Refrigerant Carbon Credit Program Deemed Successful
NASRC pilot program incentivized food retailers to switch to low-GWP refrigerants
Therm, a North American carbon offset developer, has announced the successful sale and retirement of its issuance of Refrigerant Carbon Credits (RCCs) from the North American Sustainable Refrigeration Council (NASRC) pilot program. Carbon financing allows grocery retailers and other foodservice providers to switch to climate-friendly refrigerants at lower capital costs by selling the credits created by the projects through the voluntary carbon market. These projects’ RCCs sold at a significant premium to the current rate of similar credits. Projects included refrigeration rack replacements to CO2, as well as microdistributed and stand-alone cases.
The credits were issued by the American Carbon Registry, and purchased and retired by longtime voluntary carbon market experts, Climate Impact Partners, on behalf of an established market participant.