How Danish energy company Ørsted is owning NbS with Peter Kristensen

In today's conversation, I chat with Peter Kristensen, Director, Head of Biomass Sustainability at the Danish energy company, Ørsted. Peter describes Ørsted's transition plan and how they are using nature-based solutions to abate their remaining emissions (only 2%!) after executing their ambitious Science-based targets emission reduction plan. In this conversation, we discuss why Ørsted has targeted the global south for their NbS project development, why they do everything in-house and explains some of the great projects they are supporting. Lots of boots on the ground lessons from this chat!Host: Shauna Matkovich - The ForestLinkProducer: Magdalena LaasQuotes19:05"One thing is sure: if you don't have local partners who are really committed, have the knowledge, and so on, then it is a no-go." 27:29"I would encourage people to ensure the financing that they need before they start knocking on doors. Otherwise, we'll jeopardise this whole carbon market project; I don't think anyone will benefit."Important LinksPeter Kristensen LinkedIn: https://www.linkedin.com/in/peter-k-kristensen-gcb-d-106a32/Ørsted: https://orsted.com/Favourite trees: Oak and Scots PineDetails00:58Intro to Ørsted02:55Ørsted's nature-based solutions - science-based targets (reduce emissions) & carbon projects04:24Why Global South05:32Projects09:51Design and execution standards11:22Internal and external contributors13:01Local community participation, agreement, and remuneration15:04Using, selling. retiring carbon credits16:33Run daily business and operations (system evaluation)18:01Learning curve with each project19:57Evaluate a local partner21:00Government support/legislation21:47Exit strategy24:00Extra benefits - education24:40Next steps (target of 2%)26:26Must ensure financing - actionable advice29.27Contact detailsSound LibraryNature by MaxKoMusic/SoundcloudSopwell Woodlands and Scohaboy Bog SAC, Cloughjordan, Co Tipperary, IRELAND by wild_rumpus/SoundcloudSign up now for the ForestLink’s newsletter, where you’ll receive technical advice, reflections, and best-practice guidance to support you with your forest-linked investment strategy or business straight to your inbox. Hosted on Acast. See acast.com/privacy for more information.