Carbon credit certification
A carbon credit corresponds to an equivalent quantity of carbon dioxide of carbon (C02) or another greenhouse gas that has been avoided, reduced or sequestered in the atmosphere. These credits are used in greenhouse gas emissions compensation systems, providing businesses, countries and other entities with the ability to offset their own emissions by supporting projects environmental.
Five key criteria for allocating carbon credits?
Additionality
A project must demonstrate that it leads to reductions in greenhouse gas emissions that would not have been achieved without the financing of carbon credits.
Measurability
It is essential that the emissions reductions produced by a project be quantifiable in a precise and reliable manner.
Verifiability
To guarantee their authenticity, it is necessary that the emissions reductions claimed by a project can be verified by independent auditors.
Permanence
Reduced emissions must be sustainable and irreversible, in order to guarantee the maintenance of long-term environmental benefits (around 7 years)
Uniqueness
Each carbon credit must be unique and can only be used once to offset one tonne of CO2 or the equivalent of another greenhouse gas.
Benefits of carbon credit certification
Transparency and credibility
Certification guarantees that carbon credits are authentic and represent real reductions in greenhouse gas emissions. This increases the confidence of investors and stakeholders.
Stimulating decarbonization projects
By providing an additional source of financing, certification incentivizes companies and countries to invest in emissions reduction projects, such as renewable energy and energy efficiency.
Financial incentive
Companies are economically motivated to reduce their emissions to sell their excess carbon credits. This encourages innovation and the adoption of clean technologies.
Permanence
Reduced emissions must be sustainable and irreversible, in order to guarantee the maintenance of long-term environmental benefits (around 7 years)
Contribution to the fight against climate change
By regulating and reducing greenhouse gas emissions, certified carbon credits support global efforts to combat climate change and achieve the goals of the Paris Agreement.
Benefits for businesses
Companies that manage to reduce their emissions can gain in competitiveness and improve their brand image and meet the expectations of consumers and investors in terms of environmental responsibility.
Benefits of collaboration with the SIE
- Technical expertise
- Compliance and Risk mitigation
- Optimization of processes, resources and duration
- Support during audits
The carbon credit certification process
