What Are Carbon Credits?
A carbon credit is a generic term for any tradable certificate or permit representing the right to emit one tonne of carbon dioxide or the equivalent amount of a different greenhouse gas (tCO2e).
What is One Carbon Credit Equal to?
Carbon credits and carbon markets are a component of national and international attempts to mitigate the growth in concentrations of greenhouse gases (GHGs). One carbon credit is equal to one tonne of carbon dioxide, or in some markets, carbon dioxide equivalent gases. Carbon trading is an application of an emissions trading approach. Greenhouse gas emissions are capped and then markets are used to allocate the emissions among the group of regulated sources.
Who are the regulators?
The Alberta Emissions Offset Registry (AEOR) and the Emissions Performance Credits (EPC) Registry, as operated by CSA Group in coordination with the Government of Alberta, provides the infrastructure to support the ability for regulated facilities to be compliant with the regulation through the transparent display of Alberta-based emission offsets and/or Emission Performance Credits. These essential carbon registries track ownership of carbon offset credits and emission performance credits to demonstrate facility-level compliance with carbon reductions outlined within the Act, and ensures traceability and transparency of the process.
This process is regulated under the Technology Innovation and Emissions Reduction (TIER) Regulation in Alberta.
All projects listed on the AEOR must meet system requirements for real, demonstrable and quantifiable reductions of emissions, and are verified by an independent third party.
Green Chip’s environmental specialists provide Carbon Credit support and advisory consulting around generating carbon credits. We’ll get you participating in voluntary and compulsory carbon credit programs that are available to you.