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Carbon Offsetting

Reforestation and Carbon Offsetting Projects

Read about the stories behind the projects the Paying.Green® community currently supports.

Berlin Geothermal Project – El Salvador

5 MW Solar PV Project Jaisalmer – India

Biogas Project Namakkal – India

Hydropower Project San Clemente – Chile

Okhla MSW Composting Project – India

5 MW Solar PV Project – India

Angkor Bio Cogen Rice Husk Power Project – Cambodia

Nadarivatu Hydropower Project – Fiji

Gangwon Wind Farm Project – Korea

Projects by industry

Paying.Green® facilitates the acquisition of Carbon Credits from various projects that meet our strict criteria as explained below. Each category lists climate change programs and projects that we would consider acquiring credits from.

Biogas Energy

Biomass Energy

Energy Conservation House Holds

Fossil Fuel Switch

Hydro

N2O Abatement

Reforestation and Afforestation

Solar

Wind

Waste Handling and Disposal

No matter where you are in your climate journey, Paying.Green® has a solution for you.

How does Carbon Offsetting work?

Our Carbon Policy

Framework

When considering which carbon offset projects to purchase carbon credits from, a rigorous selection process is implemented. The selection criteria is derived from the United Nations Convention on Climate Change Framework.

Emission Protocols: Must comply with Kyoto protocol CP2 (Doha Amendment) 2013 to 2020 or the Paris Climate Agreement 2021 to 2030.

Accreditation Standard: Must comply with United Nation’s Clean Development Mechanism (CDM) standard – NON Annex one countries issuing Certified Emissions Reductions (CERs).

Verification Standard: Projects comply and validated under the VERRA verified Carbon Standard (VCS) or the Voluntary GOLD Standard (GS VER) methodology.

Co-benefits

Consideration is given to how carbon offset projects deliver co-benefits:

Environmental

Projects with high impact on local air and water quality, soil fertility and nature protection.

Social

Projects enhancing gender equality, education, job creation, health services and security.

Economic

Projects boosting economic growth and energy independence of their surroundings.

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Sustainable Development Goals

Carbon offset projects are to support the United Nations’ Sustainable Development Goals (SDGs) to improve health and education, reduce inequality and drive economic growth all whilst addressing climate change and working to preserve the environment.

Carbon Offsetting Objectives

Needs to be financially additional – funds invested into carbon offsetting is to be more than the status quo. Projects need to demonstrate a level of quantifiable financial investment.

Needs to be environmentally additional – must be additional to the existing environment; that is, carbon offsets cannot be claimed on situations that would have occurred anyway.

Needs to be permanent – permanence is a very important requirement for a carbon offset.

Leakage cannot occur – a project cannot result in an increase of emissions elsewhere

Needs to be validated and verified – must use a methodology that conservatively quantifies its emissions reductions through a scientifically valid approach.

Acquisition Objectives

Only acquire carbon offsets from industry standard, compliant, secure and legitimate registries and carbon exchanges.

Only acquire carbon credits generated through trustworthy carbon offset projects.

Where possible only acquire carbon credits in the wholesale market to avoid resale margins and to maximise the quantity of carbon credits acquired.

Don’t speculate with carbon credits in secondary markets.

Meet ethical considerations.

Cancellation of Carbon Credits

We voluntarily cancel/retire carbon credits immediately following their acquisition. Carbon credits are then converted to carbon offsets to acknowledge the associated reduction in CO₂ emissions. Carbon offsets can never be traded again.

This removes speculation and trading activity and importantly benefits the environment, not the bottom line.

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