Origin Climate is the continuation of TerraPass Inc, a pioneer in the origination and sale of carbon offsets to consumers and businesses.
The Origin Climate name was adopted in May 2014 when TerraPass completed the sale of its retail carbon offset business to Just Energy Group, Inc. Just Energy now markets carbon offsets under the TerraPass brand, and the long-time management team of TerraPass now leads Origin Climate.
TerraPass was formed in 2004 as a class project at the Wharton Business School, with the purpose of enabling individuals to take responsibility for their greenhouse gas emissions by purchasing carbon offsets, which in turn would help fund emission reduction projects. The company was incorporated in 2005, with a focus on educating consumers about climate change while providing the means to take individual action.
The company expanded over the following years, with sales to small-to-medium sized businesses, outreach to the private aviation community, and channel sales partnerships with major companies such as American Express, Expedia, Enterprise Rent-a-Car, Ford Motor Company, Hewlett-Packard, Oracle, and Sam's Club.
In 2008, TerraPass expanded into compliance markets for carbon offsets, adding regulated buyers to complement its base of large wholesale buyers in the voluntary offset market.
As TerraPass' corporate clientele grew, the nexus between carbon and energy strategies became increasingly clear. In 2010, the company launched a services practice to help corporations implement cost-effective solutions for direct reductions to "Scope 2" emissions - those deriving from electricity use.
Today, TerraPass' carbon offset origination and wholesale business and renewable energy services practice comprise the ongoing work of Origin Climate.