Difference between revisions of "Carbon Offset"
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== Definition == | == Definition == | ||
| − | '''Carbon Offset''' | + | '''Carbon Offset''', (also called offset credit, or verified emission reductions) represents the reduction, removal, or avoidance of [[GHG Emissions]] from a specific project that is used to compensate for GHG emissions occurring elsewhere, for example to meet a voluntary or mandatory GHG target or cap. |
| + | |||
| + | Offsets are calculated relative to a baseline that represents a hypothetical scenario for what emissions would have been in the absence of the mitigation project that generates the offsets. To avoid double counting, the reduction giving rise to the offset must occur | ||
| + | at sources or sinks not included in the target or cap for which it is used. | ||
== See Also == | == See Also == | ||
| − | * [[wikipedia:Carbon_offset Wikipedia]] | + | * [[wikipedia:Carbon_offset | Wikipedia]] |
| + | |||
| + | == References == | ||
| + | * GHG Protocol Scope 2 Guidance (2015) | ||
| − | [[Category: | + | [[Category:GHG Protocol]] |
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Latest revision as of 13:08, 31 May 2023
Definition
Carbon Offset, (also called offset credit, or verified emission reductions) represents the reduction, removal, or avoidance of GHG Emissions from a specific project that is used to compensate for GHG emissions occurring elsewhere, for example to meet a voluntary or mandatory GHG target or cap.
Offsets are calculated relative to a baseline that represents a hypothetical scenario for what emissions would have been in the absence of the mitigation project that generates the offsets. To avoid double counting, the reduction giving rise to the offset must occur at sources or sinks not included in the target or cap for which it is used.
See Also
References
- GHG Protocol Scope 2 Guidance (2015)
