PRESS ROOM
News Item
Carbon Offset Market Heats Up By 3Degrees
Startup spins off from 3 Phases Energy Services to sell carbon reductions.
GreenTechMedia: October 12, 2007
3Degrees, a San Francisco company that sells carbon offsets, officially launched Wednesday.
The spinoff from renewable-energy firm 3 Phases Energy Services sells offsets it calls "verified emission reductions" to companies that want to reduce their carbon footprints. It also sells renewable-energy certificates and helps manage and market utilities' energy-efficiency programs.
McDougal said plenty of projects are vying for 3Degrees' attention. The company sends company representatives to each project site before agreeing to buy offsets.
"It they don't meet our standards, we don't take them," he said. "We think it's very important that sellers of carbon reductions projects are transparent and only offer projects that meet these high certification standards."
Libby Klitsch, lklitsch@3degreesinc.com