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both financial and reputational. A large company that is serious Hydroelectric project – China, Sichuan province
about its commitment might interview a dozen or more offset
providers and review scores of investment alternatives before
This project is a hydroelectric plant in the village of Wahouku,
settling on the structure and provider that best suits its needs.
which consists of two 22 MW generators that use water from
In the process, companies that approach this the right way will
the river without the creation of a dam or reservoir. The project
learn a great deal about what makes a “quality” VER.
will contribute over 180,000 MWh of electricity to China’s central
power grid, which is currently 99 per cent powered by coal-fired
Doing it the right way generators.
In September 2007, NetJets Europe, the largest business jet Landfill gas project – Chile, Elqui province
company in Europe, announced a comprehensive new programme
to address its impact on the environment and become 100 per
This project captures methane (the major component of natural
cent carbon neutral by 2012.
gas) from a landfill site in the city of Coquimbo, in Chile, and uses
it to generate electricity. The project will eliminate an average
Alongside sponsoring research at Princeton University to of 95,000 tonnes of CO2-equivalent gas per year, as well as
develop ultra low-emission jet fuels, and hiring a board of top serving as a clean energy demonstration project for other landfill
environmental consultants, NetJets Europe decided to purchase sites in Chile.
a portfolio of high-quality, robust emission reductions.
Pig farm biogas project – Philippines, Pampanga
After considering 29 other providers, NetJets Europe approached provinces
EcoSecurities to supply them with credits from its wide portfolio
of emission reduction types. The company decided to invest in
This project is part of a series of demonstration projects in the
pre-registration Verified Emission Reductions (VERs) from the
Philippines that will bring the technology and financing to engineer
following projects, to offset the carbon emissions of both the
more sustainable waste treatment solutions, and capture methane
company and its clients:
emissions to create biogas for electricity generation. The project
81 | ecoexecutive
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