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5 key criteria for carbon offsetting

In addition to the emissions reduction projects where we are project participants and have helped develop the projects ourselves, we also have the most cooperation with global project developers for specific project requirements. When we choose these partners and these specific projects, the absolute most important requirement is climate benefit. To achieve this, we follow these five criteria:

Additionality

Additionality means that it can be ensured that the emissions reduction project would not have occurred without the financing from carbon offsetting. This is a prerequisite for the money to generate real climate benefits.

Verifiability

The alleged emissions reductions have been quantified and verified by an independent third party.

Traceability

An emissions reduction should be able to be tracked to ensure that it has not already been sold, or can be sold in the future, more times to other customers.

Performance

The emissions reduction that is financed must be long-term, not temporary.

Contribution to sustainable development

In addition to the climate benefit, it is also important that the carbon offsets and the project itself contribute to social and economic sustainable development beyond the emissions reductions. Even if this is not the primary reason for carbon offsetting, it can be a deciding factor in the choice between projects which, from a climate perspective, make equivalent emissions reductions. Criteria for sustainable development can be improving daily life for people in the local community, creating job opportunities, improved health, economic security, improved access to energy, as well as other environmental benefits such as conservation of biodiversity.

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