To put it simply, carbon emissions are the gases released into the air when we use energy sources like fossil fuels. These gases can cause the Earth to get warmer, which is a key driver for climate change.
What is a carbon credit?
A carbon credit is a unit of measurement used when carbon offsetting. It represents the avoidance or removal of one metric ton of greenhouse gases from the atmosphere.
Once a climate project is developed, monitored, verified and certified as a legitimate carbon offset project by a recognised standard such as the Gold Standard or Verified Carbon Standard (VCS), carbon credits can be issued and sold. The price of carbon credits can vary depending on factors such as the project type and market demand. The revenue generated from the sale of carbon credits is used to finance and support these projects. It helps cover the costs of implementing and maintaining them. The funds go towards project development, operational expenses, or community initiatives associated with the project.
The purchase of carbon credits is a financial incentive for the continuation and expansion of these projects, allowing them to make a tangible and measurable impact on the environment.
All CarbonClick credits have been permanently retired and cannot be reused, ensuring a real, positive impact on the climate today.
How does carbon offsetting work?
Carbon offsetting is a form of climate action that is used to compensate or ‘give back’ for emissions that can’t yet be avoided. This is done by making a positive impact on the environment somewhere else, by investing in climate projects that remove carbon from the atmosphere or avoid emissions.
First, the amount of greenhouse gases that are emitted by a business, individual or activity is calculated. The result of this is called a carbon footprint. Once you know your footprint, you can purchase the equivalent amount of carbon credits. These credits represent avoidance or removal of greenhouse gases equal to your footprint.
The money from buying credits goes to projects that help tackle the climate crisis. These projects can be renewable energy initiatives, forest conservation, reforestation and others.
How does CarbonClick select its climate projects?
We put a great level of care into selecting the climate projects we source carbon credits from. In addition to selecting projects that are verified by a recognised registry, such as Gold Standard, CarbonClick applies our 7-Point Impact Check to ensure the project makes a meaningful difference to the planet and people.
In addition to selecting projects that are verified by a recognised registry, such as Gold Standard, CarbonClick reviews 7 criteria to ensure the project makes a real impact.
Additionality: This is the most defining criterion. Simply put, it means the emission reduction can only happen due to the project being implemented in the first place. And without carbon finance, it would not have happened.
Accuracy (over-crediting): The project’s emission removal or avoidance is accurately measured.
Permanence: The projects store or remove carbon for a long period of time.
Perverse incentives: The project or the income from selling the carbon credits issued by the project does not create a perverse incentive that leads to actions that could worsen the climate crisis (such as incentivising land owners to excessively harvest an existing forest if there is potential for its regeneration to qualify for the sale of carbon credits).
Double counting: Ensuring project credits are only issued and counted once.
Positive community impact: The project has additional co-benefits to improve social, economic and environmental outcomes in the local area. With this in mind, the project should align with at least three of the United Nations Sustainable Development Goals (SDGs). Common goals that projects contribute towards are No Poverty, Good Health and Wellbeing, Gender Equality, Clean Water and Sanitation, Climate Action and Affordable and Clean Energy.
Monitoring and evaluation: The project has robust monitoring and verification policies to ensure it continues to meet requirements.
What are carbon registries or recognised standards?
A carbon registry or recognised standard is a system that keeps track of carbon credits and allows for their sale to organisations or individuals seeking to offset their own emissions. The registry ensures that each credit is only counted once and provides a reliable record of emission reductions, promoting integrity and credibility in carbon markets.
How effective is carbon offsetting?
How effective carbon offsetting is, depends on a range of factors. CarbonClick evaluates projects based on key criteria, such as:
Reliance on carbon finance (would the project have happened without carbon finance?)
How long will the positive impact last?
Are there any additional emissions caused outside of the project boundary?
Are carbon emissions being overestimated?
Are incentives given that may lead to action that worsens the effects of climate change) and double counting of credits.
A strong project selection methodology reviews all of these criteria and only invests in projects that stack up. These projects make a very real, measurable impact and benefit the people and planet.
How does carbon offsetting complement reduction?
A strong reduction strategy should be the priority for organisations. The correct process to follow would be to measure, reduce and offset residual emissions. While some reduction can be achieved through operational efficiencies, switching to renewable energy sources, reducing waste or reducing travel, some rely heavily on technological advancements. These advances are in development but will take years and decades to be widely accessible.
We don’t have decades to tackle the climate emergency. Therefore, high-integrity carbon offsetting is an important tool for any sustainability strategy. It offers a way to combat unavoidable emissions now.
I can't see any projects available in my region. Can I select local projects?
We are constantly sourcing projects from all over the world. We can work with you to find local projects, as long as they meet our criteria and undergo our 7-Point Impact Check.
Do I need a credit card to create an account?
You don’t need a credit card to sign up. We’ll only ask you for your credit card details when you decide to upgrade to a paid plan. Some base features will stay available to you for free at all times, such as purchasing offsets.
For enterprise plans, we can arrange payment by invoice.
Does a trial automatically roll over into a paid plan?
Once the trial ends, your account defaults back to the free features unless you choose to upgrade to a paid plan.
What is a B Corp?
A B Corp, also known as a Benefit Corporation, is a type of for-profit company that places equal emphasis on generating social and environmental benefits, alongside its financial goals.
The "B" in B Corp stands for "Benefit”. To become a certified B Corp, a company undergoes a rigorous assessment by the non-profit organisation called B Lab.
This assessment evaluates various aspects of the company's operations, including its governance, workers' rights, environmental practices, community engagement, and transparency. B Corps need to meet specific performance and legal requirements that demonstrate their commitment to social and environmental responsibility.
By becoming a B Corp, a company publicly declares its commitment to using business as a force for good. It shows a dedication to sustainable practices, ethical business conduct, and creating positive impacts beyond mere financial profit. B Corps are part of a global movement that aims to redefine the purpose of business and foster a more inclusive and sustainable economy.