Unidentified contract a8024692-ed07-479c-8dde-e8323f03c09f

0x06a66bf49bd0d810ce8d959b49dfe7044e44a8d1

Calculation of mitigations of GHG emissions due to the operation of a biofuel plant owned by Iniciativas Bioenergéticas S.L. The GHG emissions mitigations consecuent of the biofuel consumption and, therefore substitution of the fossil fuel use, are greater than the ones that would occur if the said plant would not be in operation (baseline scenario).

Substitution of fossil fuels for the use of sustainable biofuels manufactured by Iniciativas Bioenergeticas

ACM0017

Energy industries play a significant role in climate change due to their contribution to greenhouse gas emissions. The burning of fossil fuels, such as coal, oil, and natural gas, for energy production is a major source of carbon dioxide (CO2) emissions, which is the primary greenhouse gas responsible for global warming.

Fossil fuel combustion: The combustion of fossil fuels for electricity generation, heating, and transportation releases large amounts of CO2 into the atmosphere. This contributes to the enhanced greenhouse effect, trapping heat and leading to global warming.

Power generation: Power plants, particularly those fueled by coal, are significant emitters of CO2 and other greenhouse gases. Transitioning to cleaner energy sources like renewable energy (solar, wind, hydro, geothermal) and low-carbon alternatives (natural gas with carbon capture and storage) can significantly reduce emissions.

Energy efficiency: Energy efficiency measures, such as improved insulation, efficient appliances, and advanced technologies, reduce the energy demand of industries and households. By minimizing energy waste, energy efficiency can lower greenhouse gas emissions associated with energy production.

Renewable energy: Shifting to renewable energy sources is crucial for combating climate change. Renewable energy technologies produce little to no greenhouse gas emissions during operation. Increased deployment of renewables can replace fossil fuel-based electricity generation and reduce emissions.

Transitioning to a low-carbon economy: The energy sector plays a vital role in transitioning to a low-carbon economy. This involves diversifying the energy mix, improving energy efficiency, supporting renewable energy deployment, and investing in research and development for clean energy technologies.

Energy access: Expanding access to clean and sustainable energy sources in developing regions helps reduce reliance on fossil fuels, improves living conditions, and mitigates emissions by avoiding the use of traditional polluting energy sources like biomass and kerosene.

Addressing climate change requires a comprehensive approach that encompasses energy policies, regulations, innovation, and international cooperation. By transforming the energy sector to reduce greenhouse gas emissions, we can mitigate the impacts of climate change and work towards a more sustainable future.

Energy Industries

VAXA Impact creates impactful global emission reductions by meeting the increasing demand for beef with carbon-neutral equivalence Icelandic Ultra Spirulina. These unique algae are unique in their nutritional composition of essential amino acids, fatty acids, vitamins, and minerals, making it a first-of-its-kind natural plant-based source of the nutritional composition of beef. As a key ingredient in essential food fortification in developing economies, this spirulina closes the gap of essential nutrients in plant-based diets. VAXA’s breakthrough technology leverages the Icelandic clean energy ecosystem in a science-backed validated methodology to save > 100M tCO2eq in the next 15 years. This emission reduction initiative offers a sustainable and nutritionally equivalent alternative to traditional beef for a global impact beyond carbon offsets.

VAXA supports communities in developing countries by leveraging local partnerships to diligently work towards bridging the gap in nutrition deficiencies that moves beyond giving people access to the basic human right of food security. Icelandic Ultra Spirulina is integrated into traditional local foods to fortify their nutritional quality and address malnutrition. Addition of spirulina will not alter the original organoleptic characteristics. Income from the carbon credits will be used to partner with reputable NGOs and other stakeholders to implement nutrition programs in Africa, Asia, and South America with the pilot programs already planned for South Africa and Tanzania. VAXA spirulina farming replaces production of high quality proteins from carbon intensive cattle farming with carbon negative processes.

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