Committed to being a leader of the transition to a carbon-neutral economy, ENGIE, Brazil’s largest private-sector energy company – active in power generation, trading and transmission, gas transportation and energy solutions – offers its customers a range of products and services to decarbonize their operations and activities.
The solutions were devised at a time when best ESG practices are increasingly expected from companies, and the financial market values greenhouse gas (GHG) emission reduction initiatives, with positive impacts on business and on corporate image.
The solutions that ENGIE offers include Green Products, renewable energy contracts (ENGIE-REC), carbon credits, and renewable energy certificates (I-REC).
ENGIE-REC is a solution for decarbonizing the activities of companies buying energy from the Free Market. They are renewable energy supply contracts with guaranteed energy generation source, in each case from ENGIE’s wind farms and hydroelectric plants. This enables companies to completely offset their carbon emissions.
“The UNO indicates the use of renewable energies as one of the main actions to be taken to reduce greenhouse gas emissions and preserve the environment. ENGIE’s renewable plants generate energy from sources that contribute to its customers’ sustainable development,” says Maurício Bähr, CEO of ENGIE Brasil.
Carbon credits, by their turn, enable companies to offset emissions from their own operations. The basic premise arises from the Kyoto Protocol, an international treaty that enabled organizations to mutually trade carbon credits. This allows one company to purchase from another the amount of credits needed to fully ort partly offset GHG emissions inherent to its activities. The calculations are simple: one carbon credit is equivalent to one ton of carbon dioxide (CO2) not released into the atmosphere.
ENGIE, for example, offers carbon credits generated by its renewable energy projects registered with the United Nations Organization’s Clean Development Mechanism (CDM). This includes hydro, photovoltaic and biomass power plants and wind farms operating in different regions across Brazil.
“Carbon credits create competitive advantages as they add to companies’ sustainability, particularly as concerns operations that, despite all reduction efforts, still show high emission levels,” explained Gabriel Mann, ENGIE Brasil’s Trading Officer.
I-RECs, by their turn, are certificates that prove that energy comes from a renewable source, which may be wind, hydro, photovoltaic or biomass. One I-REC is equivalent to 1 MWh of renewable electric energy, and may be acquired by companies that wish to offset their emissions, regardless of whether or not they are in the Free Energy Market.
All products offered by ENGIE align with the brand’s purpose of acting to accelerate the transition to a carbon-neutral world through reduced energy consumption and more sustainable solutions, reconciling performance and a positive impact on people and the planet.
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