There are many types of companies and organizations that sell carbon offsets. Many carbon offset developers list the project co-benefits in terms of how they contribute to the UN Sustainable Development Goals. Co-benefits are often the deciding factor in carbon offset purchases. Examples of co-benefits include jobs created, health benefits, pollution mitigation (other than carbon), supporting gender equality, renewable energy generation, biodiversity, and education. Co-benefits may be social, economic, or environmental. The GHG Management Institute and Stockholm Environment Institute offer a comprehensive Carbon Offset Guide.Ĭo-benefits are positive outcomes from a carbon offset project, beyond the actual greenhouse gas emissions reductions.Duke University’s Carbon Offsets Initiative provides general guidance on offsets, including a Request for Proposals guide.Ecosystem Marketplace publishes yearly reports on the voluntary carbon market.The average offset prices are between roughly $3-$6 per ton. Ecosystem Marketplace publishes yearly reports on the voluntary carbon market, which track information such as average offset prices and total global transactions. Campuses may obtain a lower price per offset for larger volume purchases. The price depends on the type of carbon offset project, the carbon standard under which it was developed, the location of the offset, the co-benefits associated with the project, and the vintage year. For questions related to the regulations and offset project development, contact. Projects must meet provincial regulations in order to have their emission reductions or removals recognized as B.C. For more information related to protocol development and offset regulatory requirements, contact project proponents are encouraged to review provincial offset regulatory requirements as a first step prior to planning projects, considering investment decisions, or seeking potential purchasers. Protocol development is a separate process that is part of provincial offset regulatory requirements it is distinct from government’s purchasing process for carbon offsets. Additional questions related to offset procurement can be directed to offset procurement review will not impact work related to the development of offset protocols. For more information regarding the review of offset procurement, please refer to the Frequently Asked Questions (PDF, 136KB). Please check back here for updates on carbon offset procurement opportunities. Existing offset purchase agreements established under that process, including contracted purchases under those agreements, will not be affected by the procurement review. Thank you to those who applied under that process. The former Request for Offset Units (RFOU) closed on July 19, 2021. The Ministry of Environment and Climate Change Strategy is currently reviewing its approach to purchasing carbon offsets and exploring options for an updated offset procurement process. manages its portfolio of offsets on behalf of all provincial public sector organizations in support of our commitment to carbon neutrality. In addition to reducing emissions, offsetting advances green technologies, supports clean job growth and stimulates the economy.ī.C. B.C.’s carbon offset portfolio has resulted in total emission reductions of approximately 8.1 million tonnes carbon dioxide equivalent (CO 2e) between 20.
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