Niocorp Developments Ltd (NB)

[chico237]

Niocorps Scope 3 Emission Reductions are HUGE!
Niocorps Scope 3 Emission Reductions are called out! As Companies can reduce their Scope 1 and Scope 2 emissions by improving operational efficiency and using renewable energy sources. However, managing and reducing Scope 3 emissions can be difficult depending on the company’s upstream and downstream activities. NIOCORPS SCOPE 3 EMISSIONS REDUCTIONS ARE 5.7 TONS CREDIT for EVERY 1-TON of EMISSIONS!!!
During the latest Niocorp Video (@3 minute mark)

(Lets take a look for CONTEXT!)
Visualizing the 3 Scopes of Greenhouse Gas Emissions
https://www.visualcapitalist.com/sp/visualizing-the-3-scopes-of-greenhouse-gas-emissions/
The Briefing

There are three groups or ‘scopes’ of emissions as defined by the Greenhouse Gas (GHG) Protocol Corporate Standard
A company’s supply chain emissions (included in Scope 3) are on average 5.5 times more than its direct operations (Scope 1 and Scope 2)

The 3 Scopes of GHG Emissions
According to the Greenhouse Gas Protocol, there are three groups or ‘scopes’ that categorize the emissions a company creates. The GHG Protocol Corporate Accounting and Reporting Standard, referred to as the GHG Protocol Corporate Standard, provides the most widely accepted standards for reporting and accounting for emissions and is used by businesses, NGOs and governments.

Scope 1 Emissions

These are direct emissions from sources that are owned or controlled by the company. Consequently, they are often the easiest to identify and then reduce or eliminate. Scope 1 emissions include:
~On-site manufacturing or industrial processes
~Computers, data centers, and its owned facilities
~On-site transportation or company vehicles

Scope 2 Emissions

These are indirect emissions from the generation of purchased or acquired energy that the company consumes. Scope 2 emissions physically occur at the site that produces the energy and the emissions depend on both the company’s level of consumption and the means by which the energy was generated (e.g. fossil fuels vs renewable energy). Scope 2 emissions include:
~Purchased electricity, heating, cooling, and steam

*******Scope 3 Emissions

Scope 3 includes all other indirect emissions that occur throughout a company’s value chain. These occur from sources not owned or controlled by the company and are typically difficult to control and thereby reduce.
Scope 3 emissions often make up the largest portion of a company’s carbon footprint. According to the CDP, a company’s supply chain emissions (included in Scope 3) are on average 5.5 times more than emissions from its direct operations (Scope 1 and 2). These include emissions from:
~Employee commuting or business travel
~Purchased goods and services
~***********USE OF SOLD PRODUCTS************** (Niocorps Critical Minerals End Products Prove out a 5/ton reduction to 1/ton emissions ratio! "Interesting!")
~Transportation and distribution of products

[b]Companies can reduce their Scope 1 and Scope 2 emissions by improving operational efficiency and using renewable energy sources. However, managing and reducing Scope 3 emissions can be difficult depending on the company’s upstream and downstream activities.

For example, controlling the emissions from the extraction of raw materials used in a company’s end-product or from the usage of such product by a customer is not entirely in the company’s hands. BUT THIS IS WHERE CARBON OFFSETS CAN HELP!

Why the Demand for Carbon Credits Is Bright
https://www.visualcapitalist.com/sp/why-the-demand-outlook-for-carbon-credits-is-bright/

More than ever, carbon credits are playing a critical role in tackling climate change.Based on demand projections for carbon credits, the voluntary carbon market could grow up to 25-fold by 2050. Voluntary carbon markets are where carbon credits can be purchased by those that voluntarily want to offset their emissions.

How Do Carbon Credits Work?
A carbon credit represents one metric ton of greenhouse gas (GHG) emissions.

As companies contend with time and technological gaps in reducing their emissions, they purchase carbon credits to help offset their emissions. These purchases are facilitated by brokers who connect corporate buyers with project developers.

Visualizing the Climate Targets of Fortune 500 Companies
https://www.visualcapitalist.com/climate-targets-of-fortune-500-companies/


WHAT ARE CARBON MARKETS?
https://www.visualcapitalist.com/sp/visual-guide-to-carbon-markets/



FORM YOUR OWN OPINIONS & CONCLUSIONS ABOVE!

IMHO: VERY COOL INDEED! (Niocorp's Demonstration Plant operations have sequestered CO2! BUT NOT ENOUGH TO NEGATE THE USE of Chosen Power supply to the site.)
(Would Niocorps value added "Critical Minerals" processed at the Elk Creek Mine/End USE be considered a "CARBON OFFSET"? It appears Niocorp has "PROVEN" a 5/Ton Reduction to 1/Emission Ratio. (I reached out to Jim (who is probably very busy to comment (plus its Sunday!) I will post accordingly on any comment.)
Go TEAM NIOCORP! Waiting with many for material news as it becomes available!

Chico