EcoSecurities is working with Fortune Live Media to provide carbon management services for the 2009 Fortune conferences. As part of the carbon neutral strategy for the 2009 conferences, Fortune, in partnership with EcoSecurities, has retired Verified Emission Reductions (“VERs” or carbon credits) from Nobrecel - a biomass project located in Brazil, to offset the estimated conference production and attendee travel emissions that could not be otherwise avoided.
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Partnership project
Nobrecel is a cogeneration project using biomass residues as a fuel in Pindamanhangaba City, Brazil. The project activity consists of renewable energy generation by installing a new biomass boiler and a new turbine. This new cogeneration plant replaces fuel-oil-fired boilers and reduces the electricity consumption from the grid. The new boiler only burns wood biomass residues. The turbine has the capacity to generate 8 MW of electricity.
As well as producing emission reductions the project is also helping Brazil fulfil its goal of promoting sustainable development. Specifically, the project contributes to local environmental sustainability since it has decreased the use of fossil fuels and replaces the use with an alternative renewable source.
These VERs or carbon offsets have been verified to the Voluntary Carbon Standard (VCS) and in addition have also been subject to additional third party verification by UN approved verifiers SGS. These emission reductions were underwritten by EcoSecurities, a leading aggregator of project based emission reductions.
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