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RE: carbon credit sales fund

Posted by Quinn Connolly on December 18, 2023

Hi Rob,

 

We have about $1.4M in Carbon Credit Sales Funds, and (as just one of the potential uses) we would like to know the most impactful energy project this could support in terms of maximum emission reductions.  Could I talk with Sylvia about that, or do you have someone else I should contact?

 

Thanks,

Morgan

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Morgan,

 

We have a stack of project requests that we can look at to see where the best use of the funds could be. Please let me discuss with Tony, and we will reply with our recommendations.

 

Thanks,
Rob

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Hello Morgan,

 

Thanks for your patience. I have worked with the others in UES to develop the attached list of recommended projects. The file is sorted by the mtCO2/$ to show the projects with the most carbon emissions reduction for the money.  We recommend to use the $1.4M to fund the first three projects and partially funding the fourth or the fifth project (the fifth project has higher energy savings and is slightly less on the mtCO2/$). 

 

Thanks for reaching out to us with your inquiry. I hope that you find these projects acceptable. Please do not hesitate to contact me if you have any questions.

 

Best Regards,
Rob

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Hi Rob,

 

Thank you for this list.  Could your team please provide an estimated life in years for these projects?  If we say the Controls Upgrade at the Conference Center will last 30 years, then the footprint reduction cost is $32.44/mtCO2e.  We can assume 30 years for all the projects, but that is just a WAG from my perspective.

 

Thanks,

Morgan

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Morgan,

 

I have attached an amended table to this email with a new column for life expectancy as defined by ASHRAE. Generally, ASHRAE indicates 15-20 years for each of the projects.

 

Thanks,
Rob