Carbon Offsetting

Willingness to act for the planet

Renewable energy consumption, reduction of the greenhouse gas emissions and overall change in behaviors: today every individual, company, association or city has the opportunity to contribute to the fight against climate change.

How?

The Greenhouse Gas Protocol provides in its Scope 1, 2 and 3, several systems to measure the CO2 emissions generated by the activities of the private and public sectors, thus quantifying the necessary effort to reduce and / or offset the emissions in order to fulfill the objectives of environmental sustainability.

Scopes 1 and 3

Scopes 1 and 3 of the Greenhouse Gas Protocol allow organizations to measure CO2 emissions generated by direct activities and ancillary activities (i.e. those not directly under their control). Under those scopes, those emissions can be offset through direct abatement actions or through the purchase of Carbon Offsets (Certificates certifying the reduction of greenhouse gas emissions).

How does it work?

The projects that avoid or remove greenhouse gas emissions from the atmosphere receive Carbon Offsets certificates. Each certificate documents the removal or reduction of one ton of CO2 equivalent (ton CO2e).

The projects that generate these certificates are mostly energy efficiency, energy replacement and capture of greenhouse gases projects.

The criterion that unites them all is additionality: a project is “additional” if the income provided by the sale of the Carbon Offset is essential for its economic feasibility.

The projects must respect a certain quality standards. An external audit, performed by internationally recognized independent third parties, verifies the compliance of the project to these standards. An external audit is also necessary to determine how many emission reduction certificates are to be attributed to a project.

The Carbon Offset Certificates are issued on electronic registers according to different systems, which are mutually exclusive and differ in the environmental standards they apply, the supervisory mechanisms or institutions as well as the degree of formalization.

What are the most recognized standards?

The Clean Development Mechanism (CDM) of the UNFCCC, whose certificates are called UN Certified Emission Reductions (CER).

The Verified emissions reduction (VER) and verified carbon units (VCU), both available in different quality standards (for example: VER Gold Standard).

Scope 2

As of today, the production of electricity and heat accounts for at least one third of world’s greenhouse gas emissions. Scope 2 of the Greenhouse Gas Protocol provides standards for measuring the (indirect) emissions generated by the purchase and consumption of electricity, steam, heat and cooling.

Today, companies can increasingly control Scope 2 emissions through energy supply strategies. In fact, Scope 2 allows to demonstrate a reduction in emissions deriving from energy consumption through the purchase of Energy Attribute Certificates , the conclusion of Power Purchase Agreements (PPAs) and other solutions to certify the renewable origin (and therefore free from greenhouse gas emissions) of the energy consumed.

What can we do together?

We are a specialized and multifaceted consultant to all those companies, organizations and cities that have set, or would like to set, goals of sustainability and reduction of environmental impact, at any stage: from the definition of the target to the procurement strategy.

  1. We support our partners and customers in identifying the best strategy to achieve the stated objectives (sustainability, additionality, corporate social responsibility)
  2. Together, we identify the most appropriate solutions.
  3. We assist in the procurement of the right tool to achieve the set target.
  4. We ensure the control and maintenance of standards.

Deal Verified Emission Reduction Units, Energy Efficiency, Green procurement strategies (PPAs, energy attribute certificates) and many other solutions.

Ideal it’s above all about actively contributing to the reduction of the greenhouse gas emissions.

Dania Piccioli-Cappelli
Head of Swiss Market
+41 44 508 75 95
dania.piccioli@nvalue.ch

Salvatore Coco
Head of Origination
+31 611 35 64 32
salvatore.co

Hristina Minkova
Swiss and Central Markets
+41 44 508 75 89
hristina.minkova@nvalue.ch

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