The Bonneville Environmental Foundation announced that it is teaming with The Climate Trust to purchase more than $200,000 worth of green power over the next 10 years from the Bonneville Power Administration (BPA). The two organizations will purchase 36,500 MWh of green certificates, which represent the environmental benefits of power from an Oregon-based wind project, and hold the pollution offsets in trust so that they cannot be sold to companies to meet emissions caps. The Climate Trust will retire the CO2 offsets, which amount to 2,300 metric tons each year, while BEF will retire the remaining environmental attributes, including offsets for nitrogen oxide, carbon monoxide, mercury and other pollutants. BPA plans to use the revenues from its certificate sales to develop new renewable energy projects in the Pacific Northwest.
In related news, BEF is now selling green certificates (or "green tags") on the Internet. Each green tag represents 1 MWh of green power and is sold for $20, with a minimum purchase requirement of two certificates. Large purchasers may be able to negotiate discounted rates. Currently, the certificates represent output from the Wyoming-based, Foote Creek Rim wind project, but new wind and solar resources may be used to create certificates in the future. Certificate payments are tax-deductible and BEF reinvests any profits from certificate sales in the development of new renewable resources.
News Release - Environmental Nonprofits Creatively Finance Wind Power to Cut Carbon Dioxide
News Article - Bonneville Environmental Foundation Offers Green Tags for Individuals
BEF Contact: Angus Duncan (503) 248-1905