Voluntary carbon markets can be an important source of revenue and a means to raise finance for a range of low carbon projects. Traditionally, at least for the most part, the projects qualifying for and generating ‘carbon credits’ have not been of a scale comparable to the volumes able to be captured by CCS.
Carbon credits are measurable, verifiable emission reductions from certified climate action projects – these projects reduce, remove or avoid greenhouse gas (GHG) emissions. Generally speaking, projects must adhere to a rigorous set of criteria to pass verification by third-party agencies and a review by a panel of experts at a leading carbon offset standard.
On the 8th December 2021, at a Global CCUS Institute webinar, South Pole disclosed that they offer one of the world’s largest and most diverse portfolios of projects that deliver carbon credits.