Companies donate half a million carbon credits to World Cup
By Marcelo Teixeira
SAO PAULO, July 10 (Reuters) - Donations of U.N.-backed carbon credits to help reduce the carbon footprint of the World Cup in Brazil have surpassed the half million mark, the local government said on Thursday.
Brazilian companies or local branches of multinationals so far donated 545,500 certified emissions reductions (CERs) in response to a campaign that, in exchange, offered publicity in the tournament's official documents.
Tractebel Energia S.A., controlled by GDF Suez , tops the list of donors with 105,000 CERs, followed by chemical giant Solvay Rhodia with 100,000.
The Brazilian government said the donations so far can offset 38 percent of the greenhouse gas (GHG) emissions from the tournament.
Brazil estimates the World Cup carbon footprint at 1.4 million tonnes of CO2e (carbon dioxide equivalent), mainly related to construction works in and around the stadiums and staff movements.
But that does not include the emissions generated by FIFA, the soccer governing body, and the local organizing committee.
The Brazilian program might have benefited from a very illiquid carbon market. Prices have crashed in the last years under excess supply and weak demand.
CERs are currently worth less than 20 cents of euro, against some 20 euros each six years ago. Continuación...