May 30, 2023
As governments, companies, and individuals seek to reduce their carbon footprint and combat climate change, the concept of Net Zero has come into focus.
Net Zero refers to achieving a balance between the amount of greenhouse gas emissions (GHGs) produced and the amount removed from the atmosphere. This can be reached by reducing emissions through various means, such as:
An important additional option to accelerate progress toward carbon reduction targets is the use of carbon credits.
The connection between Net Zero and carbon offsetting might not be clear immediately, so covering the fundamentals may be beneficial:
These projects can include activities such as reforestation, energy efficiency, and renewable energy projects. Carbon credits are measured in metric tons of CO2 equivalent (CO2e), which is a unit that accounts for the global warming potential of different GHGs.
As shown in the figure above, most organizations can decarbonize their operations only over long timeframes. This implies that reaching Net Zero is not possible without offsetting some emissions through the purchase of carbon credits. They are an immediate solution to drive positive climate impact and pave the way for future decarbonization efforts.
Carbon credits can also offer several key benefits to organizations that use them:
Organizations that do make use of carbon credits have recently been found to be reducing their own emissions faster than organizations that do not purchase carbon credits as well.
However, carbon credits cannot come into existence solely due to the work of carbon projects. They need to be verified by established carbon credit standards bodies to ensure you can maximize the impact of the carbon credits you purchase.
In order for your organization to reach Net Zero, you should rely on carbon credits that meet certain integrity standards and are audited by accredited verification and validation bodies. Because of the many different types of carbon credit—each with their own criteria for what constitutes a high-quality credit—qualified auditors are necessary to ensure your organization reaches its emissions targets in a verifiable, trusted manner.
Standards bodies operating in the traditional Voluntary Carbon Market include:
These organizations not only validate the carbon credit projects you need to reach Net Zero but also ensure the credits meet specific criteria, such as demonstrating additionality. Many carbon credits also offer additional co-benefits that are in line with the United Nations Sustainable Development Goals, such as reducing poverty and improving local biodiversity.
With clear information, transparent pricing, and the full traceability that blockchain technology enables, Carbonmark is a nexus for delivering climate finance to impactful projects contributing toward the Net Zero future.
Carbon credit listings on Carbonmark include information about the project’s
After formulating a strategy for your organization to reduce its emissions, the rich information available for each carbon credit on Carbonmark ensures you will be able to find the right carbon credits for your organization. Additionally, Carbonmark is continually working to augment the data provided by carbon registries with additional information via remote sensing solutions, such as satellite monitoring of biomass within nature-based project areas.
To get started on your path to Net Zero, we recommend reading our step-by-step instructions on using our marketplace for your net offset purchase in our guide on how to buy carbon credits.
You may also contact us here if you have specific questions on helping your organization reach its ESG goals.
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