Not All Carbon Credits Are Created Equal, Base Carbon 's (NEO:BCBN)(OTCQX:BCBNF)(NEO:BCBN)(OTCQX:BCBNF) Unique Offering Includes Tangible Benefits That Go Beyond Nature-Based Projects

Tesla didn’t become the juggernaut that it is based on its record EV sales1 alone. While sales rose once again in the latest quarter,2 Tesla continues to bring in substantial revenue from regulatory (carbon) credits3—having already seen its carbon credit sales jump by 116% earlier this year.4

Most people don’t realize that selling carbon credits substantially helped the company turn its first profit in 20205—and in 2021, it was reported that Tesla made more money from credits and bitcoin than cars.6

Tesla derives value from these credits through the soaring demand from major corporations seeking to “net zero” their greenhouse gas emissions—many of which to date have made little progress.7

Now, many analysts and researchers are predicting a significant price increase in the voluntary carbon credits market in the very near future.8 9 10

This is why you need to know about Base Carbon Inc. (NEO:BCBN)(OTCQX:BCBNF)(NEO:BCBN)(OTCQX:BCBNF), an upstream commodity capital allocator which is financing and developing emission reduction projects to produce carbon credits for the voluntary markets. 

Base Carbon’s strategy involves working alongside Fortune 500 corporations and international NGOs to mitigate project risk while maintaining optionality and upside exposure to carbon prices.

Base Carbon stands out in the booming voluntary carbon markets as a well-funded, well-led business with tangible projects and projected (2.5 years) short-term capital recovery.

And, in addition, these projects have drawn solid partnerships and lucrative off-take agreements with companies like Citigroup and SIPCO.11

This company is acting FAST and is further ahead of the game than most players in the space. So let’s take a deeper look into Base Carbon and why they’re poised to make a big splash in a Net Zero world.

7 of the TOP Reasons to Add Base Carbon Inc. to Your Watchlist (NEO:BCBN)(OTCQX:BCBNF)(NEO:BCBN)(OTCQX:BCBNF)

  1. High-Demand Voluntary Carbon Credit Markets Needs More Quality Credits: Demand for voluntary carbon credits are expected to grow 5-10x in the next 10 years, 8-20x by 2040, and 10-30x by 2050.12 But shortages are looming, and voluntary credit purchasers want more accountability in issuers—which is where experts such as Base Carbon can succeed.
  2. Robust Pipeline of Carbon Reduction Projects: Two executed projects with tangible assets (cookstoves and water purifiers) that will significantly reduce biomass fuel consumption, eliminate millions of tonnes of carbon dioxide emissions, and potentially transform millions of lives.
  3. Well-Funded with Key Shareholders and Institutional Investors;  Short-Term Capital Recovery: As of June 30, 2022, Base Carbon holds +US$37M in Cash and Cash Equivalents. On top of that, they have completed lucrative offtake agreements that are anticipated to pay back capital spending in less than 3 years.
  1. Strong Partnerships: Beyond its own projects, Base Carbon has a strategic agreement with Abaxx Technologies Inc. and owns 49.9% of Hardwick Climate Business Limited (HCBL), an emission reduction specialist firm. 
  2. Strategic Project Offtake Agreements: Citigroup has agreed to an arrangement to purchase the first 7.4 million carbon credits from the BCBN’s Vietnam cookstove project.
  3. Exceptional Leadership: There are very few teams with carbon industry, financial and technological expertise to compete with Base Carbon Inc. (NEO:BCBN)(OTCQX:BCBNF)(NEO:BCBN)(OTCQX:BCBNF)
  4. Well-Balanced Capital Structure: Management, Directors & Founders (12.4%); Advisors (1.4%); Key Shareholders such as Abaxx Technologies Inc. (15.2%) and others (7.4%); Institutional Shareholders (27.7%); and Minority Shareholders (35.9%).

High-Demand Voluntary Carbon Market in Need of Quality Credits

Upon the conclusion of the COP26 conference in Glasgow, Scotland, 632 of the world’s largest 2000 public companies by revenue announced plans to achieve Net Zero greenhouse gas emissions.13

Even more corporations will likely sign on for these goals in the future as major financial superpowers that manage trillions of dollars, such as the US Federal Reserve14 and mega-funds such as Blackrock and Vanguard15 have signalled the utmost importance of taking climate goals seriously.

To meet these goals, at least two-thirds of companies will need to lean on voluntary carbon credits to get there.16

And because so many corporations will be chasing the same limited supply of high-quality carbon credits, we’re about to witness a true example of what’s known as a “Giffen Good”17—a very rare type of commodity whose demand rises when prices rise and falls when prices fall.

Corporations can’t exactly substitute an “oxygen credit” for a carbon credit when the latter is no longer available.

Many experts are already calling for significant price hikes in carbon to come very soon.

According to a recent Nature journal study,18 US carbon prices should be 3.6x higher than they currently are, with prices closer to $185.19

As demand for Voluntary Carbon Markets (VCM) credits increases, so does the price, further increasing demand… hence, we have a Giffen Good.

But not all carbon credits are created equal, and those that are buying VCM’s are seeking more transparency and tangible social development additionalities  that go beyond nature-based projects

Corporate buyers require additional transparency, standardization and accountability from VCM vendors.20

There have already been calls for restrictions on using older, lower-quality credits,21 including nations putting moratoriums on certain kinds of credits.22

Not to mention the number of scams taking place in the market from dodgy vendors slinging fraudulent credits.23,24

The fact is, in order to meet the demand for carbon credits, project development would need to ramp up at an unprecedented rate. And at present, most of the potential supply of avoided nature loss and nature-based carbon sequestration is within a small number of countries.

And these challenges are expected to cause a huge drop in the world’s estimated supply of carbon credits per year by 2030,25 which is where Base Carbon Inc. (NEO:BCBN)(OTCQX:BCBNF)(NEO:BCBN)(OTCQX:BCBNF) comes in.

Base Carbon has a clear path for scale and growth potential through household devices (cookstoves and water purifiers), afforestation, reforestation and blue carbon projects, as well as leveraging current and anticipated pipelines from proven biodigesters and bio-fuels and introducing new products and verticals such as biochar and capture/sequestration technologies.

The company also has made strategic acquisitions and alliances with AirCarbon, Abaxx Technologies, and HCBL.

Armed with all of this, Base Carbon is in strong first mover in an emerging public sector that only includes one other comparable company:

  • Carbon Streaming Corp. IPO’d on July 27, 202126 after completing a US$104.9 million private placement, and went up +877% from C$1.70 on August 1, 2021 to a high of C$16.62 on December 26, 2021

Robust Pipeline of Carbon Reduction Projects

The main two flagship projects of Base Carbon Inc. (NEO:BCBN)(OTCQX:BCBNF)(NEO:BCBN)(OTCQX:BCBNF) both involve fuel-efficient cookstoves and water purifiers.

As carbon “reduction” projects with strong social economic co-benefits BCBN is improving millions of human lives in their daily cooking and drinking activities.

In Vietnam, BCBN is working to facilitate carbon reduction through the distribution of 850,000 fuel-efficient cookstoves and 364,000 safe-drinking water purifiers.

Over a projected, Verra-certified27 10-year crediting period, Base Carbon’s household devices are anticipated to:

  • Generate approximately 26.6 million carbon credits
  • Significantly reduce CO2 emissions within the household and regional deforestation
  • Reduce consumption of wood by up to 70%
  • Remove 99.99% of bacteria from drinking water

Because 51.4% of Vietnam’s primary household energy is generated from solid fuel combusted within open fires or inefficient cook stoves for cooking or water sanitization, it’s anticipated the project will benefit over 1 million rural Vietnamese households.

Distribution of the devices is already underway, with approximately 285,000 having been distributed as of mid-August 2022, with full distribution expected by mid-2023.

Much like the other project, Base Carbon’s (NEO:BCBN)(OTCQX:BCBNF)(NEO:BCBN)(OTCQX:BCBNF) Rwanda Cookstoves project (in partnership with developers DelAgua Group) is also Verra-registered and designed for drastically reducing fuel consumption.

With distribution already underway, the project is expected to deliver all 250,000 fuel-efficient cookstoves by the end of 2022.

It’s part of a greater Tubeho Neza project, which is the largest of its kind in the world, delivering a total of ~2.3 million cookstoves to rural Rwandan households.

Households in Rwanda rely nearly entirely on biomass for cooking and related purposes resulting in inefficiencies in fuel use and negative health impacts. Through continuous education and support, +99% of the stoves are still in use after two years.28

To date, DelAgua’s impact in the region has resulted in29

  • 640,000 stoves distributed as of H1 2022
  • +3 million lives transformed
  • 9 million tonnes of CO2 avoided
  • 73% reduction in household air pollution when using the stove outdoors
  • 7% reduction in emission exposure among children
  • 46% reduction in diarrhea in children under 5 when consuming boiled water

Well-Funded Company with Short-Term Capital Recovery Projects

Key to the value generation of the Vietnamese household device project is its short-term capital recovery. It’s predicted to have a 2.75 year payback on aggregate capital committed by Base Carbon Inc. (NEO:BCBN)(OTCQX:BCBNF)(NEO:BCBN)(OTCQX:BCBNF) (from the first dollar deployed) irrespective of market-based carbon pricing.

This is accomplished by having the project’s first 7.4 million carbon credits already having been spoken for through a project offtake agreement between Citigroup Global Markets and in-country Base Carbon project partner SIPCO.

From this project alone, the Company is anticipated to deliver a pre-tax 66% Internal Rate of Return (IRR).

With the Rwanda project, the distribution that was initiated in mid-2022 is set to be completed within just six months.

Strong Partnerships and Agreements

Base Carbon Inc. (NEO:BCBN)(OTCQX:BCBNF)(NEO:BCBN)(OTCQX:BCBNF)currently owns 49.9% of Hardwick Climate Business Limited (HCBL).

HCBL has been active in carbon markets since the beginning of the EU Emissions Trading Scheme (EU ETS), mostly in the business of client representation and advisory engagements.

Historically, HCBL has worked with major international corporations, sovereign entities and major financial institutions to identify and diligence large scale carbon reduction projects, drawing from a wide portfolio of investable opportunities around the world.

Going forward, Base Carbon Inc. (NEO:BCBN)(OTCQX:BCBNF)(NEO:BCBN)(OTCQX:BCBNF)HCBL will jointly pursue the financing and development of projects for the voluntary carbon markets.

As well, Base Carbon Inc. (NEO:BCBN)(OTCQX:BCBNF)(NEO:BCBN)(OTCQX:BCBNF) has the exclusive right to use financial software company Abaxx Technologies’ infrastructure and tools within the field of emission reduction, which further creates opportunities for Base Carbon to monetize technology developments.

Poised to become a key player in the VCM,30 Abaxx’s technology connects multiple disparate data sources for attestation and multi-party document management which are critical to addressing the need for transparency and to avoid double counting.

Management and Leadership Team

The team behind the operations of Base Carbon are environmental, finance and technology professionals with decades of operating experience across the carbon upstream and downstream segments of the industry.

Michael Costa

Co-founder, Chief Executive Officer and Director

Costa charts the company’s business model, organizational structure and commercialization plan. His principal expertise is in capital allocation, due diligence, portfolio construction and management. Michael has successfully overseen multiple principal investment platforms as well as sourced, structured and executed numerous public and private debt and equity principal investments. He previously served as an Executive and Head Portfolio Manager at CMP Funds (Dundee Corporation), UBS Canada Principal Investing, and Goldman Sachs Canada Special Situation Group.

Wes Fulford

CFA – Co-Founder and Chief Financial Officer

Fulford guides the company’s capital markets and finance strategy, in addition to fiduciary and regulatory oversight.  As the former CEO of Bitfarms Ltd, Fulford stewarted the growth of one of the world’s largest, 100% renewable energy-based blockchain computing companies.  Prior to this, Fulford spent 15 years in Investment banking and asset management, most recently leading the Financial Technology and Financial Institutions investment banking practice at Desjardins Capital Markets. He has been directly involved in financings, mergers and acquisitions valued over $7.2 billion.

Philip Hardwick

Chief Operating Officer

Hardwick has deep expertise in carbon markets having participated in Environmental Markets’ growth over 20 years of Investment Banking and Financial experience in the field of Energy and Climate Change. Previous roles include Director at J.P. Morgan and Director at Barclays. Hardwick also serves as CEO of HCBL, an advisor to Governments in Europe, Asia and Latin America on matters of Green Finance, Carbon Markets and Environmental Economics.

Andrew Fedak

Co-Founder, Chief Strategy Officer and Director

Fedak is the Chief Strategy Officer and Director. He leads the organization’s technology vision, marketing and communications strategy, in addition to organizational development and business plan. He has successfully launched projects and scaled companies in software, emission capture technology, natural resources and environmental impact. He is a founder and serves as CSO at Abaxx Technologies and was a founder and executive at NoMoVo Emission Capture, Coffee Cherry Co, Fiji Kava Co, Onvia, Avolo, and SunCommerce.

Svenja Telle

Director Of Origination

Telle is Director of Origination at Base Carbon, advancing project opportunities from concept to execution in a cross-vertical approach. She oversees community engagement strategies and co-benefit monitoring in project origination, selection, diligence, financial structuring, and registration. Her focus also includes scaling emerging carbon removal technologies. As a former Director at a Direct Air Capture startup and analyst at PitchBook, she contributed to extensive financial research covering carbon value chains, carbon utilization, and ESG. She further holds a doctoral research fellowship at the Gund Institute for Environment and served as a climate policy advisor at the United Nations HQ where she gained deep insight into carbon markets and regulatory processes.

RECAP: 7 Reasons Base Carbon Inc. (NEO:BCBN)(OTCQX:BCBNF)(NEO:BCBN)(OTCQX:BCBNF) is Market Leader in the Carbon Credit Development Sector:

  1. High-Demand Voluntary Carbon Credits Market Needs More High Quality Credits
  2. Robust Pipeline of Voluntary Carbon Credit Projects
  3. Well-Funded, with Key Shareholders and Institutional Investors in addition to Short-Term Capital Recovery
  4. Strong Partnerships
  5. Strategic Project Offtake Agreements
  6. Exceptional Leadership
  7. Well-Balanced Capital Structure

Smart investors should do their own due diligence in this rapidly-growing market of carbon credits before the masses of the investment community catches on.

Base Carbon Inc. (NEO:BCBN)(OTCQX:BCBNF)(NEO:BCBN)(OTCQX:BCBNF) should be a strong candidate in this sector with the right team leading it, and an impressive portfolio of projects with near-term capital returns on deck.

So, be sure to continue following the Base Carbon story by visiting their website.

 

1 https://electrek.co/2022/10/02/tesla-tsla-delivered-a-record-343000-electric-cars-in-q3/
2 https://www.nytimes.com/2022/10/19/business/telsa-profits-third-quarter-sales.html
3 https://www.forbes.com/sites/qai/2022/09/08/tesla-stock-breakdown-by-the-numbers-how-does-tesla-make-money-in-2022/?sh=71c9c5d32c75
4 https://carboncredits.com/tesla-regulatory-carbon-credit-sales-jumps-116/
5 https://www.cnbc.com/2020/07/23/teslas-sale-of-environmental-credits-help-drive-to-profitability.html
6 https://www.autoweek.com/news/green-cars/a36266393/tesla-made-more-money-selling-credits-and-bitcoin-than-cars/
7 https://www.insurancejournal.com/news/international/2022/10/14/690102.htm
8 https://www.environmentalleader.com/2022/08/carbon-credit-market-to-experience-huge-growth-through-2027/#:~:text=The%20carbon%20credit%20market%20is,was%20valued%20at%20%24211.5%20billion
9 https://www.credit-suisse.com/media/assets/sustainability/treeprint-carbon-markets.pdf
10 https://www.sciencedaily.com/releases/2021/06/210604122439.htm
11 https://www.globenewswire.com/en/news-release/2022/05/27/2452098/0/en/Base-Carbon-and-Citigroup-Reach-Agreement-With-Developer-of-Carbon-Reduction-Project-In-Vietnam.html
12 https://trove-research.com/wp-content/uploads/2021/06/Trove-Research-Carbon-Credit-Demand-Supply-and-Prices-1-June-2021.pdf
13 https://zerotracker.net/#companies-table
14 https://www.federalreserve.gov/newsevents/speech/brainard20210218a.htm
15 https://www.reuters.com/article/us-climate-change-investors/investors-blackrock-vanguard-join-net-zero-effort-idUSKBN2BL0AX
16 https://ccsi.columbia.edu/news/corporate-net-zero-pledges-bad-and-ugly
17 https://www.investopedia.com/terms/g/giffen-good.asp
18 https://www.nature.com/articles/s41586-022-05224-9
19 https://apnews.com/article/science-climate-and-environment-government-politics-4c1e8783694201355f88012079367f27
20 https://www.morganlewis.com/pubs/2022/09/recent-developments-in-voluntary-carbon-markets
21 https://trove-research.com/wp-content/uploads/2021/11/Trove-Research_Scale-of-VCM_29-Oct-2020-2.pdf
22 https://www.spglobal.com/commodityinsights/en/market-insights/blogs/energy-transition/071922-voluntary-carbon-markets-value-retention-host-countries
23 https://news.mongabay.com/2022/06/thats-a-scam-indian-firms-redd-carbon-deal-in-the-drc-raises-concern/
24 https://qz.com/2009746/not-all-carbon-offsets-are-a-scam-but-many-still-are
25 https://www.mckinsey.com/capabilities/sustainability/our-insights/a-blueprint-for-scaling-voluntary-carbon-markets-to-meet-the-climate-challenge
26 https://financialpost.com/pmn/press-releases-pmn/business-wire-news-releases-pmn/carbon-streaming-completes-us104-9-million-private-placement-of-special-warrants
27 https://registry.verra.org/app/projectDetail/VCS/2548
28 Hoang Thanh Ha. (2020). Monitoring Report MP3. [United Nations Report]
29 https://www.delagua.org/project-rwanda/
30 https://seekingalpha.com/article/4469441-abaxx-technologies-stock-base-carbon-aircarbon-abaxx-exchange-carbon-credit-markets

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FORWARD LOOKING INFORMATION

This document contains forward-looking information and forward-looking statements, within the meaning of applicable Canadian securities legislation, (collectively, “forward-looking statements”), which reflect expectations regarding Base Carbon Inc. future growth, future business plans and opportunities, expected activities, and other statements about future events, results or performance. Wherever possible, words such as “predicts”, “projects”, “targets”, “plans”, “expects”, “does not expect”, “budget”, “scheduled”, “estimates”, “forecasts”, “anticipate” or “does not anticipate”, “believe”, “intend” and similar expressions or statements that certain actions, events or results “may”, “could”, “would”, “might” or “will” be taken, occur or be achieved, or the negative or grammatical variation thereof or other variations thereof, or comparable terminology have been used to identify forward-looking statements. These forward-looking statements include, among other things, statements relating to: (a) revenue generating potential with respect to Base Carbon Inc. industry; (b) market opportunity; (c) Base Carbon Inc. business plans and strategies; (d) services that Base Carbon Inc. intends to offer; (e) Base Carbon Inc. milestone projections and targets; (f) Base Carbon Inc. expectations regarding receipt of approval for regulatory applications; (g) Base Carbon Inc. intentions to expand into other jurisdictions including the timeline expectations relating to those expansion plans; and (h) Base Carbon Inc. expectations with regarding its ability to deliver shareholder value. Forward-looking statements are not a guarantee of future performance and are based upon a number of estimates and assumptions of management in light of management’s experience and perception of trends, current conditions and expected developments, as well as other factors that management believes to be relevant and reasonable in the circumstances, as of the date of this document including, without limitation, assumptions about: (a) the ability to raise any necessary additional capital on reasonable terms to execute Base Carbon Inc. business plan; (b) that general business and economic conditions will not change in a material adverse manner; (c) Base Carbon Inc. ability to procure equipment and operating supplies in sufficient quantities and on a timely basis; (d) Base Carbon Inc. ability to enter into contractual arrangements; (e) the accuracy of budgeted costs and expenditures; (f) Base Carbon Inc. ability to attract and retain skilled personnel; (g) political and regulatory stability; (h) the receipt of governmental, regulatory and third-party approvals, licenses and permits on favorable terms; (i) changes in applicable legislation; (j) stability in financial and capital markets; and (k) expectations regarding the level of disruption as a result of COVID-19. Such forward-looking information involves a variety of known and unknown risks, uncertainties and other factors which may cause the actual plans, intentions, activities, results, performance or achievements of Base Carbon Inc. to be materially different from any future plans, intentions, activities, results, performance or achievements expressed or implied by such forward-looking statements. Such risks include, without limitation: (a) Base Carbon Inc. operations could be adversely affected by possible future government legislation, policies and controls or by changes in applicable laws and regulations; (b) public health crises such as the COVID-19 pandemic may adversely impact Base Carbon Inc. business; (c) the volatility of global capital markets; (d) political instability and changes to the regulations governing Base Carbon Inc. business operations (e) Base Carbon Inc. may be unable to implement its growth strategy; and (f) increased competition. Except as required by law, the Website Host undertakes no obligation to update or revise any forward-looking statements, whether as a result of new information, future event or otherwise.

HISTORICAL INFORMATION

Any graphs, tables or other information demonstrating the historical performance or current or historical attributes of Base Carbon Inc. or any other entity contained in this document are intended only to illustrate historical performance or current or historical attributes of Base Carbon Inc. or such entities and are not necessarily indicative of future performance of Base Carbon Inc. or such entities.