NEIA celebrates the first carbon credits to be generated, verified, and sold in Newfoundland and Labrador

For Immediate Release
April 2, 2018

NEIA’s Executive Director Kieran Hanley welcomes participants to the celebration.

ST. JOHN’S, NL – On March 21st, 2018 the Newfoundland and Labrador Environmental Industry Association (NEIA) and its network celebrated the first ever generation, verification, and sale of carbon credits in Newfoundland and Labrador.

Sharp Management Inc., through the design and implementation of engineered wetlands to treat sewage wastewater in the towns of Stephenville and Appleton/Glenwood, has acquired certification of 55,071 carbon credits from offsetting emissions of 50,000 tonnes of CO2, on these projects.

“This is a significant milestone in Newfoundland and Labrador,” said Kieran Hanley, NEIA’s Executive Director. “NEIA promotes the development of clean technology and the growth of the green economy in in this province, and what Sharp Management has achieved is a perfect illustration of the kinds of opportunities that exist in our sector.” Hanley said that Sharp is providing an excellent example for the province’s startup and entrepreneur communities, “… showing us that there is much to gain from providing solutions that are effective, efficient, and environmentally sustainable.”

Glenn Sharp from Sharp Management presents representatives from the municipalities with certificates recognizing their ownership of the province’s first-ever carbon credits.

“Making this truly significant,” said Hanley, “is that the municipalities in our province that had the foresight to invest in clean technology are going to be rewarded for their efforts.” Revenues generated from the sale of credits will be split 50/50 with Stephenville, Appleton, and Glenwood who made the investment in the sustainable technology.

The celebration took place at the Alt Hotel in St. John’s, and attracted over 100 interested stakeholders. Premier Dwight Ball was among those in attendance, and spoke to the provincial government’s support for the clean technology sector in Newfoundland and Labrador. As a gesture of support, Premier Ball indicated that the province would be among the first to buy credits.

Newfoundland and Labrador Premier Dwight Ball speaks to the audience.

For a 3-month period, credits will be available exclusively within this province as limited ‘first ever’ carbon credits from Newfoundland and Labrador. “NEIA is very proud to have purchased and now be the owner of the fourth ever carbon credit generated in this province,” said Hanley. The first three credits were given to Stephenville, Appleton, and Glenwood. “Congratulations to Sharp Management, and to our municipalities. This truly is an occasion to celebrate.”

For more information on the carbon credits, Sharp Management can be contacted at glenn@sharpemgmt.ca.

NEIA is a not-for-profit association of businesses that promotes the development of clean technology and the growth of the green economy in Newfoundland and Labrador. NEIA has over 200 members. More information can be found at https://neia.org.

Kieran Hanley, NEIA’s Executive Director, and Alex Templeton, the Chair of NEIA’s Board of Directors, celebrate NEIA’s purchase of Newfoundland and Labrador’s fourth carbon credit.

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Media Contact
Kieran Hanley
kieran@neia.org