Plannet Zero Offers Global Emission Reduction Carbon Credits Available to Retail Customers

 

  • July 6th 2022, London – Plannet Zero, the consultancy helping businesses to navigate their pathway to net zero, has made the newly-launched Global Emission Reduction contract, or GER, available to individuals.

    The GER, which is made up of a basket of four sub-products that encompass the different sectors of the carbon market including removal projects, is available to buy for as little as £6.52 per tonne. The contract has been created by Net Zero Markets and was successfully launched last month on AirCarbon Exchange (ACX) and Nodal Exchange for corporate buyers.

    A key tenet of Plannet Zero’s mission is to open up voluntary carbon markets to as many people as possible so the consultancy has made the GER available as a one tonne lot, in contrast to the minimum 1,000 lots required on exchanges. The GER is therefore an ideal product both for corporate offsetters and climate-conscious individuals alike.

    “It is fantastic to be able to offer our clients a genuine offsetting pathway to net zero through the addition of the Global Emission Reduction to our offset marketplace,” said Bill Goldie, Head of Offsetting for Plannet Zero. “Anyone wanting to hear more about the GER and how it is creating a transparent price for the voluntary carbon market should please get in touch and speak to one of our carbon consultants.”

    Plannet Zero helps individuals and companies on their path to net zero by advising on the most suitable carbon offsets to rebalance against their carbon footprint. Purchasing an offset couldn’t be easier with a simple card transaction online via Plannet Zero’s website: https://plannetzero.org/offset-marketplace/

    For context, the UK average carbon footprint is about 10 tonnes of CO2 per person per year. That’s about double the world average and has barely fallen since 1990. Or to put it another way, 1 tonne of CO2 emitted is equivalent to the average annual electricity consumption of a UK household or the individual passenger miles of a flight from London Heathrow to New York’s JFK airport.

     “By listing the GER on exchanges that make their prices public, buyers can know if the price they are paying is competitive,” said Louis Redshaw, CEO of NetZero Markets. “Based on a transparent formula, informed by the market itself, we combine carbon credits from different project groups so that buyers can fund a variety of high-quality carbon abatement technology types, not just one. We introduce everyone to removals, most for the first time, in way that makes them affordable. In short, the GER is carbon offsetting made simple, just as it should be.”

    The GER is formed from the following four sub-contracts:

    • The Base Carbon Contract, or BCC, which covers the renewables and energy efficiency sector
    • The Forestry Carbon Contract, or FCC, which encompasses the agricultural, forestry and land use sectors
    • The Prime Carbon Contract, or PCC, for those projects with additional benefits that meet at least three of the United Nations Sustainable Development Goals.
    • The Carbon Capture Contract, or CCC, which covers projects that provide long-lived removal of carbon emissions, such as biochar projects.

    This inclusion of the CCC is a crucial point of difference to other products available as the GER will drive investment in the carbon removal sector, one that will ultimately become 100% of the carbon offsetting space by 2050. By spreading the cost of these vital projects over the other three elements that make up the GER, it is possible for everyone to support expensive carbon removals and contribute to the infrastructure required to hit net-zero. Ultimately, carbon offsetting is a voluntary activity so competitive and transparent pricing is essential for building trust that will enable the market to scale.

    The weighting of the GER will be updated each year to reflect actual carbon retirements in the previous year. In this way, the product provides holders of the GER with a neat encapsulation of actual trends in carbon markets as well as steadily moving them towards the net zero goals now enshrined in law for 2050 in many countries.

     

    In short, the GER via Plannet Zero provides individuals with access to the whole carbon market sector at an affordable price and volume size. It offers a simple, one size-fits-all encapsulation of carbon projects, removing the need for an individual to constantly adjust their portfolio in line with emerging trends. The GER is the ideal route for people to offset those emissions they can’t reduce entirely while investing in the technologies that will enable the world to meet its essential climate goals.

     

    About Plannet Zero:

    Plannet Zero’s primary focus is to provide clear and transparent guidance to organisations seeking to understand and utilise the environmental markets to reach net zero. We will leave no one behind in our quest to achieve this climate-critical ambition.

    The mandate is set for net zero emissions by 2050 at the latest. The task now is to collaborate and scale corporate emission reduction strategies whilst encouraging the growth in emissions removal projects.

    At Plannet Zero, we apply our long-standing and wide-ranging environmental market experience to the voluntary carbon market and the journey to net zero to develop products and services to meet the needs of businesses and adapt and develop our offering according to the state of the market and the advancement of our community.

    For more information go to: https://plannetzero.org/

     

    About Net Zero Markets:  

    Net Zero Markets is a company dedicated to developing risk management tools, products and contracts in the global environmental space. Its benchmark Global Emission Reduction product will deliver the level of transparency and commoditisation needed for voluntary carbon markets to flourish, thereby allowing more finance to flow to the projects that are needed to achieve net zero targets. 

    The company is led by Louis Redshaw, one of the founding figures of the global Carbon Markets. In 2006, he created a standard for trading Certified Emission Reduction (CER) carbon offsets that was adopted by all major market participants and the carbon exchanges. This initiative allowed a secondary trading market in CERs to take-off thanks to the establishment of liquidity and price transparency. 

    Complementing Louis’s deep knowledge and understanding of carbon markets, the wider team has a wealth of experience innovating and growing markets, with an emphasis on carbon and energy trading and risk management. 

    For more information, please contact Net Zero Markets at info@netzeromarkets.co or visit https://www.netzeromarkets.co 

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