Targray Environmental Commodities

Plastic waste is one of the most significant environmental challenges we face globally. Different plastics have varying decomposition rates ranging from several decades to millennia, posing serious consequences on biodiversity, ecosystems, human health, and wildlife - underscoring the urgent need for a collaborative, multi-faceted approach involving businesses, governments, communities, and individuals. Plastic credits offer a market-based solution, akin to carbon credits, incentivizing reductions in plastic waste through investments in recycling, reduction, or proper disposal initiatives. Presenting a circular economy approach, they play a crucial role in promoting corporate plastic stewardship, which entails both Reduction (addressing upstream activities such as reduction, substitution, and plastic management) and Management (handling downstream collection and recycling). These credits finance projects globally that establish or expand plastic waste collection and recycling infrastructure, extending beyond a company's value chain, such as those certified under Verra's Plastic Standard.  Targray's plastic credits program empowers businesses to combat the plastic waste crisis effectively, facilitating the exchange of credits and supporting initiatives focused on waste reduction. Through our comprehensive approach to compliance management, Targray Environmental Commodities helps businesses navigate the complexities of plastic waste reduction initiatives, optimize sustainability investments, and drive positive environmental outcomes. Contact a member of our team to learn more: https://lnkd.in/ebN_5Jhd

British Columbia’s Output-Based Pricing System (OBPS) was implemented earlier this year to balance the province’s need for GHG reductions with its need to maintain economic competitiveness - but for businesses, it’s not just a compliance requirement, it's a strategic opportunity to optimize operations, reduce carbon costs, and even generate revenue through credit trading. BC OBPS quick facts: • Implemented in April 2024 • Applies to large industrial emitters that emit over 10,000 tons of carbon dioxide equivalent (tCO2e) per year in high-emitting sectors such as mining, oil and gas, and manufacturing. • Facilities under the OBPS are assigned an annual operation-specific emissions limit, which becomes more stringent over time. • If a facility’s emissions are below its limit, it earns credits that can be traded or saved for future use. • If emissions exceed the limit, the facility must purchase credits, offset units, or pay a compliance charge. • Industrial companies within a regulated sector emitting less than 10,000 tCO2e per year may apply to opt-in voluntarily. To fully capitalize on the OBPS, it's crucial to develop a robust strategy early in the year, forecasting emissions and planning your market activities. As we make our way through the year, we help to adjust strategies based on real-time emissions data and market conditions to ensure your company minimizes carbon costs and maximizes the value of any earned credits, while ensuring that your emissions management aligns with both environmental goals and financial performance. 🔗 Learn more and request a consultation by visiting https://lnkd.in/e5wFx66g

Targray Environmental Commodities 🌎 is proud to offer Green-e® Energy certified renewable energy certificates (RECs), designed to help organizations achieve environmental compliance and fulfill their ambitious ESG mandates. Acquiring and budgeting for RECs can create challenges and delays for firms that do not specialize in renewable energy credits. With our integrated environmental products & solutions, companies can minimize the administrative costs and complexities related to REC procurement and streamline their renewable energy efforts to create better business outcomes and a smaller carbon footprint. Targray worked with the Center for Resource Solutions to earn its Green-e Energy® certification – the industry standard for renewable energy verification. The certification ensures that the renewable energy is generated from new facilities, marketed accurately, and delivered to the buyer, who maintains sole title. Learn more: https://lnkd.in/dDt4Y_gU #RECS #Carboncredits #Renewables #Sustainability #GreenE

The FuelEU Maritime Regulation is an EU initiative aimed at reducing greenhouse gas emissions in the maritime sector, applying to all ships over 5,000 gross tonnage that call at EU ports, conduct voyages within the EU, and engage in voyages departing from or arriving in an EU port. The regulation sets progressively stricter GHG intensity reduction targets and mandates zero-emission requirements for ships at berth, requiring passenger ships and containerships to use on-shore power supply (OPS) or alternative zero-emission technologies in ports. Targray Environmental Commodities offers expert guidance to help shipowners navigate complex regulatory requirements while optimizing their environmental performance. Learn more about FuelEU Maritime and the EU-ETS by visiting: https://lnkd.in/ddwSGMGR

We are excited to announce our partnership with emissions management company zero44 on a new trading program designed to enable users to seamlessly acquire EUAs. By linking all relevant data sources within zero44’s EU ETS platform, customers can maintain a comprehensive overview of their fleet’s EU ETS obligations and conveniently procure the EUAs they require through trading partners directly via the zero44 software. “We are pleased to be partnering with zero44 to provide comprehensive decarbonization solutions for the maritime shipping sector. This collaboration aligns with our mission to support sustainable practices and help our clients navigate the complexities of the EU Emissions Trading System.” said Targray Environmental Commodities head trader Jelle Jongbloed. “Combining our expertise with zero44’s technology will allow us to efficiently deliver our innovative compliance solutions, ensuring our clients can effectively reduce their carbon footprint and meet regulatory requirements.” 🔗 https://lnkd.in/eR6vWab8 #MaritimeShipping #EmissionsReduction #EmissionsManagement

Canada’s Output-Based Pricing System (OBPS) is designed to reduce greenhouse gas emissions while minimizing economic impacts and competitiveness issues for key industries. It sets emissions intensity benchmarks for large industrial facilities, requiring them to pay for emissions that exceed these benchmarks while earning credits for emissions below the benchmarks. While the OBPS applies to industrial facilities emitting 50,000 tonnes of CO2 equivalent per year or more, facilities emitting between 10,000 and 50,000 tonnes can voluntarily opt into the system. Facilities emitting less than the benchmark earn surplus credits, which they can sell or bank for future use. Those emitting more than the benchmark must submit compliance units (credits or payments). It's important for facilities to incorporate the OBPS into their strategic planning, considering how they can reduce emissions, optimize the use of credits, and manage potential costs associated with exceeding benchmarks. At Targray, we offer expert guidance and tailored solutions for businesses navigating the complexities of the OBPS by helping participants maximize OBPS credit potential and ensure seamless adherence to regulatory standards. Learn more and request a consultation by visiting https://lnkd.in/e5wFx66g

TOC EUROPE LIMITED Last week Marcel Zdybel and I represented Targray at TOC Europe and it was a fantastic event showcasing current and upcoming technical developments along the port & cargo supply chain. I had the pleasure of meeting with several interesting companies and found it very encouraging to see that most organizations are pushing forth genuine efforts to achieve net-zero emissions. Many new connections were forged, and I look forward to leveraging the connections and insights gained at TOC to drive forward innovative projects and sustainable solutions in the near future.

A Guarantee of Origin (GO) is an electronic document that certifies a specific amount of energy has been produced from renewable energy sources (e.g., wind, solar, hydro, biomass, geothermal). GOs provide transparency in the energy market, allowing consumers and businesses to make informed choices about their energy sources and fostering competition among energy providers to offer more renewable options. The system is standardized across many countries in Europe, and some non-European countries, where regulatory bodies oversee the issuance, transfer, and redemption of GOs to ensure the system’s integrity. Renewable energy producers receive a GO for every megawatt-hour (MWh) of electricity generated. Once a GO is redeemed, it is canceled from the registry to ensure single use, preventing double-counting and promoting trust in the renewable energy market. These certificates can be traded independently of the physical electricity, allowing buyers to offset their consumption with renewable energy. Drawing upon our expertise in European and global environmental markets, we assist our clients in navigating the complexities of GO compliance and leveraging innovative strategies to maximize the benefits of renewable energy adoption. Learn more and schedule a consultation by visiting: https://lnkd.in/egSU9HX7

What a pleasure it was to represent Targray at the networking breakfast at Carbon Forward North America with Women In Carbon last week in Toronto - proud to be a part of this community! Targray Environmental Commodities

The Alberta TIER (Technology Innovation and Emissions Reduction) program is a is a regulatory framework designed to reduce greenhouse gas emissions in the province by setting a carbon pricing framework for large industrial emitters. The program’s primary focus is on industrial facilities that emit 100,000 tonnes or more annually, encompassing sectors ranging from oil and gas to manufacturing and refining. Facilities covered by the TIER program have several options to comply with their emissions benchmarks. Leveraging our expertise in emissions reduction strategies, carbon offset mechanisms, and compliance regulations and reporting, Targray empowers businesses to navigate the TIER program with confidence. Learn more about the program and schedule a consultation by visiting: https://lnkd.in/ew7rDuQN