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Terrapass

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Company Research Report: Terrapass



Company Overview



Name and Mission of the Company


Terrapass
Mission: To fight climate change by reducing carbon emissions through education, online tools, carbon offsets, and the use of renewable energy.

Founding Details


Founded in: October 2004
Founders: Dr. Karl Ulrich and 41 students at the University of Pennsylvania

Key People


  • Information on the key people: No information is available


Headquarters


Location: No specific headquarters location provided

Number of Employees


Employees: No information is available

Revenue


Revenue: No information is available

Company's Services


Terrapass is known for helping individuals and businesses offset their carbon footprints through the purchase of carbon credits that fund various carbon reduction projects.

Products



Products Offered


1. Carbon Offset Products
  • Description: Terrapass offers a range of products and subscription plans designed to help individuals and businesses offset their carbon emissions.

  • Key Features:

  • Affordable subscription plans

  • Funding of verified carbon-reduction projects

  • Verified by top independent third-party verifiers


High-Level Description and Key Features


1. Carbon Offset Products
  • Description: Products aimed at offsetting the carbon footprint of daily activities by funding projects like forestry, landfill gas capture, and industrial emissions reduction.

  • Key Features:

  • Accurate carbon footprint calculations

  • Verified carbon offset credits

  • Funding to multiple high-impact sustainability projects


Recent Developments



Environmental Impact


2023 Carbon Emission Reductions:
Terrapass customers in 2023 supported carbon emission reductions totaling approximately 300,000 metric tons, equivalent to planting over 4.5 million trees.

New Projects Launched


1. Gaston County Landfill Gas Destruction Project
  • Type: Landfill Gas Capture / Combustion

  • Location: Dallas, NC

  • Details: Reduces greenhouse gases by capturing and destroying landfill methane. Produces renewable energy to power ~1,600 homes annually.

2. A-Gas V14
  • Type: Industrial Process Emissions

  • Location: Rhome, TX

  • Details: Prevents release of used HFCs by reclaiming and repurposing them. Funded by carbon credit sales.

3. Ghani Solar Renewable Power Project by Greenko Group
  • Type: Energy Industries (Renewable Sources)

  • Location: Andhra Pradesh, India

  • Details: Constructs and operates a 500 MWac solar power facility, displacing 887,800 tCO2e/year.

4. Akinci Hydroelectric Power Plant
  • Type: Energy Industries (Renewable Sources)

  • Location: Tokat, Turkey

  • Details: Supplies renewable electricity to the Turkish grid, reducing 225,831 tonnes CO2e annually.

5. Massachusetts Tri-City Forestry Project
  • Type: Forest Carbon

  • Location: Westfield, Holyoke, and West Springfield, MA, USA

  • Details: Enhances CO2 storage in forests, protecting water resources and providing long-term environmental benefits.

6. Restauración Forestal X-pichil
  • Type: Mexico Forest Project Protocol

  • Location: Quintana Roo, Mexico

  • Details: Increases forest growth to capture CO2. Engages local communities in forest protection and restoration.


New Features Added to Existing Products


No information is available

New Partnerships


No information is available

Additional Information



Why Terrapass?


1. Highest Standards: All carbon offsets are certified by top independent third-party verifiers like Verified Carbon Standard, Gold Standard, American Carbon Registry, or the Climate Action Reserve.
2. Verified Projects: An independent accounting firm reviews all sales and carbon credit retirements annually.
3. Rigorous Assurance: Completes Green-e Climate Certification yearly.

Projects Supported by Terrapass


  • Forest conservation

  • Landfill gas capture

  • Industrial emission reduction

  • Solar renewable power projects

  • Hydroelectric power plants

  • Forestry projects in various global locations


Sustainability Goals


  • Project Details: Each project aligns with multiple Sustainable Development Goals (SDGs) established by the United Nations in 2015.


Note: For more detailed information about each project, validation, and verification reports, refer to Terrapass project documentation.