CARBON CREDITS
How Carbon Credits Work
- Environmental projects (e.g., reforestation, wind farms, methane capture) reduce or remove GHG emissions.
- For every metric ton of CO₂ reduced, a carbon credit is issued.
- Businesses purchase these credits to balance out their emissions.
- Credits are retired after use to ensure they aren’t reused or double-counted.
Types of Carbon Credits
- Compliance Credits:
- Used to meet government-mandated emission reduction targets under cap-and-trade programs.
- Voluntary Credits:
- Purchased by businesses or individuals who want to offset their carbon footprint beyond legal requirements.
Key Benefits
- Offsets Unavoidable Emissions:
- Allows companies to neutralize emissions that cannot yet be eliminated.
- Supports Global Sustainability:
- Provides funding for projects that reduce greenhouse gases worldwide.
- Enhances Brand Image:
- Positions businesses as environmentally responsible and committed to climate goals.
- Helps Achieve Net Zero:
- Aligns with sustainability targets and global initiatives like the Paris Agreement.
Why Carbon Credits Matter
- Address climate change by creating an economic incentive to reduce emissions.
- Foster innovation in renewable energy and carbon reduction technologies.
- Ensure accountability and transparency in corporate sustainability efforts.
Niitros’ Role in Carbon Credits
- Expert Guidance: Helps businesses navigate standards like VCS (Verified Carbon Standard) and Gold Standard.
- Global Access: Connects clients with premium, verified carbon projects worldwide.
- Tailored Solutions: Aligns credit purchases with corporate sustainability goals.
- End-to-End Support: Manages the process from project selection to credit retirement.
