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Harvesting the Carbon Credits

Carbon credits are obtainable when related standards are followed while reducing the Green House Gasses (GHGs). Basic idea is that; if a new project removes or avoids the release of GHGs from atmoshpere, every year some Voluntary Carbon Credits (VCCs) are issued in favor of project owners.

Projects like solar farms, wind power plants, hydropower plants are the most simplest examples of VCC issuance eligible projects.

 

The concept is not limited to renewable energy sources. Other projects like below tend to add more value both environmentally and financially:

  • Protecting forests from risk of afforestation by natural or human impact.

  • Maintaining biodiversity in forests.

  • Recovering waste heats in the industrial plants.

  • Providing clean water access in developing nations.

  • Supplying cookstoves that uses biomasses where the alternative fuels has potential of deforestation.

  • Reducing emissions by efficient recycling of PET material..

and many more...

Long story short; if a project is serving to UN's Sustainable Development Goals and reducing carbon footprint there is a high chance of VCC issuance.

 

 

 

 

 

Criterias

In order to have VCCs there are certain criterias that projects must bear:

  • GHG Emission Reduction: No matter how much the project serves the UN's SDGs, saves the environment and supports to communities, in order to have the VCCs, the projects must reduce or avoid GHG emissions. This is a must...

  • Additionality: Initiative must do something extra to reduce Green House Gas Emissions to provide something was not there before. For example buying a forest and claiming credits is not allowed by standards. Only if project owners plant the trees in an area that is barren, can claim the credits.

  • Having a Standard: Before starting any project, owners needs to choose a standard, apply to standard and follow their methodologies. Gold Standard and Verra are good examples to take a look at to understand the concept.

  • Having A Proper Project Development Document (PDD): Project owners and developers needs to make sure that the documentation is properly prepared, in order not to lose anytime with revisions.

  • Validation and Verification: After the project development as per the chosen standard a third party audit institution which is recognized by the standard, must control the project itself and documentation in order confirm that chosen standards are followed properly.

A project that followed the chosen standard's methodology can claim the credits from the standard every year of the project's life span.

For the critical points and a swift process of for issuance RESORSUS team is here to support you. Contact us for evalution of eligibility of your potential VCC project.

Reach us for development of Voluntary Carbon Credits (VCC) Projects

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