The Carbon Market
Fundamental understanding of carbon markets
Carbon footprint explained
A carbon footprint represents the collective emissions of greenhouse gases, such as carbon dioxide and methane, resulting from human activities. According to pawprint.eco, the average carbon footprint per person annually is 12.7 tonnes of CO2 in the UK and 21 tonnes in the US.
To prevent a 2°C rise in global temperatures, the average per capita carbon footprint worldwide must be reduced to less than 2 tonnes by 2050.
Carbon offsetting explained
Acquiring carbon credits provides businesses with a method to address emissions they are unable to fully eliminate. These credits are certificates that represent the amounts of carbon emissions either avoided or removed from the atmosphere.
Each carbon credit serves as a certified emissions unit that can be traded, symbolizing one tonne of CO2e (carbon dioxide equivalent) that was either not emitted or was removed from the atmosphere compared to baseline emissions.
Shifting towards becoming a carbon-neutral business.
Transitioning to become a carbon-neutral business is essential for forward-thinking companies, as they recognize the importance of embracing sustainability measures for long-term success. Seize the opportunity to achieve carbon neutrality and enjoy the benefits of increased revenue, reduced expenses, stakeholder engagement, and risk mitigation. At EK, we offer global carbon reduction and offset solutions, supporting various projects suitable for businesses of all types, from corporations to governmental bodies.
Verified Emission Reductions
Third-party verification bodies conduct the validation and verification of our carbon credits, following esteemed standards. Each Verified Emission Reduction (VER) represents one metric tonne of additional, permanent, and previously unclaimed CO2 emission reductions or removals, thereby creating a positive environmental and social impact.
Three steps to achieving carbon neutrality
1. Calculate carbon emissions
Whether you manage a small or large business, the first step to understanding and reducing your company's impact on climate change is to calculate your carbon footprint.
2. Offset and reduce emissions
Let us aid you in devising a reduction strategy. Offset your emissions by utilizing our carbon credits sourced from projects adhering to the highest international verification standards.
3. Showcase your impact
After reducing and offsetting your business's carbon footprint, we proceed to the reporting stage. Here, we furnish a detailed report outlining the extent of carbon offset you have accomplished.
Market related webpages
United Nations Framework Convention on Climate Change (UNFCCC): The UNFCCC oversees the Clean Development Mechanism (CDM) and Joint Implementation (JI) projects, which generate carbon credits. Website: https://unfccc.int/
Gold Standard: Gold Standard is a certification body that provides standards for carbon offset projects. Website: https://www.goldstandard.org/
Verified Carbon Standard (VCS): VCS is a widely used standard for voluntary carbon offset projects. Website: https://verra.org/
American Carbon Registry (ACR): ACR provides standards for voluntary carbon offset projects in the United States. Website: https://www.americancarbonregistry.org/
Climate Action Reserve (CAR): CAR is a nonprofit organization that provides carbon accounting standards for projects in North America. Website: https://www.climateactionreserve.org/
European Union Emissions Trading System (EU ETS): The EU ETS is the world’s largest carbon market, covering various industries in the European Union. Website: https://ec.europa.eu/clima/policies/ets_en
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