Westport Announces the First Global Carbon Finance Program for Transportation Registered to the Voluntary Carbon Standard
-Program to Monetize Emission Reductions of Cummins Westport and Westport HD Powered Natural Gas Vehicles-
The Westport Carbon Project (WCP) is in the process of being registered with the internationally acclaimed Voluntary Carbon Market Standard (VCS) and will be the first VCS transport project and one of the largest voluntary carbon market projects worldwide. It is estimated that a natural gas heavy duty truck helps reduce green house gas emissions by 40 tonnes and approximately 20 tonnes per year for natural gas buses compared to an equivalent diesel engine.
Emission reduction calculations are based on an UNFCCC (United Nations Framework for Climate Change Convention) approved methodology. The project documentation is currently being reviewed by SQS, a Swiss entity certified by UNFCCC for the validation of climate change projects in the transport field. Upon successful validation and verification the project will be registered as a VCS climate change project and thus vehicles equipped with the
About Voluntary Carbon Standard (VCS)
The VCS was developed by The Climate Group, the International Emissions Trading Association (IETA), and the World Business Council for Sustainable Development (WBCSD) with input from a range of business, government and non-government organizations. It was established to provide a rigourous, trustworthy, and innovative global standard and validation and verification program for voluntary greenhouse gas offsets. All voluntary carbon units (VCU) are real, measurable, permanent, additional, conservative, independently verified, unique and transparent. For more information see www.v-c-s.org
About Grutter Consulting
Grutter Consulting is a leading advisory firm on carbon finance and transport with activities worldwide. Five out of seven approved UNFCCC methodologies for the transport sector have been developed by the consultancy and around 80% of all carbon finance transport projects in the regulated and voluntary carbon markets have been developed by the company. The consultancy is assisting
About Westport Innovations Inc.
Westport Innovations Inc. is a leading global supplier of proprietary solutions that allow engines to operate on clean-burning fuels such as compressed natural gas (CNG), liquefied natural gas (LNG), hydrogen and biofuels such as landfill gas. The Westport GX engine and LNG system for heavy duty Class 8 trucks offers class-leading emissions and allows trucking fleets to move to lower-cost, domestically available natural gas. Cummins Westport Inc.,
Note: This document contains forward-looking statements about
SOURCE Westport Innovations Inc.