U.S. Groups Finance Wind Power to Cut Carbon

The Bonneville Environmental Foundation and The Climate Trust have announced a ten-year joint purchase of pollution-offsetting green power that will be worth US$200,000.

PORTLAND, Oregon, US, 2001-09-19 [SolarAccess.com] The purchase of 36,500 MWh of BEF Green Tags will result in the annual displacement of 2,300 metric tons of carbon dioxide, and significant amounts of other harmful pollutants. In the transaction, the CO2 offsets are separated from other environmental attributes and transferred to The Climate Trust. The offsets will be retired and the environmental benefits will be held in trust and not sold to companies for use in meeting emissions caps. BEF retains and will retire the remaining environmental attributes, including offsets for nitrogen oxide, carbon monoxide, mercury and other pollutants. “This purchase is equivalent, in terms of reducing pollutants, to parking 5,100 cars at the curb for the next ten years,” says BEF president Angus Duncan. “Two environmental organizations, BEF and The Climate Trust, are cooperating to reduce pollution and mitigate the impact of human energy use on global climate change.” “This is appealing because each organization leverages funding from the other, and together we can pay for increased environmental benefits,” adds Mike Burnett, executive director of The Climate Trust. The Green Tags are being purchased from the Bonneville Power Administration and will come from new turbines at Condon, Oregon, or another wind facility in the state. The Green Tag revenue received by BPA will be reinvested in renewable energy projects to serve electricity users in the U.S. northwest. The electricity generated by the wind turbines will displace electricity that would burn fossil fuels at other power plants. BEF was founded in 1998 to fund new renewable energy resources and watershed restoration projects. Although BEF maintains a strong collaborative relationship with BPA, they are separate organizations. The Climate Trust was formed in 1997 in response to Oregon legislation that requires new power plants to counter their global warming pollution impact and limits the amount of CO2 that a new power plant can release. Power plant developers can comply with the standard by making a payment to The Climate Trust, which uses the funds for offset projects that reduce atmospheric CO2 levels from the new Oregon power plants.
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