BP Emissions Trading and Offsets

BP operated an internal emissions trading system between 1999 and 2001 that helped reduce operational GHG emissions by 10 percent.

BP’s UK Upstream and Petrochemicals assets are now part of the UK Government’s emissions trading scheme (ETS). BP carried out the first trades in the UK ETS and has also helped customers trade in the market. BP is currently applying the evolving Clean Development Mechanism (CDM) rules and procedures to a BP solar project in Brazil, with the intention of registering the project with the CDM Executive Board. BP is currently piloting CDM projects for a range of technologies.