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It also said it would work with the broader finance sector to create a standard to measure financed emissions and support a functioning carbonoffset market.
Climate tech startup CHOOOSE announced today the launch of a new partnership with energy giant bp, aimed at enhancing its decarbonization solutions for the aviation industry, and helping airlines to meet their sustainability obligations. As part of the partnership, bp is making a strategic investment in CHOOOSE.
Founded in 2017, Norway-based CHOOSE provides a software as a service (SaaS) platform enabling companies to build and run climate programs allowing customers to track, understand, and reduce emissions. Frederick Teo, CEO of GenZero, said: “Many consumers and businesses are rightly concerned about their carbon footprint.
Natural carbon sinks, carbon mineralization and direct-air capture are early focus areas for Stripe’s 2019 Negative Emissions Commitment , which aims to spend at least double in these areas compared with what it pays for carbonoffsets. Then it open-sourced these innovations for the benefit of wider industry. "At
But, in some cases, there's an opportunity to go beyond the PPA, and more effectively decarbonize the grid through hourly load matching, or 24/7 matching, according to an analysis by RMI. RMI defines hourly load matching as "where a buyer attempts to procure sufficient carbon-free energy to match a given facility's load in every hour.".
The study from Princeton University's ZERO Lab is the first analysis of the grid impact of 24/7 carbon-free electricity procurement, which is growing in popularity among corporate and governmental energy buyers. Background: Going beyond the clean energy PPA to decarbonize the grid.
"By tailoring their procurement strategies to regional grid conditions, buyers can help unlock both near-term carbon savings and long-term innovation in technologies that can accelerate full grid decarbonization.". In 2020, Google said it reached 67% carbon-free energy globally on an hourly basis. What is CFE? CFE in practice.
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