Understand the Role of Carbon Credits
High-quality carbon credits can be an important tool for companies to leverage in their climate strategy. However, understanding the rapidly evolving and complex voluntary carbon market can be challenging, and a strong focus on understanding the elements of carbon credit quality is necessary to chart a path forward.
Carbon credits offer companies the opportunity to supplement and enhance their science-aligned decarbonization strategies. When done right, participation in voluntary carbon markets can increase climate ambition, drive investment toward important emissions reduction and removal projects and support broader sustainable development outcomes.
But credits cannot be a substitute for your company’s direct emissions reductions, and it is essential to prioritize high-quality credits. The following action steps provide insight and resources on understanding the role of carbon credits for your company and what to look out for in terms of credit quality.