OFFSETTING UNAVOIDABLE IMPACTS
To reduce the emissions of greenhouse gas into the atmosphere, NetJets is launching a carefully constructed carbon offset program with two central objectives.
The first objective is to make NetJets’ internal operations 100% carbon neutral by offsetting all of the emissions from our internal operations and employee business travel. We employed an expert third party to audit our operations both in the U.S. and Europe to ensure that we carefully account for our carbon footprint and can accurately offset our current emissions.
The second is to provide NetJets Owners the opportunity to offset the emissions from their NetJets flights. Richard Santulli, Chairman and CEO of NetJets Inc., has taken the lead in fully offsetting all of his own NetJets flights. NetJets will make no profit from this effort; we are providing this opportunity as a service to interested Owners.
NetJets is purchasing offsets from two industry-leading vendors: 3Degrees in the U.S. and Eco-Securities in Europe. The projects have been carefully selected, with the involvement of outside environmental experts, to provide authentic and verifiable emissions reductions. The projects also pass tests for "additionality" which means that each project is not common practice, goes beyond “business as usual,” and exceeds regulatory requirements. "Additionality" can also mean the project depended on revenue from offset sales to achieve financial viability. Each project has also been carefully reviewed to be certain that the prices for these offsets represent a good value.
The first objective is to make NetJets’ internal operations 100% carbon neutral by offsetting all of the emissions from our internal operations and employee business travel. We employed an expert third party to audit our operations both in the U.S. and Europe to ensure that we carefully account for our carbon footprint and can accurately offset our current emissions.
The second is to provide NetJets Owners the opportunity to offset the emissions from their NetJets flights. Richard Santulli, Chairman and CEO of NetJets Inc., has taken the lead in fully offsetting all of his own NetJets flights. NetJets will make no profit from this effort; we are providing this opportunity as a service to interested Owners.
NetJets is purchasing offsets from two industry-leading vendors: 3Degrees in the U.S. and Eco-Securities in Europe. The projects have been carefully selected, with the involvement of outside environmental experts, to provide authentic and verifiable emissions reductions. The projects also pass tests for "additionality" which means that each project is not common practice, goes beyond “business as usual,” and exceeds regulatory requirements. "Additionality" can also mean the project depended on revenue from offset sales to achieve financial viability. Each project has also been carefully reviewed to be certain that the prices for these offsets represent a good value.
NetJets U.S projects:
Corinth Coal Mine Methane ProjectNetJets Europe projects:
The Corinth Coal Mine Methane Project consists of the installation and operation of a methane capture system in an abandoned coal mine in rural Illinois. This system collects methane, a greenhouse gas that is 21 times more harmful to the environment than carbon dioxide and that would have otherwise escaped into the atmosphere, and purifies it to pipeline-quality gas.
Te Apiti Wind Farm Project
The Te Apiti Wind Farm consists of 55 turbines, each with a capacity of 1.65 MW – the first machines of this size to be used in New Zealand. Local wind speeds averaging 9.3 meters per second enable the generation of enough electricity to power approximately 45,000 homes.
Wisconsin Dairy Farm Project
This project is comprised of three dairies in Wisconsin (Five Star, Wild Rose, and Norswiss Farms) with over 3,000 cows. Each day 98,300 gallons of manure are fed to anaerobic digesters. The digesters capture and destroy methane that would otherwise be released into the atmosphere and combust it as a biofuel for electricity.
Landfill Gas Project
Taking place in Chile, this project captures methane and uses it to generate electricity, eliminating an average of 95,000 tons of carbon dioxide equivalent gas a year for 10 years beginning in 2008.
Pig Farm Biogas Project
Taking place in the Philippines, this project will create more sustainable waste treatment solutions for animal waste and capture methane emissions to create biogas for electricity generation. The project will also turn the effluent into water that is safe for irrigation.
Wahei Hydroelectric Project
A hydroelectric plant that is being built in China consisting of two 22 MW generators that will use water to contribute over 180,000 Megawatt-hours (MWh) of electricity to China’s central power grid.
*3Degrees supplies renewable energy credits to 10 of the 16 largest green power purchasers in the United States. Based in San Francisco, 3Degrees has market-leading expertise in sourcing verified emission reductions and certified renewable energy certificates that enable customers to reduce their carbon footprint.
**Eco-Securities is the leading originator of carbon credits in the global carbon market. It currently has 374 active projects that have the potential to generate over 163 million carbon credits. Based in Oxford, England, Eco-Securities sold more than 22 million tons of carbon dioxide equivalent in 2006 and has more CDM projects under development than any other company.
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