It's crucial to confirm that the reductions produced by carbon offset programmes are indeed happening.

Any GHG reductions must first demonstrate that they meet specific standards for quality carbon offsets before they can be certified for use as carbon offsets. The majority of carbon offset programmes use approved methodologies, also known as protocols, that cover a variety of project types.

Which Standards do Faradai's Carbon Offset Projects Have?

In our Carbon Offset service, 3rd party evaluations are conducted by certain groups including but not limited to CarbonPlan, BeZero, Verra, Gold Standard, Climate Action Reserve, and American Carbon Registry.

The following are the voluntary carbon market verified emission reduction standards that carbon offset projects have in Faradai Sustain:

 

  • The Verified Carbon Standard (VCS) is an international benchmark for voluntarily reducing and removing GHG emissions. The VCS establishes the rules and requirements that must be met by all offset projects in order to be certified. The VCS programme is supervised by Verra (previously known as Verified Carbon Emissions Standard), which is also in charge of updating the VCS regulations.

     

  • The Climate Action Reserve (CAR) is a US-based offset programme that aims to increase transparency in North America's voluntary carbon market. CAR is in charge of a number of independent third-party verification bodies, as well as issuing and tracking carbon credits generated by offset projects in a publicly accessible system (or registry). The VCS has approved CAR's GHG emission reduction programme.

     

  • The Gold Standard is a certification programme that aims to make sure that projects have measurable effects on sustainable development and that carbon credits are verifiable. Any community-based, non-governmental organisation is welcome to participate in the Gold Standard programme. Any project that reduces one of the three GHGs—carbon dioxide, methane, or nitrous oxide—and complies with the UN Millennium Development Goals is qualified for Gold Standard Certificatio

     

  • The American Carbon Registry (ACR) is in charge of the registration and verification of carbon offset projects in both the voluntary carbon market and California's regulated carbon market. ACR is in charge of registering and independently validating offset projects from all over the world that are used in the voluntary market. These projects include reforestation and afforestation, improved forest management, landfill gas destruction and beneficial use, methane recovery in animal manure management systems, carbon capture and storage, renewable energy, and energy efficiency.

 

How is the verification process carried out?

All credits granted under any of the major carbon standards will have passed a comprehensive verification process by an authorized third-party validator. Each project's verification procedures are different, but they all typically involve continuous monitoring and reporting to make sure the offset programmes work as expected.

To ensure that the carbon reductions are not double counted, all projects must be monitored on registries. Carbon offset registries are databases that keep track of information on offset projects, such as credits produced, ownership, sale, and retirement.

There are dozens of GHG registries around the world, and the most of them fall into two categories: emissions tracking registries and carbon credit accounting registries.

  • Emission tracking registries - When credits enter the carbon market, others are able to track them because emissions tracking registries identify emission reductions at the source. There are voluntary registries in the United States that gather GHG data from companies, such as the Climate Registry, the California Climate Action Registry, and the Department of Energy's 1605(b) Voluntary Reporting Program.
  • Carbon credit accounting registries, on the other hand, are intended to "trace the trades," following the ownership of verified offsets as they are bought and traded. For example, all Gold Standard Projects are retired on the IHS Markit registry, which is an independent organisation that enhances transparency in global environmental markets.