Building upon a legacy of innovation and leadership in the carbon market, The Climate Trust accelerates the pace of carbon mitigation through conservation ﬁnance. We value air, water and soil through the development, purchase and sale of qualiﬁed oﬀsets and a relentless investment in people and projects with environmental purpose.
How We WorkWhat We Stand For
We are committed to staving off a disastrous rise in global temperatures by accelerating the pace of carbon mitigation through increased deployment of finance. To accelerate the pace of project development, we have found that early-stage funding is critical—offering greater potential for impact and supporting a vital stage of project development.
Climate Trust Capital, an independent firm of The Climate Trust, is launching a first-of-its-kind fund to channel large volumes of financing into early-stage projects that will generate offsets. We are currently deploying funding in our preferred sectors—forestry, grassland conservation, and livestock digesters—and plan to incorporate additional sectors as our investment fund scales.
To date, The Trust has reduced the emissions equivalent of over 689,091 cars driven for one year, helping to protect our natural heritage.
The Climate Trust is proud to play a role in meeting our national climate goals, especially through new and emerging sectors with a strong opportunity for impact.
Sean Penrith, Executive Director, The Climate Trust
In 1997, The Trust was founded as a 501(c)(3) nonprofit organization to assist new fossil-fueled power plants in complying with the Oregon Carbon Dioxide Standard—the nation’s first legislation to curb emissions of carbon dioxide. The Trust was responsible for acquiring carbon offsets, and selecting and managing pollution reduction projects on behalf of these utilities.
As the first and largest institutional buyer of carbon offsets in the early days of the U.S. carbon market, The Trust faced unexplored territory in purchasing offsets. A ready supply of offsets, protocols, and quality standards did not exist. We created processes from scratch, so we could evaluate and compare projects; quantify, verify and register offsets; and sign contracts and fund projects. Our pioneering work has been critical to the development of industry standards in the U.S.
The Oregon Carbon Dioxide Standard was the first U.S. law aimed at reducing levels of carbon dioxide, the most abundant greenhouse gas. This law requires new power plants built in Oregon to reduce or offset 17% of their carbon dioxide emissions in one of three ways:
The Trust remains the only organization qualified to administer the Oregon Standard. To date, all regulated utilities have chosen the third option, giving The Trust funding to mitigate their carbon pollution through projects that avoid, sequester, or displace carbon dioxide on their behalf.
Since its inception, The Trust has committed to purchase over $34 million in carbon ﬁnancing for greenhouse gas emission reduction projects. The cornerstone of our business—delivering on the Oregon Standard—has built a strong legacy of innovation that delivers results for our compliance partners and the environment year after year.
The majority of our projects and programs are locally focused, enabling The Trust to grow strong grassroots support for climate action. In fact, 55% of the money we invest on behalf of utilities stays in Oregon. Additionally, our Oregon-based projects are from diverse sectors, including transportation, renewable energy, forestry, livestock digesters, energy efficiency, and landfill & waste.
Beyond administering the Oregon Standard, The Trust has also been successful at managing carbon acquisitions for multiple special purpose programs in Oregon, Washington, Colorado, Montana, California, and Massachusetts; each providing exceptional benefits to our partners. Through NW Natural’s successful voluntary offset program, Smart Energy, The Trust has committed approximately $4.1 million in carbon finance to ten methane energy utilization projects, anticipated to deliver 492,409 carbon offsets for the program.
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