RPH Ranch Forest Project
Fifteen miles from the Pacific Ocean outside of Comptche, California lies a rich coastal ecosystem ideal for growing redwoods. And while Mendocino county is well known for housing the tallest old-growth redwoods in existence, RPH Ranch Forest is recognized for something more.
As a verified carbon offset forestry project, RPH Ranch generates carbon offsets for every metric ton of carbon dioxide absorbed by the old-growth forests and redwoods that would have otherwise been logged. The Ranch also generates offsets for the carbon dioxide absorbed by its 3,000 newly planted redwoods. Per the conservation order, the property will never be developed and its old-growth forests will never be logged.
The impact is twofold: Project owners not only maintain high environmental conservation standards that protect the forest, wildlife, water and soils, they also generate revenue that helps them recoup their forest maintenance and equipment costs. Plus, with innovations in carbon market standards and state-mandated cap-and-trade systems, many forest owners are turning to these projects as a way to diversify revenue and support sustainable forest management.
WHAT’S A FORESTRY CARBON OFFSET?
Carbon offsets from forestry projects are created when one metric ton of carbon dioxide is absorbed by the forest. As trees grow, they absorb carbon dioxide from the atmosphere through photosynthesis. Forestry carbon offsets are measured through a robust protocol of forest monitoring and scientific verification.
Joining forces to further the vision of a world where it is universally more valuable to solve environmental problems than to create them.
CDP and 3Degrees are pleased to announce that 3Degrees is coming on board as a partner to bring renewable energy products and services to CDP responding companies worldwide.
For more than 10 years, 3Degrees has been working with Fortune 500® clients, developing strategies to help them meet their carbon reduction and renewable energy goals. During this time, 3Degrees has played a leadership role in the renewable energy sector and has been named an EPA Supplier of the Year eight times.
“Climate change crosses political and geographic boundaries, and so must our solutions. 3Degrees has been working on this important issue for over a decade,” says Kim Fiske, vice president of Renewable Energy Procurement. “This partnership with CDP will allow us to make a larger impact as we work to connect people and businesses with cleaner energy on a massive scale.”
This partnership represents a new opportunity for 3Degrees to leverage their industry experience and help organizations worldwide reduce their carbon footprints by making direct investments in renewable energy.
“We are excited to welcome 3Degrees as a Gold Renewable Energy Partner that will help our global network drive the transition to a low-carbon future through renewable energy procurement,” says Paul Robins, Head of Partnerships at CDP. “3Degrees’ extensive expertise in this field will be a positive addition to CDP and will add great value to our responding companies.”
3Degrees announced a five year contract with the Maine Public Utilities Commission to continue to offer Maine Green Power to the state’s electricity users. This second contract between the two organizations ensures customers of Central Maine Power and Emera Maine – the utilities servicing the majority of Maine’s population – will continue to have the option to support green energy.
2000 customers are already enrolled in the program, together supporting 10,000 megawatt-hours of renewable energy in 2015 alone. Maine is New England’s leader in hydro and wind power generation and as such it is no surprise that the program has garnered a positive reception during its first three years. “It makes sense that electricity users in Maine would want a program like Maine Green Power. It’s a natural outcome of Mainers’ passion and commitment for keeping things local” said Ryan Link, Director of Utility Partnerships at 3Degrees.
Maine-based program staff will continue marketing the program through events and door to door canvassing. Representatives will also focus on helping commercial businesses meet sustainability goals by using green energy. “Businesses are always looking for ways to differentiate themselves from competition. Choosing renewable energy with Maine Green Power is a way to match business operations with customer values,” added Link.
About Maine Green Power
Maine Green Power is a program developed and overseen by the Maine Public Utilities Commision which allows any entity paying an electricity bill in Central Maine Power or Emera Maine territories to pay an additional charge to purchase renewable energy made in Maine. There is no contract, no equipment to install, and a person can enroll regardless of their competitive electricity supply.
3Degrees welcomes Tyler Espinoza as our newest Renewable Energy Analyst. Tyler joins Kim Fiske’s team at 3Degrees which is focused on advising customers through the direct purchase of renewable energy, such as via PPAs or on-site solar. In this role, Tyler will evaluate direct procurement energy deals with an eye for risk and opportunity, an assignment that is trickier than it sounds.
“These transactions can have a real financial upside,” said Tyler. “However, there are many variables to be considered. For example energy prices may remain low, or curtailment or congestion issues may develop and have a significant and unexpected financial impact. My goal is to paint the entire picture for decision makers so they can make a fully informed decision.” Also important to consider is the contract structure. Term, price and location must meet the client’s risk, environmental and financial goals. The experience Tyler brings to 3Degrees will help illuminate these details for clients.
Tyler brings extensive industry experience to the role. Previously he led renewable energy procurement services for public and private clients, including the Department of Energy’s Sunshot initiative. During his career Tyler has helped aggregate solar purchasing for several universities, helped bring 78 megawatts of new solar capacity online and assessed over seven million square feet of space for its solar potential. He will use this vast experience, and knowledge of regional power market dynamics and environmental policy trends, to thoroughly evaluate business and financial risk for 3Degrees clients. Tyler has an MA in International Energy and Policy from Middlebury Institute of International Studies.
Commonly referred to as PPAs, power purchase agreements are a common mechanism for renewable energy procurement and are a growing global trend, thanks to rising interest in sustainable business operations and declining costs of green energy options.
Connect with Tyler on Linkedin.