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A climate project is a climate action solution with the main purpose of avoiding, reducing or removing carbon dioxide. Carbon credits are issued in climate projects. There are many different project types. At Atmoz, for instance, we work with:
Read about more different project types in this article.
A carbon credit corresponds to 1 tonne of CO₂ equivalents. Companies that want to take responsibility for their emissions calculate their footprint and purchase credits corresponding to all or part of their unabated emissions, also known as Beyond Value Chain Mitigation.
BVCM is a recommendation from the Science Based Targets initiative (SBTi), to be used as a way for companies to take action on their unabated emissions outside of their value chain. It is used as a complement to emission reductions within the company’s own value chain, whilst achieving their reduction targets.
Read more about BVCM in our article.
No. It is important to note that carbon credits are not intended to replace emission reductions but are a way for companies to take responsibility for the emissions that remain, while achieving reduction targets.
There are many good reasons, we have listed our top 7 reasons here.
Interested in learning more about different types of projects? Read our article here.
At Atmoz we mainly focus on ex-post credits.
In need of a quick overview of carbon offset–related glossary? Get an overview here.
Atmoz upholds a wide network of certified and verified project developers, recognised by reputable market actors and standards like Gold Standard and Puro. These developers undergo thorough evaluations based on strict criteria, independent verification, and ongoing monitoring to ensure that each project delivers its intended outcomes.
We primarily offer projects that issue ex-post credits, meaning the credits are only tradable after a third party has verified that the climate benefit has been achieved. In this way we can be confident that real climate benefits have taken place.
Certified carbon offsets follow a standardised methodology. Depending on the certification, the standard varies. You can read more about the Gold Standard method here and the Puro method here. Similarly, the criteria vary, but commonly include additionality, measurability, stakeholder engagement and contribution.
Because certification gives us confidence that the projects deliver quality, transparency and are being reviewed on a regular basis.
Additionality means that the project would not have been realised without the climate financing.
Atmoz retires the carbon credits approximately 1–2 months after purchase, in the respective registry. Each purchase is assigned a unique reference number, which is linked to both the invoice and the retirement of the credits. This ensures that the credits are earmarked. Credits can only be retired once and are recorded in their specific registry, this process prevents double counting and ensures they cannot be resold.
Learn more here.
There are several reasons why many climate projects are located in the Global South. Firstly, these areas are generally more severely affected by climate change and therefore benefit from climate projects that have a direct positive impact on the local environment. In addition, it is more cost-effective to establish climate projects in the Global South. Another important factor regarding tree planting initiatives specifically, is that trees grow multiple times faster in the tropics, making the projects more effective.
CCS is short for Carbon Capture and Storage, whilst CCU stands for Carbon Capture and Utilization. Both are considered carbon capture solutions but differentiate in what happens after capture.
Read more about CCS here.
An SBTi Net-Zero Strategy guides companies to cut emissions to Net Zero by 2050, using science-based near-term and long-term targets. Offsetting addresses the share of emissions that can’t be reduced and can be used in two different ways.
Read more in our article about how to shape your own SBTi Net-Zero Strategy here.
There are still very few climate projects in our latitudes, despite existing demand. At Atmoz, we offer one project in Sweden, read an interview with the founder of Boreal Mix here.
Atmoz interprets that carbon offsetting is tax-deductible if it is considered to increase sales, improve profit margin or similar. Always consult your auditor.
Atmoz advocates that there should be a link to the business, geographic areas or the value chain, or that the project engages stakeholders. We are happy to assist our customers in selecting a suitable project or portfolio.
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