Once you have reduced your emissions as best you can, or for situations where there is no mechanism for reduction, then you can offset your emissions through a process which meets recognized standards of credibility. The Ministry for the Environment has recently published Guidance for voluntary emission offsetting and it is strongly recommended that you read this if you are interested in making a voluntary offset of your emissions.
To quote the Ministry;
“Voluntary emissions offsetting enables an organisation to reduce emissions to the atmosphere outside the boundary of their organisation. Voluntary emissions offsetting is an action that should take place only after the measurement of emissions and subsequent reductions of emissions have occurred.
For the voluntary emissions offset to be considered credible, it must be:
- real, measurable and verified
- not double counted
- address leakage
- permanent. “
The Carbon Shop provides a voluntary emission offsetting service which meets these criteria. Many of the elements of the voluntary offsetting process run by The Carbon Shop rely on the Permanent Forest Sink Initiative (PFSI) operated by Te Uru Rakau / Forestry New Zealand, part of the Ministry for Primary Industries. All Carbon Units used by The Carbon Shop are generated by growing indigenous New Zealand forests.
The Carbon Shop:- Voluntary Emission Offset process;
The Carbon Shop has purchased Carbon Units from a land owner who has received the units as an allocation under the PFSI. The detailed documentation of the originating forestry project is available to clients prior to contract.
The units are held in the Emission Trading Register (ETR) and to complete the Offset transaction the requisite Carbon Units, representing the tonnes of CO2e which are being offset, are cancelled, thereby removing them from the market permanently. The Registry produces a Voluntary Cancellation Certificate which is provided to the client.
Real, measurable and verified;
The Carbon Shop relies on the PFSI process to determine that the allocation of units to the landowner by the Government represents real, measurable and verified sequestration of carbon into the forest.
Similarly, The Carbon Shop relies on the PFSI process to determine that the landowner’s establishment of the forest was over and above ‘business as usual’, i.e. the establishment would not have occurred was it not for the allocation of units.
Not double counted;
All Carbon Units, representing one tonne of Carbon Dioxide, bear a unique identification number and this identification is documented in all transactions. The Voluntary Cancellation Certificate issued by the ETR identifies the units cancelled. The cancellation of units within a registry ensures those units cannot be sold or transacted again.
Leakage occurs when the reduction of carbon emissions from one activity causes an increase in emissions in another. PFSI forestry projects do not cause emissions elsewhere in the economy.
The Carbon Shop relies on the PFSI process to ensure that the landowner has entered into an agreement with the Government to maintain the parcel of land as a permanent forest for 100 years minimum and with no harvesting permitted, as per the PFSI covenant.
To offset your emissions with The Carbon Shop, please
phone +64 (0)21 2889641 or
for a personal consultation.