Tag Archives: industry

Voluntary Carbon Offsetting Tops 100 Million Tonnes in 2012

By Sustainable Plant Staff May 31, 2013 Voluntary demand for carbon offsetting grew 4% in 2012, when buyers committed more than $523 million to offset 101 million metric tonnes of greenhouse gas emissions. Private sector buyers flocked to offsets earned by planting trees, saving tropical forests, or distributing clean cookstoves in the developing world, according to this year’s “State of the Voluntary Carbon Markets” report, released by Forest Trends’ Ecosystem Marketplace this week in Barcelona, Spain. “Those at the forefront of this market are now considering how the international donor community could harness the same certifications and programs to deliver these benefits at a much larger scale.” The European private sector, including regulated energy utilities, was the market’s biggest voluntary buyer – seeing demand grow 34% to 43.4 million tonnes of offsets even in the face of significant challenges to Europe’s mandatory carbon market. Across the pond, United States-based corporations, ranging from The Walt Disney Company to Chevrolet, offset more emissions than buyers in any other single country at 28.7 million tonnes. A little over a third of offsets purchased by US buyers (9.7 million tonnes) were obtained for future use in California’s emerging cap-and-trade program. The market-wide survey found that 2012’s voluntary buyers paid a volume-weighted average price of $5.9/tonne – slightly down from 2011’s $6.2/tonne, but significantly higher than the United Nations’ regulatory carbon offset price at less than a $1/tonne. “Whether in North America or Europe, these findings show that many companies remain willing to act ahead of governments when it comes to putting a meaningful price on carbon,” says Michael Jenkins, president of Ecosystem Marketplace’s parent organization, Forest Trends. According to the report, one third of all offsets purchased for voluntary end use were done so to “demonstrate climate leadership” in the buyers’ respective industries. Traditional corporate social responsibility was behind another 42% of voluntary offset transactions. Multinational corporations were responsible for over a quarter of all offset demand, offsetting 27 million tonnes in 2012. Demand surged for carbon offsets from forestry projects certified to the Verified Carbon Standard and Climate Community and Biodiversity Standards – many of them supporting forest conservation, tree planting, and alternative livelihoods among the world’s rural poor communities. Voluntary buyers also funneled $80 million to projects that distribute clean cookstoves and water filtration devices – that burn “clean” or not at all, thus reducing greenhouse gas emissions while sparing households from harmful smoke inhalation. “Sustainable development-oriented projects continue to grow in popularity because of their multiple community benefits,” says the report’s lead author and Ecosystem Marketplace Associate Director, Molly Peters-Stanley. “Those at the forefront of this market are now considering how the international donor community could harness the same certifications and programs to deliver these benefits at a much larger scale.” Wind farms remained as the single largest source of offsets, at 15.3 million tonnes. Purchases were driven by cash-strapped European buyers, due to the credits’ familiarity and affordability at an average price of $3.3/tonne. Behind wind projects, the second most popular offsets came from tree planting projects (8.8 million tonnes). The report’s executive summary is available now.. The full report will be made freely available at the same link in mid-June. This research was produced in partnership with Bloomberg New Energy Finance and was financially enabled by: Santiago Climate Exchange (premium sponsor) and sponsors Baker & McKenzie, ClimateCare, EcoInvest, EcoPlanet Bamboo, Forest Carbon Group AG, the Global Alliance for Clean Cookstoves, and Love the World. Other industry supporters also include the American Carbon Registry, BioCarbon Group, Bloomberg, BP Target Neutral, First Climate, South Pole Carbon Asset Management, The CarbonNeutral Company, and the Verified Carbon Standard. Continue reading

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3 December — Kenya Market Update with Kenneth Minjire

ABN’s Mashudu Masutha speaks with Kenneth Minjire, Fixed income &Money markets analyst at Stanbic Investments, looking at the latest Kenyan markets. Continue reading

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Timber

21 May, 2013 | By Laura Mark This month’s overview focuses on recent changes to EU Timber Regulation. We also take a look at what is being done to encourage the use of home-grown timber, and a number of recent product developments that have come out of this. Timber Regulation Introduced in March 2013, the EU Timber Regulation (EUTR) aims to tackle illegal timber supplies, forming part of a wider European initiative. It is there to ensure illegal timber does not enter local markets. The new legislation places a legal obligation on those putting timber products on the market for the first time, including manufacturers, importers and distributors. ‘Although the obligation will be with the operators to adopt a due diligence system to minimise the risk of illegal timber being imported, traders further down the supply chain – including both merchant branches and even housebuilders – must ensure they have systems in place to be able to trace timber purchases to sales,’ says George Watson, product manager at SmartPly. He adds: ‘Although it is unlikely that the harshest penalties such as seizure of goods and suspension of authorisation to trade will be enforced on the end of the supply chain, a housebuilder for example, should be aware of the reputational downside of having been found to use illegally harvested timber. This could be significant and the best way to avoid this situation is to purchase only no-risk materials’. Malcolm Ellis of International Timber adds: ‘You might be forgiven for initially thinking that EUTR does not affect architects as most products will have already passed through operators and traders down the supply chain before reaching the architect or specifier. However, seizure of timber (a potential penalty) along the supply chain will have significant impacts on all involved and, from the architect’s perspective, could result in a direct cost to the bottom line of the project. So it is clearly vital that all participants in the supply chain, including architects, take due diligence seriously to ensure the credibility of the materials they source.’ For architects this new legislation could mean greater security and less risk when specifying timber products Timber will also be affected by changes to the Construction Products Regulation coming in during July 2013. This will require all wood products that are used in construction in the UK to carry a CE mark. Supporting documents will need to be provided with all timber specified, proving the environmental and legal derivation of the products. For architects this new legislation could mean greater security and less risk when specifying timber products. Watson believes: ‘The changing landscape of timber supply is driving all parties in the supply chain to work in a more integrated way, sharing the responsibility for compliance. The result of this will be a much more robust approach to sustainable and legal timber products’. Encouraging the use of UK timber Many new initiatives are being developed that aim to increase the use of home-grown timber in the UK construction industry. The UK timber industry primarily grows softwoods. The Forestry Commission estimated that in 2011, 10.4 million tonnes of roundwood was removed from UK forests, and 95 per cent of this was softwood. Wood for Good is an initiative working on behalf of the UK timber industry to campaign for the increased use of wood in construction. Chaired by architect Craig White, the group promotes the carbon sequestration properties of timber and therefore its suitability as a sustainable building material. It is also campaigning for the government to introduce a ‘wood first’ policy into local planning legislation. Wood First, as the campaign is known, aims to raise the status of timber to being a first-choice, primary building material. This would require sustainably sourced wood to be considered, where feasible, as the primary construction material in all new-build and refurbishment projects. The organisation states that this will help the UK meet both local and national targets for carbon reduction. Increasing forest cover is one of the most effective weapons in the battle against climate change David Hopkins from Wood for Good explains: ‘Increasing forest cover is recognised as one of the most effective weapons we have in the battle against climate change, and the best way to achieve this is to stimulate demand for sustainable timber products. The introduction of a ‘wood first’ rule will help to make this happen. ‘Introducing the rule would bring multiple benefits to local authorities. It will help drive efficiencies by increasing the speed of construction, while timber’s exceptional thermal insulation properties will enable them to create homes and buildings that consume less energy.’ The Grown in Britain programme, headed by BRE chief executive Peter Bonfield, emerged in July 2012 from the government’s independent panel on the future of UK forestry and woodland policy. Grown in Britain aims to boost levels of woodland management through demand for home-grown timber. It has partnered with various organisations on a number of timber construction projects including the University of East Anglia Enterprise Centre, due to complete in January 2015, and the extension to the Coed Y Brenin visitor centre in Wales, designed by Architype. Both of these projects are pioneering a renaissance in the use of Brettstapel. This construction method, increasingly being called Dowellam in the UK, is a solid-wood, structural panel system that can be manufactured using UK grown softwoods. The visitor centre at Coed Y Brenin is considered to be one of the first applications of this method using home-grown timber, and is seen as a significant breakthrough in the campaign to manufacture Brettstapel from home-grown timber. Source: Architype Sketch of the Coed Y Brenin visitor centre with the new building shown highlighted in grey The 400m² extension to the existing visitor centre will include a new bike shop, a conference room and meeting room facilities. Brettstapel will be used for the load-bearing external walls, internal partitions and the first floor construction. Brettstapel was first used in the UK by Gaia Architects on Acharacle Primary School in Scotland, in 2009. This highlighted the construction technique and, although not made from local timber, it could be credited with beginning the future developments of this method within the industry. The use of Brettstapel on the Coed Y Brenin visitor centre has been boosted by investment from initiatives encouraging the use of local Welsh wood, including Wood Knowledge Wales, Wales Forest Business Partnership and the Forestry Commission Wales. There are currently no commercial manufacturers of Brettstapel panels in the UK, and this investment could encourage it to become a commercially viable product. As the desire to use prefabricated systems increases, we could see a rise in the number of architects looking to use the Brettstapel system. A modular housing company was set up by the Coed Cymru sawmill in Wales to explore the use of low-grade timber. Named Ty Unnos, meaning ‘house in a night’, the company draws on ancient traditions of building houses quickly in order to claim common land. This parallels the system’s ease and speed of construction. At present, most timber-frame manufacturers in the UK use imported softwoods due to their greater stability and superior strength, but Ty Unnos is working to develop ways of using home-grown timber to its full potential. More than 70 per cent of Welsh forestry production is Sitka spruce, yet it is rarely used for UK construction due to its poor structural strength qualities. Ty Unnos has developed a modular building system using entirely Welsh timber. The system, based on simplified beams and standardised kits, uses local Sitka spruce in standardised, readily available lengths. Using coppiced willow, engineer Smith and Wallwork worked with Cambridge University architecture students to develop a timber bridge structure that would not decay over time. The bridge at Cow Hollow in Cambridgeshire uses a deck created by planting willow into the riverbanks. This method negates the need for any steel or concrete and shows how small bridges can be created using entirely local wood. http://www.architect…l-Ramag_380.JPG Source: Michael Ramage Continue reading

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