Drastic changes to energy markets from COVID-19 have highlighted the market risks for corporate buyers considering virtual power purchase agreements (VPPAs). A combination of decreased electricity demand and all-time low natural gas prices has led to a noteworthy decline in wholesale electricity prices in some markets, which is bad news for VPPA offtakers. Corporate buyers […]
At 3Degrees, we work with a wide variety of organizations, including large corporates and utilities, to help them meet their renewable energy goals. So over the past few highly challenging months, we’ve had many conversations with leaders from both sectors on how to best approach their current and future renewable energy needs in the face […]
Since the World Resources Institute (WRI) unveiled new guidance for Scope 2 emissions accounting within the Greenhouse Gas Protocol Corporate Standard back in 2015, there has been an increased focus on global energy purchasing, with more organizations looking for options across the globe. Guarantees of origin One such option is the Guarantee of Origin (GO), […]
It’s the 50th anniversary of Earth Day, and the 2020 theme is climate action. Today, much of the world is sheltering in place due to a global pandemic. While COVID-19 may change how we come together and demand climate action this year, it does not diminish the opportunity to raise our collective voices. In fact, […]
In 2015, the World Resources Institute (WRI) unveiled new guidance for Scope 2 emissions accounting within the Greenhouse Gas Protocol Corporate Standard. This update introduced a market-based accounting mechanism that gives companies the opportunity to reduce their Scope 2 emissions through the purchase of renewable energy certificates, PPAs, and other contractual instruments. This provision has […]
We’ve all probably heard the phrase, “If you don’t have your health, nothing else matters”. Given the current global pandemic situation, this phrase has never felt more true. We want to let you — our trusted clients, friends, partners, and colleagues — know that 3Degrees is committed to staying connected with you on what matters. […]
Part II – Carbon Offset Best Practices In our first article in this series, The Role of Offsets in Corporate Sustainability, we explored common carbon offset project categories, and how offsets can play an important near-term role in companies’ broader sustainability efforts. We also highlighted why offsets sometimes are sometimes criticized, and discussed why or […]
What can businesses do to counteract climate change? How do we ensure a commitment to climate justice, equity, and inclusion guides our action? And how do we persevere through difficult setbacks in this all-important fight? These are some key questions I considered with over 65 business leaders at the 2020 B Corp Climate Leadership Summit. […]
Part I Exploring how, when, and why carbon offsets are important – as well as their limitations As more organizations around the globe heed an urgent call for climate action, carbon offsets are one tool they can use for near-term emission reductions. While the impact of investing in carbon offset projects is sometimes debated, these […]
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Last week, I was part of the Low-Carbon and EV Fleet workshop at VERGE 19. Katie Fehrenbacher from GreenBiz did a great job bringing together thought leaders across business and policy to dive into the opportunities and challenges around decarbonizing transportation. Real world fleet transition challenges I had the opportunity to moderate a panel with […]
