We are piloting and developing our Shift program to reduce CO2
Investments in a sustainable carbon cycle are part of St1’s strategy and value chain. The Shift program contributes to fulfilling our vision to be the leading producer and seller of CO2 -aware energy. In addition to our renewable energy projects, we intend to promote a more sustainable carbon cycle by investing in carbon sequestration.
Our carbon sequestration work starts with a reforestation project because this allows us to utilize nature’s own ability to sequester carbon from the atmosphere. Reforestation is widely recognized as one of the most effective means in climate change mitigation work. Our focus is also on ensuring that the local community receives economical and training benefits from the project.
The carbon dioxide concentration in the atmosphere has increased too much for hundreds of years, as a consequence to industrial and technological progress and pollution. The problem can be solved, with a combination of emission reductions and sequestration of excess carbon removed from the atmosphere. Investing in renewable energy and energy efficiency reduces emissions. But there is more that can be done; investing in carbon capture and utilization and in carbon sinks, such as forests, reduces the carbon dioxide concentration in the atmosphere. All these actions contribute therefore to ensure a sustainable carbon cycle and to mitigate climate change. St1 offers its customers the opportunity to invest in Shift’s projects through carbon credits.
Investments in sustainable carbon cycle are part of St1’s strategy and value chain. The Shift program contributes to fulfilling our vision to be the leading producer and seller of CO2 -aware energy. In addition to our renewable energy projects, we intend to promote a more sustainable carbon cycle by investing in carbon sequestration.
Our carbon sequestration work starts with a reforestation project because this allows us to utilize nature’s own ability to sequester carbon from the atmosphere. Reforestation is widely recognized as one of the most effective means in climate change mitigation work. Our focus is also on ensuring that the local community receives economical and training benefits from the project. The aim is also them to continue taking care of the forest and its ability to sequester carbon in the future.
Watch our Shift story here
Our reforestation project in Kenya aims to mitigate climate change, while also conserving biodiversity. It is a community driven tree- planting project that improves local incomes activities and supports, community development and women’s empowerment. We are at the same time developing our own project which is a large scale afforestation project in a country with good growth conditions. The project aims to sequester over 1 million tons of carbon dioxide by planting trees, while also restoring current forests.
Any company invest in voluntary carbon credits should understand their own emissions throughout their value chain. They should invest in energy efficiency and avoidance of energy consumption where possible, as well as actively seek to reduce emissions. In addition to above we also need to develop adequate technology to capture emissions, both at point source but also directly from the air. Moreover, we need to enhance natural carbon sinks such as forests. For those emissions that cannot be avoided, reduced nor captured, we need to create and implement carbon removal projects. It is vital that we reduce the current carbon debt and counteract the annual rise of CO2 in the atmosphere by avoiding, reduce, capture and remove CO2.
Mattias Ivarsson
Head of Carbon Sequestration St1 Nordic
mattias.ivarsson@st1.com
1. Do you have an St1 online account?
– If yes, you can buy Shift carbon credits in St1´s online portal.
– If no, contact your local St1 sales department.
2. Order and pay for your Shift carbon credits.
3. Check your inbox for a confirmation e-mail with your Shift verification.
