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Kontrol launches carbon credit program for buildings

2 years ago

Kontrol Technologies, a smart energy solutions provider, has launched its own carbon credit monetization program. The company’s energy management technology allows buildings to save energy, with a corresponding reduction in greenhouse gas emissions.

Toronto-based Forum Equity Partners has launched a $125-million Real Estate Income and Impact Fund which will be used to acquire a $240-million seed portfolio of residential rental real estate across Canada.

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As the climate, health and financial imperative to eliminate fossil fuels from buildings becomes more urgent, U.S. states and cities are stepping up to tackle this challenging sector with changes to building codes, appliance regulations and new federal government commitments.

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Transit agencies are lining up to bring electric vehicle (EV) technology into their fleets and locations but agencies who are stopping at EV without considering autonomous vehicle (AV) technology are missing out on the opportunity of a generation.

Yardi Pulse

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CEO Patrick Lee described Yokogawa Electric’s acquisition of California-based PXiSE Energy Solutions as based on the realization that to achieve zero-carbon electricity, it’s necessary to solve the renewable integration challenge of quickly shifting resources with intermittent solar and wind generation.

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It’s been a big year for clean energy. From policy to action, the public and private sectors are spurring forward the great energy transition in meaningful ways. Here are the five biggest stories from the year past.

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GreenBiz circular economy analyst Suz Okie provides a summary of the year’s most impactful trends derived from tracking a year of stories about plastics bans to an upcycled food certification.  It has been a momentous year for the circular economy.

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What has been sorely needed is an international framework that broadly establishes who can sell carbon credits; who can buy them and for what purpose; and what constitutes a quality carbon credit. COP26 took a major step towards a framework.

Anchor Corporation

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Nisqually Community Forest is in the process of being registered for carbon offset credits. This most recent section within Bluesource’s Rainier Gateway project is now being verified after fundraising for years, bringing the promise for a more stable financial future.

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The federal government plans to plant up to 320 million trees annually to meet a target of up to two billion trees in the ground by 2030, a program experiencing delays, and this week launched a recruitment drive for tree planters.

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Penetanguishene town council has an updated agreement with York University to develop Canada’s first Climate Change Solutions Park that will provide a safe and experiential learning opportunity with a focus on renewable energy, electric mobility, precision agriculture, and leadership training.

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Climate tech company Mote is establishing its first facility to convert wood waste into hydrogen fuel while capturing, utilizing and sequestering carbon dioxide emissions resulting from its process approximately seven million kilograms of carbon-negative hydrogen.

Payquad

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Energy and sustainability solutions provider GridPoint partnered with Meritage Hospitality Group, one of the largest Wendy’s franchise entities, to bring energy efficiency improvements to 345 restaurant locations throughout the U.S. via GridPoint’s energy analytics platform.

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There is a lot of catching up to do for Canada’s banks, which have plenty of carbon on their balance sheets. The big five – RBC, TD, Scotiabank, BMO, CIBC – rank in the top 25 lenders globally for the fossil fuel industry.

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Founders of Carbon Tracker, two leaders behind the global push for a Fossil Fuel Non-Proliferation Treaty, are redoubling efforts to put an end to developing new coal, oil and gas assets around the world.

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Legislation introduced to the U.S. House of Representatives that would prevent investors from securing carbon capture and sequestration tax credits if the carbon is used to boost oil production reflects deep political divisions over validity of a carbon capture strategy.

Energy Profiles

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Carbon credits across the globe have been fetching record prices in 2021 as organizations commit to emissions reduction targets. The situation has prompted a push for more carbon projects on cattle stations, with valuable credits an incentive to improve biodiversity production.

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The U.S. commercial real estate industry faces an intensifying threat from flooding, which is likely to lead to billions of dollars in increased costs. Approximately 730,000 retail, office and apartment properties face an annualized risk of flood damage

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A report from Oceana reveals that Amazon generated an estimated 271 million kilograms of plastic packaging waste last year. This is a 29 per cent increase over Oceana’s 2019 estimates, much of it from the billions of packages Amazon delivered during the pandemic.

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German trucks could be running on fuel that’s made partly from manure at one of Europe’s biggest oil refineries. Royal Dutch Shell Plc is aiming to produce liquefied natural gas with a bio-component in heavy vehicles within two years.

Industry Events