EcoSecurities is working with FORTUNE conferences to provide carbon management services for the 2008 FORTUNE conference. As part of the carbon neutral strategy for the 2008 conferences, FORTUNE, in partnership with EcoSecurities, has retired Verified Emission Reductions (“VERs” or carbon credits) from four international projects to offset the estimated conference production and attendee travel emissions that could not be otherwise avoided.
|
|
Partnership projects
The four projects are located in India and China. Two are wind-generation projects that displace coal-fired electric generation with renewable energy. One is an industrial efficiency project that creates steam power from superheated gases that were previously vented into the atmosphere. And one project involved the installation of rice husk fired boilers and associated processing equipment at an Indian paper mill. These kinds of renewable energy and efficiency projects play an essential role in these countries’ efforts to find a way to grow more sustainably.
These credits are “Clean Development Mechanism (CDM) VERs” or “pre-registration VERs,” meaning they originate from projects that have been registered by the United Nations Executive Board under the CDM of the Kyoto Protocol, widely recognized as the most rigorous standard in the industry. The VERs have been verified by UN approved verifiers like Den Norske Veritas and TUV SUD according to the methodologies of the Voluntary Carbon Standard, the VER+ standard and the CDM standard. The VERs represent the emission reductions that occurred between the time that each project became operational and the time it received CDM registration. They were underwritten by EcoSecurities, a leading aggregator of project based emission reductions.
|
