Standards

Project standards must meet some basic criteria to be considered eligible for ClimatePath Ecologic Fund support. These include :

Additionality: In concept, the measure of additionality is simple: Would the project have happened anyway? If the answer to that question is yes, the project is probably not additional. Carbon offsets are only effective if the funding is used for a project that reduces additional emissions equal to what you can’t reduce yourself.

Standards Construction: Offsets must be “real, additional, and permanent.” Many offsets sold are for the reduction in carbon multiple years of changed behavior. There must be assurances that the reduction estimate is accurate, that it will occur for the life of the project credit, and that other assumptions are reasonable.

Verification Methods: Certification should be done at the start of a project (validation) and again when it starts producing the benefit (verification). For forestry projects, for example, the trees have to mature before they absorbed significant amounts of carbon.

Sell Once: Adequate publicly available registration systems and enforcement should ensure that a carbon offset is sold only once.

Additional Social Benefits: Some carbon offset standards also support other sustainability benefits such as community economic development, health, and sustainable livelihoods in rural communities. While not strictly required, we actively seek these out and promote these benefits.

The following standards are currently under review:

The VCS Program provides a robust, new global standard and program for approval of credible voluntary offsets. The VCS has been developed by The Climate Group, the International Emissions Trading Association (IETA), the World Business Council for Sustainable Development (WBCSD) and a range of business, government and non-government organizations.The Climate, Community and Biodiversity Alliance (CCBA) is a partnership between leading companies, NGOs and research institutes seeking to promote integrated solutions to land management around the world. With this goal in mind, the CCBA has developed voluntary standards to help design and identify land management projects that simultaneously minimize climate change, support sustainable development and conserve biodiversity.

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