ClimatePal certifies different types of projects, generally divided into GHG emissions reduction, avoidance, and removal projects. A list eligible project can be found here.
imed at which reducing/avoiding or removing carbon dioxide from the atmosphere, and to receive back carbon credits to compensate their own emissions.
Project developers, who would like to certify their project under ClimatePal and generate high-qualitycertified carbon credits, must comply with project requirements and criteria. Projects are subjected to specific acknowledgement, registration, validation, and verification procedure.
Certification procedure under ClimatePal consists in five steps:
- Proposal of Project Idea
- Submission of Project Design Document (PDD)
- Third-party Validation
- Verification and Monitoring
- Issuance of Carbon Credits
Once the carbon credits are issued, the projects must follow early monitoring procedure and a five-year verification.
More details can be found here.
A Carbon Credit is a tradable unit on the Voluntary Carbon Market which equals to 1 ton of reduced/avoided or removed CO2eq by a carbon offsetting project activity. The carbon credits issued under ClimatePal are called ClimatePal Credits.
ClimatePal provides two levels of certification requirements and criteria for a project to be qualified as a carbon offsetting project under the Standard.
The first level is composed by the basic requirements ensuring reliability of GHG emission reductions/avoidances and removals. The full list of requirements can be found here.
The second level consists in a ClimatePal specific criteria referring to additional co-benefits brought by the offsetting project to the environment and social component of the project area. The second level of criteria ensures that the project go beyond the reduction or avoidance of GHG emissions, contributing also to the Sustainable Development Goals.
Full list of the criteria can be found here.