WHAT IS OUR TARGET MARKET
TGD targets recently-closed or soon-to-beclosed landfills to be upgraded using our exclusive rights to ALBS technology and monetizing the carbon credits associated with the carbon offset generated through the significant methane reduction the ALBS makes possible.
The market for TGD’s landfill upgrades and carbon credit monetization is vast and growing. Globally, millions of landfills are either recently closed or nearing closure, many of which emit significant amounts of methane, a greenhouse gas with 28-34 times the global warming potential of carbon dioxide. These emissions create an urgent need for effective mitigation solutions like TGD’s ALBS technology, which significantly reduces methane emissions while enabling the generation of carbon credits.
The carbon credit market, valued at approximately $851 billion in 2022, offers a lucrative opportunity for monetizing these offsets. With increasing global regulations and corporate commitments to net-zero targets, the demand for high-quality carbon credits is surging. By targeting even a fraction of global landfills, TGD can tap into a multi-billion-dollar market, generating substantial revenue through carbon credit sales and potential energy recovery from captured methane. This positions TGD to play a pivotal role in addressing climate change while unlocking significant economic value.
HOW IS THE CARBON COMPLIANCE MARKET SIGNIFICANT?
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Emission Reduction Incentives
It provides economic incentives for companies to reduce their greenhouse gas emissions. By placing a price on carbon, it encourages businesses to invest in cleaner technologies and practices.
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Cost-effectiveness
The market allows for the most cost-effective emission reductions to be made first, as companies can choose whether to reduce emissions internally or purchase carbon credits from other entities that have exceeded their reduction targets.
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Flexibility and Innovation
It provides flexibility for companies to meet their emission reduction targets by allowing them to trade emissions allowances or credits. This flexibility encourages innovation in emissions reduction technologies and practices.
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Global Cooperation
Carbon compliance markets can facilitate international cooperation on climate change mitigation. For instance, mechanisms like the Clean Development Mechanism (CDM) under the Kyoto Protocol allow developed countries to invest in emission reduction projects in developing countries as a way to meet their own reduction targets.
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Transparency and Accountability
Carbon compliance markets require reporting and verification of emissions, which promotes transparency and accountability in emissions management.
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Market Development
The growth of carbon compliance markets also stimulates the development of related financial products and services, such as carbon offset projects, carbon funds, and specialized consulting services.
CARBON CREDIT MARKET
Cap and trade is a market-based mechanism for reducing greenhouse gas (GHG) emissions, which is one of the ways countries around the world are addressing climate change. The idea behind cap and trade is to put a limit, or cap, on the total amount of emissions that a group of regulated entities, such as power plants or factories, can emit over a certain period of time. These entities are then issued a limited number of allowances, each representing one ton of carbon dioxide equivalent (CO2e) emissions. The allowances can be bought and sold, creating a market for GHG emissions. The cap and trade system operates on the principle of supply and demand. As the number of allowances available decreases over time, the price of allowances increases, incentivizing regulated entities to reduce their emissions to save money. Conversely, if a regulated entity has excess allowances, it can sell them to another entity that needs them, creating a financial incentive to reduce emissions
The California Cap and Trade program is one of the most significant cap and trade systems in operation today, covering around 80% of the state's greenhouse gas (GHG) emissions. The program was established in 2012 under the California Global Warming Solutions Act of 2006, also known as AB 32, which set a target of reducing California's GHG emissions to 1990 levels by 2020.
The California cap and trade program operates through a market-based mechanism in which regulated entities, such as power plants and industrial facilities, are issued a limited number of allowances, each representing one metric ton of carbon dioxide equivalent (CO2e) emissions. These allowances can be bought and sold among regulated entities, creating a market for GHG emissions. The total number of allowances available is reduced over time, creating a financial incentive for regulated entities to reduce their emissions.
THE KYOTO PROTOCOL The Kyoto Protocol operationalizes the United Nations Framework Convention on Climate Change by committing industrialized countries and economies in transition to limit and reduce greenhouse gas (GHG) emissions in accordance with agreed individual targets. The Convention asks those countries to adopt policies and measures on mitigation and to report periodically. Establishing flexible market mechanisms based on the trade of emissions permits is an important mechanism of the Kyoto Protocol. While countries must meet their targets primarily through national measures, the Protocol also offers three market-based mechanisms to help them meet those targets
- International Emissions Trading System (ETS)
- Clean Development Mechanism (CDM)
- Joint implementation (JI)
EMISSIONS TRADING SYSTEM (ETS)
Emission trading systems (ETS) or cap-and-trade systems cap GHG emissions to achieve the climate goals of a particular jurisdiction. Carbon allowances equal to the emissions cap are then freely allocated or auctioned to emitting entities, who may trade these allowances between them with a price determined by supply and demand. Allowance trading is a key benefit of ETS as it incentivizes least-cost abatement, as firms with a low abatement cost will abate and sell their allowances to firms with a higher abatement cost. An ETS also often allows firms to “bank” allowances and hold them for use in future compliance years.
