What Are Carbon Credits?
When you purchase carbon credits you fund projects around the world that pull Greenhouse Gases (GHGs) out of the atmosphere, or keep them out altogether. For every metric ton of GHG that a project mitigates one carbon credit is created. That carbon credit can be purchased by an individual, a business, or even a government to balance or even eliminate their carbon footprint. If you emit 1 ton of GHG and “offset” that by purchasing 1 carbon credit, you have a net carbon footprint of zero. If there were enough carbon credit projects in the world to offset the amount of GHGs produced every year, climate change would be history.
There are several types of carbon credits (sometimes called “allowances”), and various terms are used to define a carbon credit depending on its’ purpose. Voluntary emissions reductions (VERs) are carbon credits created by reducing emissions in a voluntary program through offset projects. Certified emissions reductions (CERs) are allowances created under a mandatory program through offset projects designed under a regulatory framework. European Union Allowances (EUAs) are tradable allowances that are not produced by an offset project, but which are rather given out by the European Union to companies regulated by their “cap-and-trade” emissions reduction program.
Carbon Credits Reduce Carbon Emissions Instantly
All emissions reductions made through offset projects and carbon credits generated from offset projects must be real, additional, verifiable, permanent, and enforceable. Any carbon credit that is generated from a verified and third-party approved offset project will meet these requirements and therefore ensures that emissions reductions have already happened.
The most simple, convenient and established way to reduce your carbon emissions is through retiring, or removing verified carbon credits from circulation. Whether you are a family owned bakery, a large multi-store apparel brand, or an individual; purchasing carbon offsets is the most immediate and most trusted way to shrink your carbon footprint. We offer best-in-industry verified carbon offsets generated from projects registered under internationally recognized standards such as the Gold Standard, Voluntary Carbon Standard (VCS) and the Clean Development Mechanism (CDM). Moreover, we offer emission accounting (carbon footprinting) for your operations at no additional cost.