
Carbon Credits
We provide broad access to voluntary carbon credits, offering only the highest integrity and relevant ones for both insetting and for action beyond your supply chain. We ensure these credits seamlessly integrate into your strategy and align with your organisation’s mission. We manage your carbon portfolio, ensuring that integrity, quality and options are aligned with your focus. Focus can be technological innovation.
What are carbon credits?
A credit received for funding projects that reduces or removes a defined amount of carbon dioxide from the atmosphere, typically occurring beyond an organisation’s value chain. When these activities occur within the supply chain they are referred to as insets. When they occur outside your supply chain they are called offsets.
What types are there?
There are effectively four types of carbon credits, divided between avoidance credits and removal credits and between technology based versus nature based. The Core Carbon Principles (CCP) by the Integrity Council for the Voluntary Carbon Market defines 3 categories and 10 principles to make you understand if you’re procuring proper credits. Permanence (how long does this project really work, and additionality (would it still have happened without the investment?) are essential foundations of quality.
Although today, there are still many more nature based avoidance solutions being sold, the market and standards are clearly preferring removal credits as strong tools toward decarbonisation. This is not to say that all avoidance credits are void or useless. It is very important to find out quality and perform due diligence. Organisations such as ACR, Gold Standard and Verra are minimal thresholds.
Tech Removal Credits
Technology Baded Removal Credits take out emissions from the atmosphere. Direct Air Capture, Bioenergy with Carbon Capture and Storage are examples of strong signals from science and markets for the future.
Nature Based Removal Credits
Nature based removals use natural sources for removing carbon from the atmosphere. One can think of planting of trees, mangrove or kelp that sequester carbon directly. Biochar projects are seen as the future.
Tech Avoidance Credits
Tech based avoidance credits are projects designed to make sure that emissions are not produced. Here permanence, additionality, vintage (just like with wine) and proof of proper calculations are essential for knowing the project has actual value. One can think of use of cookstoves or renewable energy projects.
Nature Based Avoidance
These are the original carbon projects. They often pertain to conservation of land, or making sure trees are not cut down for other land purposes (or logging). UNFCCC’s REDD+ is a prime example.