The province’s first 50,000 carbon credits will soon be on the auction block.
Local environmental firm Sharp Management quantified, verified and acquired certification for the credits through partnerships with the towns of Stephenville and Appleton-Glenwood to design and implement engineered wetlands to treat sewage waste water.
“I agreed to accept all of the upfront costs and share the revenue with the towns if the certification was achieved,” company president Glenn Sharp stated in a news release. “In the beginning, five to seven years ago, it was a big risk, but well worth the investment and the environmental returns.”
A carbon credit is a certificate that allows a company, individual or country to produce and emit one tonne of carbon dioxide or other greenhouse gas.
“These carbon credits represent a significant step towards giving municipalities a green solution to their wastewater needs that is truly self-sustainable.’
Sharp Management is celebrating its achievement Wednesday at 7 p.m. at the Alt Hotel on Water Street in St. John’s. Premier Dwight Ball is expected to be in attendance.