Certificates for delivered and future CDR services are traded bilaterally through project developers, brokers, or various marketplaces. We provide our clients with access to high quality CDR certificates from outstanding project developers worldwide through:
What is the difference between compliance and voluntary emissions markets?
Compliance emissions markets are organised by states or regions. Certain companies are legally obliged to participate in these markets (for example EU ETS or nEHS).
In voluntary emissions markets, companies can purchase CO2 certificates and use them to achieve their climate targets.
What is a carbon credit?
A carbon credit represents the certified reduction of one tonne of carbon dioxide equivalent or the removal of one tonne of carbon dioxide equivalent (tCO2e) from the atmosphere.
What are the prices for a CDR certificate?
The prices for CDR certificates vary greatly depending on the technology and can range from 30 to more than 500 EUR/tonne. In general, the higher the price, the more long-term and climate-effective the removal of CO2 from the atmosphere.
How can I be sure that the selected projects actually remove greenhouse gases from the atmosphere?
In order to generate CDR certificates, projects must follow certain technicall standards. The compliance of CDR certificate providers with these standards is verified by external service providers and platforms.
What does climate neutrality or net-zero mean in companies?
Companies, processes and products are climate-neutral if their greenhouse gas emissions have been accounted for using recognized standards and offset through climate protection projects. After avoiding and reducing emissions, offsetting residual emissions is an integral part of a high-quality corporate climate strategy. Residual emissions might remain because CO2-free solutions are not yet available for all energy sources, products, processes or services.
What is the Science Based Targets Initiative?
As a joint initiative of CDP, UNGC, WRI and WWF, the Science Based Targets Initiative (SBTi) establishes the methodologies and criteria for effective corporate climate action. The SBTi also validates corporate climate targets and since 2015 more than 2,500 companies have joined the initiative to set a science-based climate target.
What does offsetting mean?
Offsetting refers to the balancing of corporate CO2 emissions through the purchase of CO2 credits on voluntary emissions markets or from project developers. The CO2 credits can come from offset or neutralisation projects.
What is a CDR portfolio?
A CDR portfolio consists of certificates from different CDR projects. Through this diversification, a CDR portfolio can reduce price and default risks and thus ensures a low-risk implementation of a corporate climate and carbon removal strategy.
What is the difference between compensation and neutralisation?
A compensation project avoids the emission of CO2 compared to a baseline scenario. The project can issue a corresponding number of compensation certificates. The definition of the baseline scenario and the corresponding climate impact of the project are often difficult to determine.
In contrast, projects that remove CO2 or other greenhouse gases from the atmosphere can generate CDR certificates. The use of these CDR certificates to offset corporate greenhouse gas emissions is known as neutralisation.
What are the requirements for carbon credits?
– Meet and follow international standards (Certification)
– Demonstrate credible and verifiable emission reductions or removals of greenhouse gases from the atmosphere (Real Projects)
– Certification and verification of data must be carried out by independent third parties (Independent Verification)
– The emission reduction or removal of greenhouse gases from the atmosphere must not have occurred without the project activity (Additionality)
– Each compensation or CDR certificate may only be cancelled once (no double counting)
– All project impacts must be transparent and recorded in a public register (Traceability)
Why should your company use CDR certificates or projects?
For credible climate targets and to avoid greenwashing accusations, certificates from high-quality CDR or compensation projects are preferable to other offsets. Ambitious climate strategies and standards, such as the Science Based Targets Initiative (SBTi), call for the neutralisation of emissions and thus the use of CDR certificates or projects.