Credits must ensure environmental integrity and represent NBS that respect the rights and livelihoods of Indigenous and local communities while safeguarding biodiversity and.However, achievement of these outcomes is contingent on two overarching principles: It does not seek to address the use of carbon credits once net zero has been reached (e.g., for neutralization of residual emissions, which will be increasingly relevant as we approach 2050).ĭone right, greater use of carbon credits generated by nature-based solutions (NBS) will help deliver the Paris Agreement goals, foster the protection and restoration of natural ecosystems, and secure the rights and livelihoods of Indigenous Peoples and local communities.
It covers the period to 2040, during which time most organizations on an abatement pathway consistent with limiting warming to 1.5 degrees C (2.7 degrees F) will continue to have remaining unabated emissions in their value chains. This guidance will be updated in response to market developments. Organizations could voluntarily adhere to this guidance on top of legal or regulatory requirements (though the design and implementation of market mechanisms in compliance contexts involves additional considerations that are beyond the scope of this guidance). While the primary focus is on the voluntary carbon market, it also represents best practice for how organizations could use NBS credits in compliance market contexts. It is intended for multi-stakeholder processes seeking to shape a high-integrity voluntary carbon market and to provide guidance to organizations (companies and institutions) on the credible use of NBS credits. This Technical Perspective provides guidance on the voluntary use of carbon credits generated by nature-based solutions (“NBS credits”), particularly those credits generated beyond an organization’s value chain (i.e., its scope 1, 2 and 3 inventories). It updates an earlier commentary on corporate financing of nature-based solutions, drawing on a working paper on the same topic.
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Our offsetting guide provides more information on why offsetting is urgently needed, the positive difference it can make, and how to take climate action.This guidance was developed by a WRI working group focused on nature-based solutions and markets and represents the Institute’s latest collective thinking on the voluntary use of NBS carbon credits. You can find a list of reputable carbon consultants on the International Carbon Reduction and Offset Alliance website: Ĭarbon offsetting guide: What you need to know about taking climate action
International carbon consultants and retailers provide advice and can assist you to quantify your carbon footprint and select the right offsets to meet your specific needs. You can search and filter the projects that meet your strategic objectives and reach out to the project developers directly to make a purchase. The Gold Standard Impact Registry lists all the projects certified to Gold Standard.
Proceeds benefit project developers directly, enabling them to maintain and expand their project activity and deliver more climate and sustainable development impact.
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Retirements are made in a public registry in real-time for full traceability, and certificates to document the purchase of carbon credits are generated automatically. The Gold Standard marketplace allows companies to offset their emissions with high-integrity carbon credits in a simple, transparent way. You can purchase carbon credits from projects certified to Gold Standard via our website>. Purchase online via the Gold Standard website Solution home PURCHASING OFFSETS THROUGH THE GOLD STANDARD WEBSITE Process How can I purchase carbon credits?
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