Garrigues and AENOR will offset Carbon Expo 2009
Garrigues Medio Ambiente, the consultancy branch of Garrigues, will inventory and offset Carbon Expo 2009 GHG emissions, being the process verified by AENOR.
GHG emissions within Fira de Barcelona premises will be calculated ex-ante, monitored during the event and adjusted ex-post. Voluntary Emission Reductions will be retired accordingly in order to make Carbon Expo 2009 carbon neutral.
Garrigues Medio Ambiente, the consultancy branch of Garrigues, will inventory and offset Carbon Expo 2009 GHG emissions, being the process verified by AENOR.
GHG emissions within Fira de Barcelona premises will be calculated ex-ante, monitored during the event and adjusted ex-post. Voluntary Emission Reductions will be retired accordingly in order to make Carbon Expo 2009 carbon neutral.
“As climate changes, only a few have learned how to transform the challenges into real opportunities. Carrying out voluntary actions such as quality GHG emission offsetting is among those practices that are not compulsory, but then very relevant in a climate change framework where putting effort up-front is going to take leadership” comment Antonio Baena and Lluis Esquerra, Partners Head of the consulting and legal Climate Change practice.
"Obtaining the certificate ‘Marca AENOR Emisiones de CO2 Compensadas’ (CO2 Emissions Offset) by Carbon Expo 2009 event demonstrates the willingness of the international even to neutralize the issue of greenhouse gases, becoming an example for businesses and organizations that will host during its celebration" explains José Luis Tejera, AENOR Development Manager.
The Project chosen by Garrigues to perform the offsetting is a 29.7 MW wind farm located in Karnataka, India, which was registered as a CDM on the 20th November 2008 . The carbon credits used for the offsetting will be pre-CDM credits, from the 2008 vintage and according to the VCS standard (2007 version). The developer of the project is Acciona Wind Energy Pvt. Ltd. (AWEPL). The transaction has been brokered by Capital Markets.
Garrigues is the largest law firm in continental Europe. For almost a decade now, Garrigues pioneers a holistic approach to climate change by offering such unique combination of legal and consulting services. Our multidisciplinary team assists a wide range of clients through a global network of offices and alliances. Other than carbon offsetting, some of the services we offer integral CDM/JI assistance, services on carbon finance, GHG inventories and strategic climate change assessment, among others. Up to date Garrigues has assessed their clients in over 500 environmental and climate change projects, having in particular reviewed over 80 CDM and JI projects and helped our clients register several of them in United Nations (being the first “Las Vacas”; 12/17/2005).
AENOR is the leader in certification with 50,895 certificates issued at the end of 2008. Under the Clean Development Mechanism (CDM), AENOR is the only Spanish and the sixth world accredited by the United Nations as a designated operational entity (DOE) to validate and verify emission reduction projects in greenhouse gases. Currently, AENOR develops over 150 projects in various countries in Latin America, Asia and Africa, many of them with the World Bank. AENOR also granted the first license Marca AENOR Emisiones de CO2 Reducidas (CO2 Emissions Reduce) at the Madrid-Barcelona air shuttle , managed by Iberia Airlines, adding to the Marca AENOR Emisiones de CO2 Compensadas (CO2 Emissions Offset).