Glen­wood and seven years in Stephenville, Leonard Job Nor­man, age 61 years of New­town, passed peace­fully away at Dr. Y. K. Jeon Kit­ti­wake Health Cen­tre, Brook­field on Sun­day, March 25, 2018. Pre­de­ceased by his fa­ther Her­bert, mother Keren­hap­puch, brother Dave and sis­ter Edith. Leav­ing to mourn with fond and lov­ing mem­o­ries are his wife Wanda, son Ryan, daugh­ter An­gela (Kevin), brother Nathan (Carolyn) of Par­adise, sis­ter Shirley (Wayne) of Monc­ton, N.B., grand­chil­dren Ri­ley and Olivia, brother-in-law Glyn (Max­ine) of Tem­ple­man, sis­tersin-law Avril (Harry) of Bad­ger’s Quay and Wendy of Monc­ton, N.B., and a large cir­cle of other rel­a­tives and friends. Funeral ser­vice took place at Kit­ti­wake Funeral Home, Pound Cove on Thurs­day, March 29, 2018 with Rev. Cindy Gra­ham of­fi­ci­at­ing. Inurn­ment to fol­low at a later date. As an ex­pres­sion of sympathy do­na­tions in Leonard’s mem­ory may be made to the Nor­man fam­ily.

To send mes­sages of con­do­lence please visit www.kit­ti­wake­fu­ner­al­

the next batch of 50,000-plus will come from a three-year ro­ta­tion (2017-2019) bol­stered by new cred­its gen­er­ated from the Bishop’s Falls wet­land sewage treat­ment fa­cil­ity that be­gan op­er­a­tion last year. Passed away peace­fully at the James Pa­ton Me­mo­rial Health Cen­ter, Gan­der on March 28th, 2018 Lily War­ford age 89 years. Pre­de­ceased by hus­band Gor­don, sis­ters Eve­lyn Can­ning and Mar­jorie Dawe, daugh­terin-law Peggy. Left to mourn to lov­ing mem­o­ries are her sons Wayne (Aviva), Keith (Joyce) and David; Grand­chil­dren Brian(Stephanie), Nancy(Yuri), Jef­fery and Jen­nifer(Naill); great grand­chil­dren Bailee, Tayler, Em­ber­lee and Thomas; brother Wil­liam Saun­ders, sis­ter Jean Chafe. Also, a large cir­cle of fam­ily and friends. Rested at Stacey’s Funeral Home, Gan­der. Funeral ser­vice was held Sun­day April 1st 2:30 at the Sal­va­tion Army Citadel, Gan­der. In­ter­ment All Saints Ceme­tery, Gan­der. In lieu of flow­ers do­na­tions in Lily’s mem­ory can be made to The Sal­va­tion Citadel, Gan­der or a char­ity of one’s choice. Ar­range­ments en­trusted to Stacey’s Funeral Home, Gan­der. To leave a con­do­lence for the fam­ily please visit www.staceysfu­ner­al­ The fam­ily of the late (Mary) Jane Lush would like to ex­press our heart­ful ap­pre­ci­a­tion to the many friends and ac­quain­tances for the acts of kind­ness dur­ing our re­cent loss and be­reave­ment. A spe­cial thanks to the doc­tors and nurs­ing staff at the JPMH, the man­age­ment and staff at Stacey’s Funeral Home and the staff and man­age­ment at Tim Hor­ton’s Ltd.

A very spe­cial thank you to Rev. Bryan Candow for his thought­ful and con­sid­er­ate words at this…..our time of loss.

The Lush and Avery Fam­i­lies


Newspapers in English

Newspapers from Canada

© PressReader. All rights reserved.