How carbon credits benefit your business. We wrap up our series on carbon neutrality with a discussion of the ways carbon credits benefit your business today. For more information on how carbon credits can help your business reach carbon neutrality, contact your Twin Feathers team.
How to purchase carbon credits-Part 2. We finish discussing the process of purchasing carbon credits and the importance of retiring them. Twin Feathers purchases carbon credits for clients with the intent that the purchase will cause them to be carbon neutral.
How to reach carbon neutrality. We provide expert information to help your business be proactive in dealing with the changing energy market.
What does it really mean?
Carbon neutrality is the idea of reaching net zero greenhouse gas emissions by creating a balance between the amount of gas emitted into and absorbed from the earth’s atmosphere. Creating this balance is part of a larger push toward less fossil fuel consumption in the future. Carbon neutrality centers on the desire to lower emissions released through fuel consumption. The main emission targeted today is carbon.
What is carbon?
All fossil fuels – oil, coal, natural gas and more – contain carbon. Burning or otherwise consuming these fuels releases carbon into our atmosphere. This release of carbon is said to degrade the earth and its environment.
Whether you agree or disagree with the view that carbon emissions are dangerous, the premise that they are harmful drives a major portion of the current climate change agenda.
What are Carbon Intensity (CI) values?
California has been a leader in the move to reduce carbon emissions. The state uses a Carbon Intensity (CI) factor to evaluate the amount of carbon emissions a fuel produces.
They assign each fossil fuel and energy source some type of CI value. The end goal for this value is like scoring in golf – those in charge want the lowest CI score to win.
An example of how this scoring could work is comparing traditionally created propane, with a CI score in the 78-80 range, to gasoline, which has a score of 90-100. Propane has a lower score than gasoline, which is good. However, those in charge want very, very low scores – scores that are 50-70, or lower.
How do you achieve that and what does it mean for your business?
We will continue our series on carbon neutrality and its impact on your business on July 22. Please contact your Twin Feathers team for more information on smart solutions for navigating the shift to carbon neutrality.
“Change – the only constant.”
The UN position on Climate Change
According to the United Nations Sustainable Development Goals, global temperatures have risen 1.1ºC above pre-industrial levels. This temperature increase is linked to melting glaciers, rising sea levels, flooding and droughts, which impacts millions of people.
What is the cause of climate change? According to the United Nations, greenhouse gas emissions are the reason for our global climate problems, and the energy sector is responsible for 75% of greenhouse gas emissions (carbon).
The Changing Energy Market
Current global concern about climate change and the accompanying focus on the energy sector leads us to expect major shifts in how energy is used. According to the United Nations, over 190 countries have joined the efforts to reach net-zero greenhouse emissions. Countries participating in the Paris Agreement must meet the following goals:
- get greenhouse gas emissions (carbon) to peak before 2025,
- make emissions decline by 43% by 2030,
- have emissions reach Net-Zero by 2050.
Additionally, President Biden recently committed to getting the United States to 100% clean power by 2035.
A “New Normal”
No one talked about goals like these 40-50 years ago. Even a decade ago, they would have seemed far-fetched. Many people argue that these targets are not achievable. Many people have difficulty even imagining a world where these goals are the norm. We can argue about whether these goals are attainable, but the reality is that carbon neutral targets will significantly change the propane and fuels markets. And these changing targets are becoming the “new normal.”
We Have Your Best Interest at Heart
How will your business survive this shift? How will you navigate this new normal? Over the next few weeks, the Twin Feathers team will show the impact of these changes and how your business can thrive.
Check back here for updates on our series on carbon neutrality. Please contact us, to learn how the Twin Feathers team can assist you in making smart decisions while navigating the changing energy market.
We Have You Covered
With Our Proven Process.
Rest easy knowing we’re your guide for energy industry market expertise and commodity advising.
We’ll analyze past year’s performance to identify pain points and areas for improvement, including a comprehensive savings evaluation.
Choose Your Solution
We’ll recommend the best plan to meet the unique needs of your business and provide a detailed price estimate before getting started.
From Our Valued Customers.
We enjoy working with Twin Feathers. Great people who have helped our business!
Twin Feathers has taken the burden of the everyday supply logistics off our plate and allowed us to focus on our operations in the critical times of the year. They have educated our team along the way and helped us brainstorm options/risks that fit our business model. Twin Feathers has allowed the Tevis organization to explore opportunities within the supply and hedging arena that we would not have been exposed to without the relationship.
We experience less angst when making a futures purchase.
They not only taught us how to plan and diversify our supply, but also new ways to protect the price. They have been great at negotiating supply deals and putting plans in place to know we will be secure when the market is not. I am confident that if things get tight we will be in a better position than our competitors.
We can’t say enough about the high level of service the entire team provided us. We relied on them and they came through for us over and over. They are complete professionals and a pleasure to do business with.
It has been one of the best decisions that our company has ever made. The Twin Feathers team have looked after our interests since day one, and have executed the plan each year very well.
About Twin Feathers
Twin Feathers has partnered with energy firms since 1998 to provide transparent, value-driven commodity market advisory services.