What are they?
A carbon credit (or offset credit) is a unit of measurement that is equivalent to one tonne of CO2. The unit is used to facilitate transactions to reduce the climate impacts of human activities.
Purchasing carbon credits is investing in renewable energy, energy efficiency and reforestation projects and helping to reduce the greenhouse gases (GHGs) in the atmosphere.
It’s important to be smart when purchasing carbon credits. The market is full of credits and pseudo-credits that don’t really help protect the climate. This is why Planetair only offers Gold Standard and Gold Standard transition credits, which meet the highest standards on the carbon market. Gold Standard credits ensure that the investment will lead to a tangible reduction in your climate impacts: purchase one credit and there will be one tonne less of CO2 in the atmosphere.
The Gold Standard certification ensures that the credits are real, measurable, unique, verified by an independent third party, permanent and additional. A public registry retraces the carbon credits by their serial numbers, from their creation to their withdrawal from the market.
The David Suzuki Foundation and the Pembina Institute created a carbon credits guide for consumers and businesses.
Gold Standard Credits
Planetair’s project portfolio contains carbon offset certificates that carry the Gold Standard. Gold Standard carbon credits are the highest quality carbon credits currently available for voluntary offsets, and the projects they fund constitute the premium projects on the market. The method requires that renewable energy and energy efficiency technologies also lead to sustainable development for local communities (such as better living standards, knowledge transfer, job creation and pollution reduction). All Gold Standard projects are rigorously tested for environmental quality by registered third parties.
The Gold Standard Foundation only awards its label after a third-party validation and verification of the project. The Gold Standard is supported by WWF International, Greenpeace, the David Suzuki Foundation, the Pembina Institute and 80 other NGOs.
The Gold Standard includes foreign renewable energy and energy efficiency projects. Forestry projects were recently added.
Gold Standard Forestry
Planetair’s portfolio contains Quebec-based Gold Standard certified forest offsets—the most stringent certification standard on the forest credit market.
The Gold Standard is recognized for its rigour and holistic approach, which takes into account all of the aspects and criteria that are essential to high-quality carbon credits. Researchers specializing in the forest, environment and climate change fields developed the standard. The Gold Standard (CarbonFix transition) certifies the afforestation and reforestation projects and considers sustainable forest management and carbon capture criteria. It also aims to foster benefits for local communities. It requires that over 30% of credits remain in a buffer reserve and that reforestation efforts begin 12 months after harvesting.
Visit the website of the Gold Standard Foundation for more information.