This information is intended primarily for use by entities considering large-volume (i.e., 1,000 metric tons or greater) purchases or retirements of verified carbon-equivalent emissions reductions (a.k.a., “carbon offsets” or “carbon credits”) via transactions to be initiated off-line. Such transactions may involve one-time delivery of previously registered, serialized offsets, and/or forward commitments for delivery of offsets associated with future emissions reductions. The transactions are typically subject to the terms of a standard purchase order or, where warranted, a negotiated purchase and sale agreement.
Offset project type and ownership. All of the offsets offered by CommonWealth result from the capture and destruction of landfill methane, a greenhouse gas with a global warming potential 21 times greater than that of carbon dioxide. The methane capture projects are located in New England, and are owned and operated by wholly-owned CommonWealth subsidiaries. CommonWealth is a privately held domestic U.S. corporation based in Massachusetts. The company does not act as a re-seller or broker of offsets generated at projects owned by unaffiliated third-parties. Detailed descriptions of the projects in the form of “Monitoring, Reporting and Verification Protocols” and related Verification Reports and can be found at the following public access pages of the American Carbon Registry:
Offset type and quality. All transactions result in the transfer of property interests in (or alternately, the permanent retirement of) serialized, registered Verified Emission Reductions (“VERs”). Depending on the project, the VERs may be denominated as either Voluntary Carbon Units (“VCUs”) or Emission Reduction Tons (“ERTs”). Each VER represents one metric ton of CO2-equivalent (“CO2e”) emission reductions that have been independently verified to be real, quantifiable, permanent, and additional in accordance with the guidelines and criteria established by the issuing offset program and/or registry. Independent verification of all project emissions reductions claims is provided by First Environment, Inc., an ISO 14064-compliant verification services entity recognized and/or accredited by the American Carbon Registry, the Voluntary Carbon Standard Association, the California Climate Action Registry, and the Chicago Climate Exchange.
The Greater New Bedford project is registered on the Markit Environmental Registry (for the Voluntary Carbon Standard Association) and the American Carbon Registry. It had also been registered on the Chicago Climate Exchange, the Environmental Defense Fund’s “Carbon Offset List”, and the US EPA’s Climate Leaders program, when those programs were active. The North Country project is currently registered on the American Carbon Registry, and previously, on the Chicago Climate Exchange and the Environmental Defense Fund’s “Carbon Offset List” when those programs were active. To assure chain-of-custody accounting for each uniquely-issued offset, transfers of VERs from either project normally take place between account holders on the relevant registry. Retirement transactions may be recorded on behalf of registry member entities and non-member entities alike. Transactions of VCUs or ERTs can also be initiated on the electronic trading platform of the Carbon Trade Exchange with automated financial settlement between exchange members, followed by appropriate automated entries on the relevant registry.
Available quantities. Depending on the project and the year of generation (“vintage”), offsets may be available in quantities up to approximately 100,000 metric tons per year.
Commercial terms. To review our standard terms and conditions for the sale and delivery of registered VERs, click on the link below. Contracts for forward delivery commitments are generally negotiated based on these, or substantially similar terms. Prices vary by quantity and vintage. See “Terms and Conditions for Sale and Delivery of VERs”.
Contact. For more information regarding offset price, terms and availability please contact:
Mr. Anton Finelli
CommonWealth Resource Management Corporation