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Carbon offset program #1: Renewable energy Choosing projects under each category will create a diverse and robust offset portfolio with built-in redundancy.

Let’s take a closer look at these 6 carbon offset categories by identifying certified and vetted options for each.

#Buy carbon credits how to#

How to buy carbon offsets: 6 best carbon offsetting programs (with carbon offset examples)Īccording to the Clean Development Mechanism (CDM), carbon offset programs can be grouped into the following broad categories: Renewable energy, energy efficiency, methane abatement, reforestation and conservation, fuel switching, and community projects. When thinking about how to buy carbon offsets, you need to seek out schemes in the carbon market that are verified by one or more of these standards, as such certification enforces the rules of offsetting. These include the Puro Standards, Verified Carbon Standard, Gold Standard, and the Climate Action Reserve. To facilitate this rise, other certification programs have come into effect. Since these standards were developed, the demand for carbon offsets has increased over the years. The first carbon offsetting standards were initiated by the Kyoto Protocol’s Clean Development Mechanism (CDM). Enforcing the rules for carbon offsetting with standardizationīefore investing in a given carbon offset program, you need to ensure the scheme is robust and verified to the highest international standards. These rules work to address the issues of carbon offset schemes highlighted, and are embedded in offsetting certification frameworks, of which there are a few as we’ll discuss below. Rule #5: Local communities and ecosystems must not be negatively affected.Rule #4: A clear strategy to ensure project permanence should be successfully established.Rule #3: Offsets made should be unique to the project in question and not funding schemes that will happen anyway.Forward selling of offset credits should be avoided unless the offsets are certain.

Rule #2: Timing for when the promised offsets are captured should be considered and stated.Rule #1: Best practice states that any offset approach should be linked to reductions in GHG emissions internally.To recap, our 5 carbon offsetting rules are: In our previous Green Business Bureau article, titled Carbon Offsets Vs Carbon Credits: Addressing The Issues (The 5 Rules of Carbon Offsetting), we discuss the rules that ensure offsets deliver the GHG emission reductions promised, and do so ethically. Thinking about this, this Green Business Bureau article details how you should go about purchasing carbon offsets while listing 6 certified and vetted carbon offset options for you to choose from.

When thinking about carbon offsets, organizations must choose certified and vetted options, as certification bodies enforce the rules of carbon offsetting, to maximize the effectiveness of offset schemes. This is why it’s important you know how to buy carbon offsets. This can make things difficult for business leaders like you, looking to reduce their carbon footprint through purchasing offsets.

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As the market grows, the number of offset projects, plus project diversity, has expanded. The voluntary carbon offset market is rocketing, with the Ecosystem Marketplace reporting an annual market value of ~$1 billion in 2021, which was an all-time high.