For the benefit of its members, clients and communities.
In 2014, Coop Carbone acquired ÉcoRessources, a natural resource economics consulting firm that specialized in climate change, agri-food, energy and environment.
Through this acquisition, we offer services to stakeholders and organizations concerned about their climate footprint and the climate change impacts upon their activities, in terms of GHG inventory, identification of innovative solutions to reduce emissions and offsetting with carbon credits.
Coop Carbone benefits from a team of complementary experts, including experienced and renowned collaborators, who bring in-depth knowledge and sound judgments. This collaboration allows us to work with clients from various backgrounds: governmental and municipal organizations, citizens’ groups, private businesses, agricultural cooperatives, etc.
Despite the warning signs, many industrialized countries delay in implementing concrete plans to reduce GHGs. At the rate things are going, the policies currently in place worldwide are expected to result in a warming of nearly 3°C by 2100. Cities, institutions and companies are therefore called upon to assume a certain leadership and to implement sustainable solutions at the local level. Our added value is represented in the wide range of services we are offering.
The environmental benefits of Coop Carbone’s carbon offset approach have a triple impact:
Direct GHG reductions for large emitters, since Coop Carbone withdraws from the market a portion of the emission rights intended for them.
To acquire emission units, Coop Carbone participates in auctions organized by the Quebec government. For its part, the Quebec government pays all revenues from the carbon market auctions to the ECCF and supports businesses, municipalities and individuals in reducing GHG emissions and in adapting to climate change.
The remaining margin is used by Coop Carbone (a non-profit cooperative) and reinvested in concrete projects in Quebec, both urban and rural, with direct benefits in terms of GHG emission reductions.
Economic and social benefits
With the carbon offset approach we are proposing, the economic and social impacts are multiplied. By purchasing emission units on the regulated carbon market, we participate in creating a scarcity that will have the effect of increasing the price of emission rights in Quebec, and in so doing, making fossil fuels more expensive than low-carbon energies, thus promoting the development of Quebec’s renewable energies. Subsequently, investment in agricultural energy cooperatives or in new forms of mobility will generate economic benefits of a new order.
Companies are putting mechanisms in place to address GHG emissions. All stakeholders agree on the need to put a price on GHG emissions. This is precisely what the carbon market is doing.
There are several carbon markets around the world. Companies are subject to these markets through their respective states. In North America, only Quebec and California have a carbon market harmonized under the Western Climate Initiative (WCI).
In Quebec, there are slightly fewer than 100 companies (industrial and/or fuel distributors) that are directly subject to the cap-and-trade system (CATS).
Each year, the government issues emissions units based on a total cap on GHG emissions.
This emissions cap is decreased in order to force companies to reduce their emissions, particularly through innovation. At the end of each compliance period, emitters subject to the market must hold the emissions rights to cover all their GHG emissions. Compliance periods last three years. Emission units are auctioned four times a year by the government. Companies can trade them at any time, according to their respective needs.
Coop Carbone can help you find solutions to help you reduce your GHGs and thus improve your company’s competitiveness.
+ Integrated portfolio management service for emission rights;
+ Access to offset credits and project-based rights for large emitters;
+ SWAP service between emission rights and offset credits for large emitters.
Our expertise can support businesses and organizations that wish to:
+ Take an inventory of its greenhouse gas (GHG) emissions;
+ Develop reduction targets and a roadmap adapted to their reality;
+ Develop a GHG emissions reduction action plan;
+ Quantify the GHG reductions associated with its projects;
+ Define a coherent offsetting emission approach.