Understanding Carbon Strategy Options:
Gain insights into viable carbon options, including commercial structures, project and claim types, and learn from industry peers’ actions via benchmarking.
Carbon Strategy and Consulting for the oil and gas industry
Why conduct a carbon strategy engagement?
To stay on track with global targets to limit climate change, it is essential that all companies, especially in hard-to-abate sectors, help mitigate emissions outside of their value chains while their own reduction efforts ramp up.
A well-crafted carbon credit strategy is a key tool that firms can use to proactively address their hard-to-abate emissions, align with increasing investor and customer demand for sustainable practices, and even help develop technologies to advance their own future decarbonization.
While there has been significant noise and criticism surrounding use of voluntary carbon credits in recent months, we now have more examples and analysis than ever before to point the way towards the kind of strategic engagement in the market that minimizes risks (e.g., negative media coverage) and maximizes benefits (e.g., companies in hard-to-abate sectors becoming models for their peers in transparent, high-quality carbon credit claims). Such strategic engagement can help shore up a company’s long-term viability in an increasingly environmentally conscious world.
Whether your organization is just getting started on your climate journey or is already on a sustainability path, our team of climate experts is here to help navigate through the complexities of developing a clear and concise carbon strategy.
UNCOVER OPPORTUNITY:
Our decarbonization strategy consulting experts are helping oil and gas firms develop credible, transparent, and ambitious carbon credit strategies using a combination of the following approaches:
Setting Evaluation Criteria:
Define evaluation criteria that reflect a company’s unique procurement priorities, requirements, and cost and risk tolerances.
Developing a Strategic Roadmap:
Create a strategic carbon credit roadmap by leveraging your evaluation criteria to prioritize short-term and long-term carbon procurement approaches.
Build your carbon strategy roadmap
Our team of carbon advisors will work hand-in-hand with your team to develop a comprehensive carbon strategy roadmap, including recommendations on timing for purchases and investments, project types, geographies, commercial structures, and more.
ADDITIONAL CLIMATE SOLUTIONS:
RECs and Other Global EACs
Whether you’re addressing the electricity use of an office building, a manufacturing facility across the ocean, or anything in between, 3Degrees will craft a plan to source high-quality, global renewable energy products that balance cost, geography, and technology preferences – including Renewable Energy Certificates (RECs) and other global Energy Attribute Certificates (EACs).
Transportation Decarbonization Solutions
With transportation emissions now responsible for approximately 24% of GHG emissions, any organization committed to reducing its impact must have a plan to address its transportation footprint. 3Degrees helps organizations develop strategies that can leverage the Low Carbon Fuel Standards (LCFS) market, address fleet electrification needs, and invest in carbon offset projects within the transportation sector.
PPAs and Renewable Energy
Power purchase agreements (PPAs) enable organizations to make big strides in addressing their scope 2 emissions, meeting their global carbon reduction and renewable energy goals and, importantly, drive the transition to a low-carbon economy.
3Degrees works with our clients to develop optimized renewable energy transaction strategies and execute best-fit contracts.
THE 3DEGREES DIFFERENCE
Broad experience,
deep expertise
We are a global team of scientists, sustainability managers, renewable energy developers, and wholesale market experts across North America and Europe. Our deep bench strength across all areas enables 3Degrees to bring a unique perspective to every client engagement.
Best-fit approach
We have worked with clients from numerous Fortune 500 companies, oil and gas firms, municipalities, learning institutions, and beyond. Our holistic approach enables cost-effective, best-fit strategies that are tailored to each client’s specific needs. There is no “one size fits all” option at 3Degrees.
Trusted partner
The role of a sustainability partner can be a challenging one. We believe in complete transparency and will always share the good news, as well as the hard truths, with our clients. Together, we will identify strategies that are most likely to succeed in your unique context.