CO2 Offset

FREEMIUM
By STROMDAO | Updated a month ago | Energy
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8.4 / 10

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187ms

Service Level

100%

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README

VCS Verified CO2 Emission Reduction in accordance with the requirements of ISO 14064. Integrates everywhere with a snippet of code.

Our carbon offset API service let individuals and businesses offset their environmental footprint acquiring certificates to reduce greenhouse gas emissions elsewhere. Carbon offsets fund specific projects that either lower carbondioxid emissions, or “sequester” CO2, meaning they take some CO2 out of the atmosphere and store it. Some common examples of projects include reforestation, building renewable energy, carbon-storing agricultural practices, and waste and landfill management. Reforestation in particular is one of the most popular types of projects to produce carbon offsets. Carbon offsets are granted to project owners, who sell them to third parties like companies that want to balance the CO2 they put into the atmosphere by paying to remove CO2 from somewhere else. This API allows to become a buyer of CO2 offset certificates.

Our Settelment Rules

Compliance Behind the Scenes

Your API usage helps us in our effort to neutralize CO2 emissions globally. We invest in comprehensive, long-term projects to minimize CO2 emissions. With a small contribution, you can make a huge difference and at the same time strengthen your CSR profile.

Mission Target

Automating the settlement process, an end-to-end trust chain is ensured while reducing complexity to implement sustainable elements into your business processes.

Our service invites you to consider CO2 offsetting as a way to accelerate the ecological transition and not as a way to cancel out your footprint. At the moment only (re)forestation projects are able to demonstrate the 4 basic criteria of the Gold Standard.

Additionally

To qualify as a genuine carbon offset, the reductions achieved by a project need to be ‘additional’ to what would have happened if the project had not been carried out

Permanence

Fixed contribution for a pooled compliance buffer, which remains untouched even after the crediting period of the project.

Absence of leakage

Each project must define its boundaries, including physical, legal and organizational boundaries.
This is necessary in order to calculate the emissions reductions accurately: all emissions reductions
and increases within the project boundaries must be taken into account.

Verification

By purchasing Emission Reductions, you make a contribution to meeting the aims of the Paris Agreement as well as Sustainable Development Goal 13 by financing a direct and quantifiable impact on climate change mitigation that is monitored, verified and certified

Settlement Rules

As soon as a new CO2 Offset request hits the API Endpoint the following trust chain gets validated.

Mandatory Conditions
Planting partners need to prove a record of past projects/impacts before entering the pre-allocation pool.
Digital Twin (Identity) per individual asset (tree) exists and has a unique serial number.
No planned deforesting / end of the contract.
Partner guarantees minimum 20 years of reforesting in case of damage/fire/flood. Provisions were formed to ensure obligations.
In terms of orderly accounting, documentation, and bookkeeping, no double spending is possible
Digital fingerprints ensure an uninterrupted chain from source (asset/tree) via partner to final settlement
Conservative calculation of CO2eq Offset. (certified offset < 90% actual offset)
3xV principle followed. Verification is possible: Onsite visiting location, Online service to validate, Offline using digital fingerprints and signature chain)

Optional Criterias
As we are working with a number of partners providing a set of independent projects, actual allocation is always done at the time of the request. This might cause intra-day pricing changes.

  • Size of project (small size preferred)
  • Quantity of available assets (the best fit allocates remaining assets)
  • Social impact of partner (like school programme)
  • Sustainability factor of planting location
Rating: 5 - Votes: 1