Innovative programs for targeted climate action – a successful model
First Climate develops and manages multi-year investment programs to fund climate action measures. The funding is typically results-based, through the purchase of certified emission reductions or “carbon credits”. This ensures maximum efficiency in the allocation of risk and the usage of scarce funding.
Climate-friendly fertilizers – Reducing nitrous oxide emissions in agriculture
The use of nitrogen fertilizers in agriculture is associated with high emissions of nitrous oxide. This potent greenhouse gas, also known as N2O, is released as a byproduct of the conversion of nitrogen by soil bacteria.
In Switzerland, First Climate manages a multi-year program aimed at reducing N2O emissions in the agricultural sector. The proceeds from the sale of certified emission reductions are deployed to lower the purchase price of climate-friendly nitrogen fertilizer for farmers.
Find out more about First Climate’s program to reduce N2O emissions in agriculture >>
Landfill gas program in Latin America for the Climate Cent Foundation
Because of the low market price for carbon certificates, CDM projects for the usage and destruction of landfill gas are no longer cost-effective. Projects were therefore discontinued at numerous landfills in Latin America and other regions. As a result, methane, a potent greenhouse gas produced in landfills, is released again into the atmosphere.
The Swiss Climate Cent Foundation has mandated First Climate to implement a program to support discontinued landfill gas projects. Running from 2016 until 2020, the program is targeting small and medium-sized landfills in Latin America. On behalf of the Foundation, First Climate funds eligible projects by purchasing the resulting emission reductions.
More information about the funding program and the Climate Cent Foundation can be found here >>
Swiss landfill gas program for the KliK Foundation
Since 2000, landfilling of waste with organic components – such as household waste and sewage sludge – is prohibited in Switzerland. However, at many landfill sites, methane continues to be released from the decomposition of waste materials already in the landfill. The use of landfill gas for energy purposes or its destruction by means of an ordinary flare is often not possible due to the low methane concentration.
The KliK Foundation funds abatement measures at Swiss landfills through the purchase of certified emission reductions. Two technologies are applied: intensified aeration of the landfill to decrease methane formation, and combustion of methane in special lean gas flares.
First Climate advised the KliK Foundation in the design phase of the program and is now supporting its implementation.
More information about the funding program and the KliK Foundation can be found here >>