At Cocozen we wanted to create a product that would really contribute to making our world a cleaner place to live for us and our future generations, we do this by carbon offsets. Carbon offsets is a powerful tool in the fight to avoid the worst effects of climate change. By contributing a portion of proceeds to a carbon negative investment portfolio we help reduce and reverse carbon particulates in our air. This is why CocoZen has partnered with Frontier and CNaught, because they are here to make the world better, not to just help us feel better. Every choice they make is to increase the speed and scale of reducing the amount of carbon in the atmosphere. We built an offset portfolio that supports multiple project types while conducting deep due diligence to ensure that every project is driving real impact. Below are the current projects we support through our partners at Frontier and CNaught.
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Frontier Carbon Removal Portfolio
The Frontier offtake portfolio focuses exclusively on the most innovative permanent carbon removal technologies ready to rapidly scale. Frontier technologies are highly vetted against target criteria, including the ability to store removed carbon for more than a thousand years and the potential to be low-cost and high-volume in the future, in line with 2050 climate goals. Offtake carbon removal units come from a diverse and globally distributed portfolio of the most promising carbon removal technologies, vetted by industry experts and Frontier’s team of scientists. The portfolio approach is intended to accelerate the broader carbon removal ecosystem and mitigate delivery risk. The portfolio includes a combination of: direct air capture, biomass carbon removal and storage, and other pathways as they become offtake ready.
Frontier is based in South San Francisco, California, United States.
Find out more at frontierclimate.com
Fuzhou Hongmiaoling Landfill Gas to Electricity Project
This project supports collection of landfill gas and generation of 2.5MW of electricity at a landfill in Fuzhou City in Fujian Province in southeastern China. The landfill received waste from 1995 until 2008, and—like most landfills—throws off methane as some of that waste decomposes. Credits are generated from two pieces of the project: (1) avoiding the emissions of methane (a potent greenhouse gas) into the atmosphere and (2) using the power generated from the methane (natural gas) to displace dirtier coal-fired power coming from the electric grid. The project clearly required carbon revenues to achieve these two goals and therefore generates high-quality carbon offsets.
Project Registry: Verra VCS:253
Katingan Mentaya Project
The Katingan Mentaya Project protects and restores 149,800 hectares of peatland ecosystems in Indonesia. The surrounding land was drained and converted to palm and other plantations, and the project prevents the protected area from the same fate. The are is a vitally important and dense carbon sink. While peatlands represent only 0.3% of the earth’s surface, their destruction contributes between 2-5% of annual anthropogenic greenhouse gas emissions. Katingan is one of the highest-regarded, large-scale avoided deforestation projects in the world.
Project Registry: Verra VCS:1477
Grouped Projects for Safe Drinking Water for Schools in Vietnam
Project aims at improving the quality of drinking water through dissemination of zero greenhouse gas emitting safe drinking water purifier (SDWP) to provide safe drinking water for schools and institutions throughout Vietnam. In this grouped projects, the schools include Kindergartens, nurseries, primary schools, secondary schools, high schools. Institutions or/and community homes are home for disabled, orphanage, nursing home, mental home. For this reason, this proposed project activity will avoid the use of thermal energy and/or low energy and associated emissions. The grouped project activity will minimize the use of non-renewable biomass or fossil fuel utilized for boiling water as a means purification to achieve safe drinking water quality in the absence of this project activity. This directly leads to reduced greenhouse gas emissions. Furthermore, it can be helpful to user’s health. The project activity targets schools/institutions with no previous safe drinking water access. The geographical boundary is in Vietnam. Water purifiers are distributed free of cost to schools. Sustainability Investment Promotion and Development Joint Stock Company (SIPCO) shall finance the implementation of the project in full.
Project Registry: Verra VCS:3599