NEW ORLEANS — The City of New Orleans, in partnership with Zoetic Global, a leading U.S.-based climate impact company with a portfolio of carbon reduction solutions, today announced a Memorandum of Understanding (MOU) to work together to achieve the city’s net zero carbon goals by increasing sustainability, including significant carbon reduction and water and energy resiliency.
“The City of New Orleans faces extreme risks from the impacts of the climate crisis, and it’s imperative that we act now to lower our own carbon footprint,” said Mayor LaToya Cantrell. “Most of our city’s carbon emissions come from the use of energy in our buildings. This initiative will provide both economic and environmental benefits from more sustainable energy and water resources and will help ensure long-term resilience for our city.”
“Zoetic will work with all relevant stakeholders to bring about meaningful change in climate action planning at a critical time,” said Zoetic Global Executive Chairman Jerome Ringo. “Zoetic’s carbon reduction solutions will support the City of New Orleans in achieving its net zero goals through economically compelling, environmentally significant programs.”
“We are honored that Zoetic can help the City of New Orleans accelerate its sustainability efforts,” said Zoetic Global CEO Avery Hong. “With a comprehensive program that encompasses energy efficiency, energy generation and water treatment, Zoetic aims to have a positive impact on the City’s environmental footprint. Together, Zoetic and the City are paving the way for a greener and more sustainable future, setting an inspiring example for communities worldwide.”
One of Zoetic’s pivotal responsibilities is to deliver an initial energy refrigerant installation to the City of New Orleans. This installation aims to optimize cooling equipment and achieve substantial energy savings and emissions reduction. With Zoetic’s advanced refrigerants, substantial cooling cost reductions are now possible, while also offering the opportunity to earn valuable carbon credits through precise energy savings and emissions reduction data gathered by state-of-the-art HVAC system sensors.
Additionally, Zoetic will assess the City’s water and base-load power needs, leveraging innovative solutions like hydrogen generation technology. Through Zoetic’s Shared Cost Savings program, projects in New Orleans will have access to finance opportunities, eliminating capital expenditure requirements, while sharing in annual realized energy savings. In support of its commitment, Zoetic pledges to allocate 20 percent of carbon credits generated by its groundbreaking technologies towards programs that benefit the city. These programs will address critical aspects such as energy, water and food security, with a focus on the most vulnerable communities in the city.
The City of New Orleans’ role in this transformative engagement involves bringing all parties together to ensure clarity in project directives and ambitions. Through collaboration and valuable insights into neighborhoods experiencing economic disparity, the City aims to maximize the potential of Zoetic’s innovative solutions and carbon credit-funded programs.
Zoetic Global recently announced its full endorsement of the Global Cooling Pledge, which is an important topic of discussion at the United Nations (UN) Climate Summit (COP28) currently underway in Dubai. With the rising threat of global warming leading to excessive air conditioning consumption, the pledge signifies a significant step towards minimizing carbon emissions related to cooling, targeting a reduction of at least 68 percent by 2050.
About Zoetic Global
ZOETIC Global’s mission is to revolutionize the energy sector through innovative solutions that unleash the power of renewable resources. With passion and purpose, we create a sustainable future, empowering communities and driving global progress towards a cleaner, greener planet.
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