Within many jurisdictions there are either dedicated carbon markets or voluntary carbon markets. A carbon market connects greenhouse gas polluters to proponents of green (i.e. above the norm) projects where carbon offsets can be verified and revenue can be generated. Ecogamut can help you every step of the way to connecting you to the carbon offset revenue that your green projects deserve.
Carbon offset projects can exist in virtually any industry. Ask yourself the following questions:
Does your project significantly surpass the industry norm or standard?
Do you believe your project reduces greenhouse gas emissions at your facility or across the greater economy?
Has your project occurred within the last five to ten years?
If you answered yes to these questions there is a good chance that your project can generate carbon revenue.
Your project can be either a retrofit or a newly constructed system. Here is a list of the most typical project types:
Energy efficiency projects in a building or a process;
Renewable energy projects;
Landfill gas capture projects;
Anaerobic treatment of wastewater;
Improved forest harvest practices and afforestation projects;
Process specific greenhouse gas abatement projects;
Waste heat recovery projects.
One of the nice things about a carbon offset project is that it can last for a number of years. For example, in the carbon offset market of Alberta, a project can generate carbon revenue for an eight year period with the potential to be extended for an additional five years. The duration of carbon credit generation varies across carbon markets and project types.
There may be a carbon market directly relevant to the region where your project is taking place. Otherwise, there are internationally recognized voluntary carbon markets that you may be able to apply to. We can help you select the most relevant carbon market to apply to.
The first step is to determine whether your project is eligible for carbon offsets. Once you establish contact with us we will ask you a series of questions to determine your project eligibility and which carbon offset market is most suitable for you. Once we have determined the viability of your project the next step is to create a project application where we will generate a detailed report to be submitted to the carbon offset registry. During the creation of this report we will ask you various questions regarding the operation of your project and request an assortment of data items. Once the annual and lifetime carbon offsets are estimated and the project application is complete your carbon offset project will be all set for third party verification.
Upon completion of the project report, a third party verification needs to be undertaken in order to ensure that your offset project is legitimate and the estimated number of carbon offsets (measured in tonnnes CO2eq per year) is accurate. Third party verification is generally required once every year or once every few years to ensure the ongoing carbon offsets being reported have been calculated in an accurate fashion. Ecogamut can help reduce verification and other transaction costs by aggregating other green projects together into a single application. Ultimately, this equates to more carbon offset revenue in your account.
When the carbon offset report and third party verification report are complete we can now apply for carbon offsets via the portal of the given carbon registry. Once submitted, the carbon registry will then serialize the offsets and this means that each tonne of carbon offsets will be given a unique serial number so that it can be tracked with ease.
Upon generating the serialized carbon offsets, Ecogamut can then go ahead and find a buyer where we will negotiate the price of each carbon offset being sold. Typically, one tonne of CO2eq will sell anywhere from five to thirty dollars and this depends on the carbon offset market. The price of carbon is subject to change significantly from time to time and this price volatility depends on a number of factors.
When undertaking a carbon offset project, it is important to manage and store the data being utilized to generate the reports. Carbon offset projects can typically last anywhere from 5 to 25 years depending on the market and project type. All data associated to a project needs to be stored and well maintained for several years beyond the project period. Ecogamut provides a suitable data management repository that allows you to easily access the data and documentation utilized in the creation of the project.
Have your green project assessed.
We handle the entire life cycle of your carbon offset project.
Have our team get you into the carbon market
Access your data easily and quickly to inform your clients and other important stakeholders.
Put money in your pocket.
We don't get paid until you do - in other words, both parties get paid as soon as carbon offsets are sold.
Quickly estimate the number of carbon offsets your project creates.
Generate revenue from your green projects for many years to come.
Have your say on who buys your offsets and whether they should be retired immediately.