Verified Emission Reductions
Carbonfund.org Foundation is a leading provider of verified emission reductions. Verified emission reductions are also commonly known as carbon offsets, carbon credits, or carbon offset credits. Verified emission reductions (VERs) are essentially a reduction in greenhouse gas emissions (GHGs) from a project that is independently audited (i.e., verified) against a third-party certification standard. Each verified emission reduction represents one metric tonne of carbon dioxide equivalent emissions (mtCO2e).
The most common greenhouse gas emissions that are reduced by such VER projects are carbon dioxide emissions and methane emissions. For instance, Carbonfund.org supports several landfill gas projects which reduce landfill (i.e., methane) emissions. Some of these landfill projects, such as the New Bedford Landfill Gas Project and the Seneca Meadows Landfill Project, utilize the landfill gas to generate electricity. Carbonfund.org also supports numerous verified emission reduction projects which reduce carbon dioxide emissions. This includes Carbonfund.org’s support for solar, wind, and hydroelectric projects which generate clean, renewable electricity without the resulting carbon dioxide emissions associated with the combustion of fossil fuel from coal and natural gas power plants.
All verified emission reductions should be independently audited against a third-party certification standard. The most common verified emission reduction standards in the voluntary carbon market are the Verified Carbon Standard (VCS), the Climate Action Reserve (CAR), the Gold Standard, and the American Carbon Registry (ACR). Independent auditors are approved by the certification standards and are subject-matter experts. For instance, Aster Global (formerly known as Environmental Services, Inc.), Rainforest Alliance and SCS Global Services are forestry audit firms and they have verified Carbonfund.org’s forestry projects known as the Russas, Valparaiso, Purus and Envira Amazonia Projects.
To learn more about verified emission reductions and our projects, please visit Carbonfund.org Foundation.