Colorado Carbon Fund
The Climate Trust is recruiting carbon projects in Colorado for the Colorado Carbon Fund.
- Projects must take place within the state of Colorado, and can be either private or publicly owned.
- Project developers must demonstrate that selling emission reductions to The Climate Trust somehow enables a project's implementation and that without the opportunity to sell the project's emission reductions the project would not occur. See the additionality standard for more details.
- Projects must reduce emissions through energy-related measures such as avoidance of methane emissions, switching to renewables, or making efficiency improvements. The Colorado Carbon Fund is not currently accepting sequestration project proposals.
- Projects must reduce emissions of one or more of the six greenhouse gases (including carbon dioxide, methane, nitrous oxide, hydrofluorocarbons, perfluorocarbons, sulphur hexafluoride).
- Project must reduce emissions at the site where they are implemented by reducing or displacing the use of fossil fuels.
- Projects must demonstrate clear ownership of the emissions reductions; therefore projects that reduce or displace grid electricity are not considered because they result in indirect emission reductions, which may cause ownership and double counting concerns.
- Projects must reduce at least 40,000 metric tons of CO2-equivalents over the contract term. Similar project types can be aggregated to meet the size requirement. For information and guidance on calculating emission reductions go to the baseline page. Also see the Quick Start Guide for examples of this scale of reductions.
- Projects must not yet be implemented and will not be implemented until after an Emission Reduction Purchase Agreement is executed.
The Colorado Carbon Fund is interested in receiving a variety of innovative and viable offset project proposals, but has a preference for:
- Anaerobic digester projects
- Biomass projects
- Commercial solar hot water heater installations
- Energy efficiency projects with direct emissions reductions, such as cogeneration
- Transportation-related projects
- Projects that have contract terms for 15 years or less
At this time, the Colorado Carbon Fund is not considering any projects with emissions reductions related to reducing or displacing the use of grid-tied electricity, or any type of biological or terrestrial sequestration projects (such as low- or no-till farming practices, reforestation or CO2 injection or storage). However, we may seek additional project types in future years.
About the Colorado Carbon Fund
The Colorado Governor's Energy Office selected The Climate Trust to design and implement the Colorado Carbon Fund, a program that provides individuals and businesses the opportunity to support high-quality greenhouse gas offsets in Colorado. Called Project C, the voluntary retail offset program was designed to reduce greenhouse gas emissions and to support new energy efficiency and renewable energy projects in the state.
The Climate Trust is responsible for program design, offset project acquisition, methodology development, and fund management.