Carbon Credits (Carbon Offsetting)
Measure, reduce, then offset your carbon emissions
A carbon credit is a just that – a credit, or certificate for greenhouse emissions reduced or removed from the atmosphere. How? Through certified projects going on around the globe. A project may involve reforestation, renewable energy, or biodiversity corridors, for example. Many support communities and all bring employment within a green economy. These emission reduction projects allow others to counteract unavoidable greenhouse gas emissions.
Our planet doesn’t care where greenhouse gas emissions are offset. Just how much.
- Pangolin Associates: transparency and the carbon credit registry
- Offsetting & our recommendations
- Buying carbon credits from us – what to expect
- Organisations behind the VCS and GS VER
- Offsetting is not related to compliance schemes
- Carbon credit projects (a few examples)
Public visibility and the carbon credit registry
We purchase and retire certified carbon credits for our clients. We are one of the few carbon management providers with transparent and highly visible carbon offsetting practices. When our clients offset all or some of their greenhouse gas (GHG) emissions, we identify them as the purchaser on either the Markit Registry or APX VCS Registry. These are publicly available listings.
We believe organisations need to first reduce emissions as much as possible prior to offsetting. This is the ethical, best practice approach to carbon management. It may include implementing energy efficiencies, staff training and staff behavioural change. Likely it also includes meeting ‘green’ supply chain standards, and selecting reputable, carbon neutral products.
Meeting the National Carbon Offset Standard (NCOS)
The Australian Federal Government introduced NCOS on 1st July 2010. NCOS provides a credible mechanism for businesses claiming carbon neutrality for services and / or products. Pangolin Associates’ data collection and GHG Assessment processes align with NCOS requirements. Our carbon credit products are also compliant with the scheme.
Primarily we provide carbon credits created under the Verified Carbon Standard (VCS) and Gold Standard (GS VER). We typically source our credits from projects supporting forest conservation and renewable energy, such as wind, ‘run of river’ hydro schemes, and fuel switching.
One carbon credit represents a reduction in greenhouse gas (GHG), or it supports GHG removal from the atmosphere via sinks. Either way it is relative to a business as usual baseline: 1 carbon credit equates to 1 tonne of CO2-e, or carbon dioxide equivalent. Put another way, a tonne of carbon is either prevented from entering the atmosphere, or sequestered from the atmosphere.
Regardless of the volume or type, we retire all credits on behalf of the purchaser. It is 100% transparent and publicly accessible. Markit Registry and APX VCS Registry entries show serial numbers along with comments linked to the client.
Voluntary Carbon Standard (founded 2005). The VCS consists of founding partners The Climate Group, International Emissions Trading Association (IETA), The World Economic Forum, as well as the World Business Council for Sustainable Development (WBCSD). Leaders in these organisations wanted to establish quality assurance in the voluntary carbon market.
Gold Standard (founded 2003). The WWF established the GS VER, along with other international NGOs. Similarly, these organisations wanted to ensure quality, and genuine emissions reductions in the voluntary market.
Choosing to offset with carbon credits is a voluntary action. While voluntary, they are officially documented on the Markit Registry or the APX VCS Registry. *We ensure that the proof of purchase and retirement of credits are linked to your business.
Our clients choose voluntary environmental action for a number of reasons:
- Good corporate citizenship: Triple bottom line reporting or corporate social responsibility (CSR)
- Supply chain pressure: More and more customers expect green credentials from their suppliers. It is now common to find an entire section of a tender dedicated to environmental responsibility. Voluntary actions, such as purchasing carbon credits provide a competitive edge.
- Complying with the National Carbon Offset Standard: Offsetting emissions that cannot be eliminated is part of the NCOS application process.
- Staff attraction and retention: Quality staff is a challenge for most businesses. Good green policies that engage employees assist in this challenge.
- Financial: Many environmental initiatives result in realised efficiencies. In most cases these translate into cost savings.
Hold a sustainable event. Make it carbon neutral, or go all the way - certify it against NCOS. It might be an easy first step towards a carbon neutral product or operations.
More and more businesses are aligning carbon offsetting choices with their business practices. See a few projects our customers support through Pangolin’s carbon credit services.
The National Carbon Offset Standard (NCOS) is genuine assurance for your clients, stakeholders, and supply chain that yours is a net zero carbon business.