AEP Emissions Trading and Offsets

• American Electric Power is part of a collaborative GHG mitigation pilot project with the Government of Bolivia, The Nature Conservancy, and the Bolivian Friends of Nature Foundation. The Noel Kempff Mercado Climate Action Project will protect nearly 4 million acres of threatened forest and offset 5 to 7 million tons of carbon over 30 years.
  
  
• AEP is a partner in the Guaraqueçaba Climate Action Project, which seeks to restore and protect nearly 20,000 acres of partially degraded and/or deforested land in the tropical Atlantic rainforest of Brazil. The Project is expected to offset approximately 1 million metric tons of carbon over 40 years.
  
  
• AEP is a member of e7, a consortium of nine of the world’s leading electric companies from G7 countries. e7 promotes sustainable energy projects through a "learn by doing" approach on electricity-related issues in developing countries with host countries, UN agencies, NGOs, and local energy providers. e7 also works to develop human capacity building—an example being its Micro-Solar Distance Learning Program, which focuses on electrification for information and telecommunications needs using photovoltaics. AEP serves as the U.S. delegate to the e7 and has undertaken the project leadership for an e7 effort to install wind turbines on environmentally sensitive San Cristobal Island in the Galapagos. This project may be eligible for certification under the CDM.
  
  
• AEP has led the creation of Global 3E, a charitable organization designed to attract $60 million in private contributions from the philanthropic sector in two years. Global 3E will provide zero interest loans for electricity-related humanitarian projects in developing nations.
  
  
• AEP is a founding and active member of the Chicago Climate Exchange (CCX). Through CCX, AEP has made legally binding commitments to reduce its GHG emissions by four percent below the average of its 1998 to 2001 baseline by 2006.

To view the trading, JI, and CDM activities of all BELC members, visit What's Being Done in the Business Community section of this site.