Hi Jen and Morgan

Susan has asked me to give a short (less than 10 min) presentation at the next CRAWG/RIN meeting on Oct 6 on carbon credits.

Can you please send me the documentation you have recently created on the carbon credit history etc. I will start to put a few slides together and be in touch to discuss them with you.

Thanks

Madhu

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Hi Madhu,

I asked Miriam to start putting this information into a single document. It is not something we have created yet, but we will work on it this week.

Thanks,

Jen

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That is great. The key things I would like

The spreadsheet showing the timeline of the amount of carbon credits sold and value

A bit of history with second nature and ICAP to put on one slide 

A graph with the data on carbon reductions achieved on campus through ICAP 

A slide with key mechanisms through which we have achieved these reductions 

I am thinking  to put max 8 to 10 sides together  with a couple of slides on the 101 of why markets for carbon credits are appealing  and the role for credits and offsets for as opportunities for campus 

 I will start a slide deck with this and share this week. In the meantime if Miriam could put this info together that would be really helpful.  

Can we plan to meet next Monday for half hour to discuss the slides

Thanks

Madhu 

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Some specifics from Madhu (trailing email), and files I think will be helpful. Please focus on the following. Morgan, please weigh in on highlighted items and let me know if I missed anything.  - Jen

The spreadsheet showing the timeline of the amount of carbon credits sold and value – see attached.

A bit of history with second nature and ICAP to put on one slide – see attached

A graph with the data on carbon reductions achieved on campus through ICAP – portal has this, but we haven’t reported GHGs for past two years, so it is incomplete. Morgan – is there a better place to find these data?

A slide with key mechanisms through which we have achieved these reductions  - I think these are solar farms, geothermal projects, retrofitting, and other energy-related; Morgan please weigh in. Also, where can we find these data? 

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Hi Jen, Miriam, and Elizabeth,

I’m reviewing Jen’s email below.  Here are my comments.

1. The latest spreadsheet I have is attached.
   
   1. I updated it to reflect the receipt of the sales from the 1,000 sold in June. 
   2. I also updated the total for the end of FY23 in the portal at https://icap.sustainability.illinois.edu/project/carbon-credit-purchasing-program-c2p2-second-nature.

1. I agree the history in the campus MOU is the best resource for this.  There is more to the story, but it is kinda a convoluted mess that is probably not worth revisiting. (For example, there was an initial second nature MOU, then a revised version, then a new MOU with Second Nature…)

1. If there is time, I suggest Miriam contact Second Nature to confirm the official GHG report options to use in SIMAP. Then she can run the SIMAP reports for the past years and confirm what we have officially submitted per their perspective. 
   
   1. This is NOT in the C2P2 perspective, but in the Carbon Commitment perspective. 
   2. The baseline year is 2008, so we should verify our reporting for FY08 through present.
   3. We collected the previously submitted GHG reports that were done with the excel file “campus carbon calculator”. They are here: https://icap.sustainability.illinois.edu/project/greenhouse-gas-ghg-emission-reports.
   4. SIMAPs info is here: https://unhsimap.org/public/institution/193?show_years=goals_end&op=Change&graph_type=bar.

1. With the Solar Farm 3.0 discussions in 2021, F&S put together the attached summary of emission reduction efforts.  I’ve been meaning to update it, but haven’t had a chance yet.  I think it has enough for the slides Madhu is requesting.  Don’t use the results from this word doc, as they are outdated.  Also, we lost some of the advantages when the pandemic pricing, clean energy jobs act, and war in the Ukraine impacted energy costs.

Let me know if you have other questions.

Thanks,

Morgan

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Hi Morgan,

I hope you had some time to rest today and are feeling better!

Once you are back online, I wanted to follow up with a question on some figures from the Carbon Credits Funding spreadsheet you shared. Madhu would like to include the total revenue from carbon credit sales in her slides. She noted it looks like there may be discrepancies between different tabs in the spreadsheet. Looking at the latest spreadsheet you shared, “Carbon Credits Funding 20230927”, Jen and I noted there is one sale figure that seems to be inconsistent across tabs: the sale of 45,450 CCs to Bluesource @ $4.00/CC. In the attached spreadsheet, I’ve highlighted the relevant numbers in yellow. The first two tabs list the revenue for this sale as $183,981.60, but the third tab lists it as $181,800. I see that $181,800 is a direct calculation is 45,450*$4. I’m not sure where the slightly larger number came from. Do you have any idea, and do you know which figure we should use to calculate total revenue from CC sales?

Thanks,

Miriam