Carbon Credits

Carbon credits are emission reduction units used to communicate each ton of CO2 equivalent greenhouse gas reductions made by an activity that reduces greenhouse gas emissions. These credits are called Verified Emission Reductions (VER). The definition of greenhouse gas emission reduction represented by these credits, also known as carbon offset certificates, is made with reference to an activity with equivalent capacity greenhouse gas emissions.

Carbon credits (certificates) are earned by projects that reduce different types of greenhouse gases (such as CO2, CH4, N2O) in the following categories: agriculture, chemical process/industrial production, forestry and land use, transportation, renewable energy, energy efficiency/fuel exchange, waste disposal.

The creation of carbon credits can be explained by a simple example. For example, a wind power plant project is generating electricity with a capacity of 90 MW. If electricity production of the same capacity (90 MW) had been carried out with a fossil fuel plant project, there would have been 190 thousand tons of CO2 equivalent greenhouse gas emissions from this generation activity in a certain period of time. In the relevant time period, the amount of emission that the Wind Power Plant Project does not make is expressed as the negative emission amount of this project and the certification process is carried out per negative ton of emission. In other words, the Wind Power Plant Project can win 190 thousand VER certificates. The Evadore Foundation will continue to reduce carbon emissions on a regular basis by purchasing carbon credits.