International’s Trevor Solomon has that their Intersleek carbon credits were to be traded on the market for the first time in the next couple of days at Fathom’s Ship Efficiency conference held on September 8th 2015.
This major milestone means that all of the requirements have been met to prove that emission savings have been achieved using our Intersleek technology sufficient for issuing carbon credits in accordance with United Nations Framework Convention on Climate Change protocols.
Solomon described to delegates of the conference how the carbon credit programme has completed the final stages prior to issuance of the first Intersleek Gold Standard Carbon Credits. International anticipates that over 130,000 Intersleek Gold Standard Carbon Credits will be issued during October 2015.
The peer reviewed carbon credit methodology, developed in conjunction with The Gold Standard Foundation and the FReMCo Group, is the first of its kind and allows ships to generate carbon credits, thus income, for the CO2 emission reductions they achieve. It is based on ship owners converting existing vessels from a biocidal antifouling system to a premium, biocide-free advanced hull coating such as Intersleek.
Marion Verles, CEO at The Gold Standard Foundation, said: “The forthcoming issue of the first round of carbon credits is a significant milestone for the marine industry, as well as for Gold Standard as we make an impact in sectors where emissions reductions matter most. In a traditionally conservative industry with tight margins, ship owners and operators need sound conviction of the credibility of new financial mechanisms before investing. The issue of the first carbon credits will demonstrate the environmental and economic benefits of this scheme and hopefully accelerate uptake, thus supporting widespread adoption of more sustainable and eco efficient practices in the industry.”
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