Featured Sponsor
TerraPass Launches Customizable Carbon Offsets Program
Published June 05, 2008
SAN FRANCISCO, Calif. — As of late last week (but first announced by the company on Monday), customers of TerraPass are able to personalize the types of carbon-reduction strategies in their portfolio.
The options available to offsetters right now are projects funding wind energy, generating farm power from anaerobic digesters and landfill gas. When choosing the number of tons of carbon emissions to offset through each type, TerraPass clients are buying in to a portfolio of each type project, examples of which are posted on the TerraPass website.
TerraPass CEO Erik Blachford explained in an interview that the portfolio model builds more stability into the process: "Offering offsets by project type instead of by a single project itself takes the risk out -- diversification is always a good idea. Putting funds into a portfolio of projects makes it safer."
Blachford also said that increasing participation in just what kinds of offsets individuals and companies alike are buying into is a growing trend in the market. When TerraPass began opening up their proposed offset projects for public comment, Blachford was surprised at the level of response. "We got about a dozen comments on the first round of projects," Blachford said. "That's more than what usually appears on the [United Nations'] Clean Development Mechanism projects that get posted for public comment."
TerraPass offers ways for individuals and businesses to calculate their carbon footprint and then systematically reduce those by lowering their energy use and investing in clean technology projects. First-time customers can calculate their footprint and then choose how much and in what ways to offset those emissions through the new portfolio program.
The options available to offsetters right now are projects funding wind energy, generating farm power from anaerobic digesters and landfill gas. When choosing the number of tons of carbon emissions to offset through each type, TerraPass clients are buying in to a portfolio of each type project, examples of which are posted on the TerraPass website.
TerraPass CEO Erik Blachford explained in an interview that the portfolio model builds more stability into the process: "Offering offsets by project type instead of by a single project itself takes the risk out -- diversification is always a good idea. Putting funds into a portfolio of projects makes it safer."
Blachford also said that increasing participation in just what kinds of offsets individuals and companies alike are buying into is a growing trend in the market. When TerraPass began opening up their proposed offset projects for public comment, Blachford was surprised at the level of response. "We got about a dozen comments on the first round of projects," Blachford said. "That's more than what usually appears on the [United Nations'] Clean Development Mechanism projects that get posted for public comment."
TerraPass offers ways for individuals and businesses to calculate their carbon footprint and then systematically reduce those by lowering their energy use and investing in clean technology projects. First-time customers can calculate their footprint and then choose how much and in what ways to offset those emissions through the new portfolio program.
A monthly metric on responsibility, information, and purchasing in the green economy. The Green Confidence Index is the first ongoing consumer study of its kind. Learn More.
Advertisement
Featured Resources
Citizen Engineer is a fusion of ideas, information, advice, and opinions to provide you...
This analysis of 270 climate and energy policies at the regional, state and national...
GreenBiz.com Executive Editor Joel Makower speaks with Cara Pike about her new research...
This report highlights the incremental cost of building to meet Enterprise Green...
Kevin Skillern, the managing director of Venture Capital at GE Energy Financial Services...
This report from the Green Grid explores how existing and forthcoming legislation is...
Professional Services Directory
Find great professional service providers who specialize in green business. GreenBiz.com's Professional Services Directory lists great resources in sustainability strategies, energy efficiency, marketing, supply chain, recruiting and HR, and many more.
Site Sponsors
Advertisement
Get the latest insights from IBM on best practices in sustainable enterprises, and a framework for crafting energy and environmental policies. Find out more here.
Walmart Sustainability Index

Get the story behind the Walmart Sustainability Index and what it means to your business. Read news stories and insights from Joel Makower, Marc Gunther, and the GreenBiz editors.
GreenBiz.com Career Center
Find the green job that's right for you. GreenBiz.com's green job and career center has jobs in energy efficiency, protecting ecosystems, research and development, green building, administrative, and more. Employers can post jobs and internships for free.
Sponsored Links

Browse
Engage
Research
GreenBiz.com
