Benefits of VCM & Carbon Credit Standards

Green projects are more sought after now as people are more interested in removing CO2 from the atmosphere than merely cutting CO2 emissions, to produce a negative carbon scenario.

People can invest in the specific green project that they are passionate about or the causes that resonate with them. They can be selective and can choose from a wide variety of projects such as saving a rainforest, replanting more trees for reforestation, green renewable energy like solar or wind, reduction of methane in landfills, etc.

Verifiable carbon credits are independently verified using globally accepted standards such as Gold Standards and Verra. All CO2 removals are real, measurable, permanent, and independently verified before being registered into the carbon registry.

Carbon credits bought are perennial. They can be continuously traded until it is offset by the buyer i.e. buyer wants to use the carbon credit to offset their carbon emissions. Then he will retire the carbon credit and cancel it from the registry. After which, that carbon credit can no longer be traded.

Traded in a common currency, the US Dollar, and globally accepted for trading across borders as buyers are not worried about compliance as in the regulated markets. This is a voluntary market for companies and individuals who are concerned about their carbon footprint on the environment.

Fig. 12: Credit issuance and number of projects in 2021, by category of mechanisms