After its success in Quebec, Will Solutions continues its growth and is preparing to open a second sustainable community in Ontario.

Following a US $20 million financing, Will Solutions’ Sustainable Community, a proprietary methodology that involves a group of micro-projects, now has the means to achieve its decarbonization ambitions in Ontario.

“I have seen an increase in interest in B2B players’ commitment to net zero carbon, and that is to be welcomed. However, incentives, especially financial incentives, are still lacking,” said Martin Clermont, president of Will Solutions. “We are here to bridge the gap between economic profitability and ecological action. The potential of our Sustainable Communities is immense. It is an inclusive, community-based model that is virtuous for humans and the planet, which does not discriminate the smaller economic players of the society.”

Sustainable communities methodology

The Sustainable Communities methodology involves groups of greenhouse gas (GHG) reduction micro-projects, gathered locally under the same umbrella project. These Sustainable Communities, managed by carbon expert Will Solutions, facilitate access to climate action, notably by measuring GHG emissions, stimulating reductions and financing the ecological actions of its members. By pooling its expertise for its members, Will Solutions makes the carbon markets accessible to all actors in society, whether they are large companies, SMEs, NPOs, or municipalities, in all economic sectors.

The Sustainable Community Ontario (SCO) umbrella project will be similar to the Sustainable Community Quebec (see methodology VM0018). This new project is now in its final drafting phase, and its third-party verification has begun (January 2023). Final registration with the VERRA registry and opening should be formalized by June 2023, based on average processing time. However, registration in the CSO is already open for GHG reduction micro-project proponents.

See also  The Cost of Climate Change: Understanding the economics of climate action and inaction

Will Solutions specializes in measuring, facilitating, stimulating and monetizing GHG reductions at the source of buildings. Three types of micro-projects are currently eligible:

  • Energy conversion, such as converting a building’s heating system from fossil fuels to solar or geothermal energy;
  • Energy efficiency, such as insulating walls and windows, or reusing heat from operations to heat a building;
  • Waste optimization, such as reducing, reusing and reclaiming materials originally destined for landfill.

Will Solutions brings together GHG project owners in a B2B environment. The company qualifies, quantifies, verifies and values its members’ GHG reduction micro-projects, and converts them into carbon credits. The company then covers all costs (except for the initial investment costof the GHG reduction project) from membership to final sale, to minimize the financial risks of its members.

Among the advantages for members are: the financing of a part of their micro-projects (return on investment), the outsourcing of a leading-edge expertise, belonging to a network of eco-responsible economic actors, boosting brand image, the long-term carbon visibility, being part of a circular and sharing economy.

Between 2010 and 2019, the Quebec Sustainable Community (QSC) has reduced more than 6.4 million tons of GHG. The QSC has over 150 GHG reducing members, paid annually, including more than 850 GHG reduction microprojects.

 

LEAVE A REPLY

Please enter your comment!
Please enter your name here