CARBON CREDIT PROCESS
REPORTING PROCESS ON CARBON EMISSIONS
Defining
Assessing
Reporting
Verifying
CARBON CREDIT PROCESS
1. The Gold Standard
2. Verra (VCS Program)
3. Climate Action Reserve
4. Climate Active (NCOS)
5. Australian Carbon Credit Units (ACCUs)
6. Verified Carbon Standard (VCU)
CLIMATE ACTIVE (NCOS)
Climate Active is an ongoing partnership between the Australian Government and Australian businesses to drive voluntary climate action. The brand represents Australia’s collective effort to measure, reduce, and offset carbon emissions to lessen our negative impact on the environment. The certification is a new iteration of the Australian Government’s carbon neutral certification* that better reflects the role that government, business and community have to play in working together to address climate change. The Climate Active initiative and Climate Active Carbon Neutral Standard supports and guides businesses as they account for and reduce carbon emissions.
The Climate Active stamp helps the community take action by making it easier to identify and choose brands that are making a real difference. It’s about making good decisions today, for a more sustainable tomorrow. Its carbon neutral certification is one of the most rigorous in the world.
CLIMATE ACTION RESERVE
As the premier carbon offset registry for the North American carbon market, the Climate Action Reserve encourages action to reduce greenhouse gas (GHG) emissions by ensuring the environmental integrity and financial benefit of emissions reduction projects.The Reserve establishes high quality standards for carbon offset projects, oversees independent third-party verification bodies, issues carbon credits generated from such projects and tracks the transaction of credits over time in a transparent, publicly-accessible system.
The Reserve offsets program demonstrates that high-quality carbon offsets foster real reductions in GHG pollution, support activities that reduce local air pollution, spur growth in new green technologies and allow emission reduction goals to be met at lower cost.The transparent processes, multi-stakeholder participation and rigorous standards of the Reserve help earn confidence that registered emissions reductions are real, additional, verifiable, enforceable and permanent. The Reserve’s expertise and insight helped inform the development of the State of California’s cap-and-trade program, which adopted four of the Reserve’s protocols for use in its regulation.
VERRA (VCS Program) - Standards for a Sustainable Future
Verra is a global leader helping to tackle the world's more intractable environmental and social challenges by developing and managing standards that help the private sector, countries and civil society achieve ambitious sustainable development and climate action goals.
Verra's global standards and frameworks serve as linchpins for channeling finance towards high-impact activities that tackle some of the most pressing environmental issues of our day.
Verra was founded in 2005 by environmental and business leaders who saw the need for greater quality assurance in voluntary carbon markets. Verra now serve as a secretariat for the various standards that they develop and manage the programs, as well as an incubator of new ideas that can generate meaningful environmental and social value at scale.
THE GOLD STANDARD
Gold Standard was established in 2003 by WWF and other international NGOs to ensure projects that reduced carbon emissions featured the highest levels of environmental integrity and also contributed to sustainable development. With the adoption of the Paris Climate Agreement and the Sustainable Development Goals, Gold Standard launched a best practice standard for climate and sustainable development interventions, Gold Standard for the Global Goals, to maximise impact, creating value for people around the world and the planet we share.
