Understanding the key concepts when measuring the impact of Carbon Credit Projects. Voluntary Carbon Credits must score highly on all of the following:
Additionality
Additionality is a defining concept of carbon-offset projects. To qualify as a genuine carbon offset, the reductions achieved by a project need to be 'additional' to what would have happened if the project had not been carried out (e.g. continued as business-as-usual)
Non-Permanence
Non-permanence is the risk that the carbon avoided or removed by the project will not remain so for the time committed
Over-crediting
Over-crediting is the risk that more credits are issued than tonnes of CO₂e are achieved by a project due to factors such as unrealistic baseline assumptions.
Leakage
Leakage is the risk that a credit’s removed or avoided emissions are simply pushed outside of the project’s boundaries. This can occur through market leakage, activity displacement or ecological leakage.
Political/Policy
The risk that the policy environment undermines the project’s carbon effectiveness.
Net-Hero only sources the highest possible quality of carbon credits available. Transparency is crucial if we are to have a fighting chance at mitigating climate change, this will enable to accelerate and scale up the use of voluntary carbon credits as a critical tool in cooling down the atmosphere.
Each voluntary carbon credit contributes to high quality projects around the world, including afforestation, REDD+ projects, restoration of peatlands and blue carbon mangrove projects. This rating has been developed using a proprietary methodology for assessing the efficacy of certified carbon projects called the BeZero Carbon Rating. Using the most stringent verification standards, the teams of NET-HERO and BeZero Carbon have made it quick, simple, and affordable for organizations to offset their vehicle emissions.