The Climate Trust is currently reviewing proposals for projects that reduce carbon dioxide emissions. The following is an overview of the 2005 solicitation process.
The Climate Trust is no longer accepting proposals for our 2005 Request for Offset Projects. Thank you to all the applicants who participated in the process. Updates and notices will be posted during the review process.
Updates
Phase I applications are no longer being accepted.
Phase I has completed.
Phase II Winner's Announced - May 15, 2006
Target date for contract signature - September 15, 2006
Overview
Total funding available is $4.3 M for carbon offset projects. The funding that The Climate Trust will apply to this effort was provided by Portland General Electric (PGE) as part of their requirement to offset the emissions from their new power generating facility in Port Westward, Oregon.
The Climate Trust is seeking projects along the following guidelines:
Additional. The carbon dioxide emission reductions should be in addition to those that would likely to occur in the absence of offset project funding
Future. Project must be implemented after the awarding of carbon funding. The Climate Trust is not able to fund existing projects; however expansions of existing projects are eligible.
Quantifiable. The carbon dioxide emissions benefit can be quantified and measured.
The Trust is interested primarily in projects seeking more than $1 M in carbon funding (total project costs can be greater).
Although there is no price ceiling for projects, The Climate Trust expects to fund projects at a carbon price of approximately $5/metric ton carbon dioxide. Cost effectiveness will be one of the primary factors used to evaluate project proposals.
The Climate Trust will be transacting for the ownership of carbon dioxide offsets through offset purchase agreement contracts.
There is a $500 application fee for private companies, and a $250 fee for non-profits and government entities due for each submitted proposal. If projects are selected to enter into the Phase II process, additional fees will apply. Details in the RFP document.
