Carbon Credits
What are Carbon Credits
Carbon credits represent a measurable reduction or removal of greenhouse gas emissions from the atmosphere, certified and verified by Carbon Standards such as VERRA or The Gold Standard. Each carbon credit corresponds to 1 ton of CO2 equivalent – equivalent means that other green gases are accounted for and converted into a unique metric, one ton of CO2e. Carbon project developers such as Equatoria Clean Cooking can obtain such certification and earn these credits, which can then be traded on the global carbon market.
Avoid, reduce, offset
Corporations can combat climate change by prioritizing a strategic approach: Avoid, Reduce, and Offset.
Avoid
Target significant emissions cuts (75-90%) by transforming business models, which can spur innovation and create new revenue streams.
Reduce
Decarbonize the supply chain, setting ambitious reduction targets aligned with climate science and ensuring transparent tracking and reporting.
Offset
Commit to a “net-zero” emissions target by 2050, offsetting remaining emissions through carbon credit purchases and investments in conservation and sustainable practices. It is crucial to rigorously assess the quality of carbon projects and promptly retire purchased credits to avoid greenwashing.
Role of Carbon finance represents an effective tool to catalyse financial flows from the private sphere. In this case, committed companies can invest in projects to distribute improved cooking stoves as part of their climate strategy, and thus contributes to the collective objective of net zero emissions by 2050, in line with the Paris Agreement.
Practice Areas
Our commitment backed by rigorous certification
At Equatoria Clean Cooking we take pride in our commitment to the Gold Standard for the Global Goals. Our clean cookstove projects undergo a meticulous assessment to meet the highest criteria set by this globally recognized standard. Likewise, we pay meticulous attention to ensure transparency in the monitoring practices as well as the Free, Prior and Informed Consent of end users.
Why the Gold Standard?
The Gold Standard for the Global Goals is a rigorous certification process that goes beyond the baseline requirements for carbon credit projects. It sets the highest standards for both environmental integrity and sustainable development, ensuring that our initiatives not only reduce carbon emissions but also contribute to social and economic benefits in the regions we serve.
Aligning with the UN Sustainable Development Goals (SDGs)
Our projects align with several UN SDGs, ensuring a holistic approach to sustainable development.
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