Nike Sells Carbon Credits to Entergy
Nike has sold emission reduction credits totaling 100,000 metric tons to utility company Entergy. Environmental Resources Trust verified and registered the credit as a result of Nike exceeding its carbon footprint goals with the World Wildlife Fund’s Climate Savers program.
Corporations register their greenhouse gas emissions with Environmental Resources Trust, an offshoot of Environmental Defense, which verifies the numbers and sets an emissions target, according to Green Wombat. Outside auditors verify any qualified reductions in metric tons of emissions, which then can be sold as credits. Since 2000, Entergy has purchased emissions credits from DuPont, Shell and other companies.
“The key to shifting markets and the economy to a more carbon-neutral position includes a robust carbon offset market to bridge the gap between now- a time in which no cost-effective, bolt-on carbon capture and sequestration technology exists-and a future in which technological innovations including new nuclear, clean coal, renewable fuels and energy
efficiency measures will make it possible to generate zero and low-emission electricity economically,” Brent Dorsey, Entergy director of corporate environmental programs, said in a statement.
Stay Up-to-Date On Environmental Management, Energy & Sustainability News with EL's Free Daily Newsletter
Energy Manager News
- Energy Storage in the Fast Lane
- Alberta Firm Aims for Energy Neutral Egg Laying Barn
- The Department of Energy Seeks to Improve the Better Buildings Challenge
- Behind the Meter: The Many Advantages of Energy Benchmarking
- Telecommunications Companies Upgrade Their Approaches to Energy
- Cutting Energy Use in Fire Stations
- Revolution Lighting Signs School Districts in NY, NJ
- Green Building Boom Is Pumping Billions into US Economy, Retrofits Are Fueling the Trend