Key The to Unbiased Carbon Credit Scoring
Apr 15, 2024
Investing in carbon credits can be a powerful way for companies to speed up their transition to a more sustainable way of doing business.
But how can you be sure you're supporting high-quality projects that truly make a difference? We've developed the Carbon Cockpit to make successful offsetting accessible to everyone.
Our free platform provides clear, trustworthy assessments of carbon credit projects. Here’s a teaser explaining how our scores are calculated.
Key Dimensions of Our Scoring Framework
1. Environmental Impact:
Carbon Reduction Potential: Measures the CO2 emissions the project can reduce or remove.
Additionality: Ensures the project wouldn't happen without carbon credit funding.
Permanence: Evaluates the likelihood that carbon savings will be lasting.
Leakage: Assesses the risk of increased emissions elsewhere due to the project.
2. Social Impact:
Community Benefits: Looks at how the project benefits local communities, like creating jobs and improving health.
Stakeholder Engagement: Examines the involvement and consultation with local stakeholders.
3. Economic Impact:
Cost-Effectiveness: Evaluates the cost per ton of CO2 reduced or removed.
Market Demand: Considers the demand for the project's carbon credits in the market.
4. Project Viability:
Feasibility: Assesses the technical and logistical feasibility of the project.
Monitoring and Reporting: Ensures robust systems are in place for monitoring and verifying outcomes.
Regulatory Compliance: Checks that the project complies with all relevant laws and regulations.
Why Our Scoring Framework Matters
1. Holistic Assessment:
We look at environmental, social, economic, and viability factors to capture all aspects of a project’s impact.
2. Quality Assurance:
Our rigorous criteria ensure that endorsed projects are high-quality and genuinely reduce carbon.
3. Transparency and Trust:
Our transparent scoring system builds trust and confidence in our recommendations.
4. Alignment with Business Goals:
Our framework helps align carbon offset investments with broader sustainability and business objectives.
5. Encouragement of Best Practices:
We set high standards to encourage carbon credit project developers to adopt best practices.
Conclusion
The Carbon Cockpit Scoring Framework is the most open and comprehensive guide to investing in carbon credits with confidence. It provides clear, detailed, and trustworthy assessments, ensuring that your investments lead to meaningful and lasting climate benefits.
At Atem, we’re here to help you navigate the complex landscape of carbon offsetting and make decisions that are impactful and aligned with your business goals: Our free platform provides detailed insights and scores for over 7,000 carbon credit projects, empowering everyone to make informed decisions.