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Voluntary Carbon Credits
Carbon credits, acquired voluntarily, allow organizations to offset or neutralize emissions that have not yet been eliminated, by financing projects that reduce or avoid emissions from other sources, or that remove greenhouse gases from the atmosphere. . A large and effective voluntary carbon market would help increase the flow of capital to these projects and thus play a critical role in achieving net-zero and negative emissions targets.
Renewable Energy Certificates
A REC (Renewable Energy Certificate) is a type of Energy Attribute Certificate (EAC) that represents the environmental attributes of generating one megawatt hour (MWh) of energy produced by renewable sources.
With EACs, end users around the world can make credible claims about their energy use, such as: “my factory runs on 100% renewable energy”, “our products are made with 100% wind power” and “Our global use of electricity generates zero emissions at the end of the pipeline.”
