Goldman Sachs and Blue Source have created a strategic alliance to market U.S. greenhouse gas emission reductions. This alliance combines Goldman’s global leadership in commodities trading and financial risk management with Blue Source’s leading climate change portfolio.
Goldman Sachs off-takes, structures and markets a broad range of verified emissions reductions (VERs) resulting from certain greenhouse gas (GHG) reduction projects in Blue Source’s portfolio, including those associated with methane management from coal mining, wastewater treatment, landfills and animal waste; energy efficiency; carbon capture and sequestration from fertilizer and natural gas production; and industrial gas destruction.
The alliance combines environmental market experience and skills that can provide real climate change solutions for a broad array of US companies. Blue Source has the resources and expertise to capitalize and develop to scale high-quality GHG reduction projects and Goldman Sachs brings those reductions to a market increasingly eager to engage a low carbon economy. We can now offer best in class risk management to North American voluntary and compliance buyers. Companies can now have immediate access to a diverse selection of emission reductions to manage their carbon risk.
Combining the market reach and trading capabilities of Goldman Sachs with the project development skills and supply position of Blue Source is an important step in the of the North American carbon market. This unique alliance is for a necessary step as the US carbon market evolves from voluntary to compliance.
