FREQUENTLY
ASKED
QUESTIONS
CARBON OFFSET GRANT FUND
If you've got a question, the chances are we've been asked it before. These are the most popular questions we get...
What is a carbon credit?
A carbon credit is the name given for a unit of one ton of carbon dioxide equivalent (CO2e). Specifically, in this case, carbon dioxide that has been reduced, or sequestrated via a project.
Carbon credits fulfill their role when they are retired, this certificated action means they then become Offsets. The retirement of the carbon credit is the last stage of the lifecycle and their function has been fulfilled.
When we retire carbon credits to balance the carbon emissions for your organisation or project, we record your name and the specific project the carbon credits came from. In addition, we record the credits identification serial number and the certificate for each. We do this to ensure that the retired carbon credits don’t go back into the system and that your carbon has been certified as such. This is why we only retire Verified Carbon Credits with high additionality scores for you.
Carbon credits whether retired or circulated are registered, this work is completed by independent registries. These independent organisations are transparent in their work so that the relating data is publicly available. This is a vital back stop to the certified process.
The projects we work with meet the highest standard and stringent criteria in order to attain accreditation. Additionality is the most important aspect that we work to, this means that the projects that our credits are drawn from are entitled to generate carbon offset credits by demonstrating clearly that they couldn’t have been delivered without the vital investment created from the sale of those credits.
What does carbon offset mean?
A carbon offset is a reduction in emissions of carbon dioxide or other greenhouse gases made in order to compensate for emissions made elsewhere.
Typically a business or organsiations will measure and reduce their carbon footprint and then compensate what they cant reduce with carbon credits to 'offset' their impact.
What does carbon neutral mean?
Carbon Neutral or Carbon neutrality, or net zero carbon footprint. Defines a state where an organisation, event or action is net zero in terms of CO2e emissions. This is achieved by creating a balance between the amount of CO2e emissions and the amount combined via offset, sequestrated and carbon credits.
What Standards do you offer?
Carbon Neutral International Standard
Carbon Neutral International Standard is particularly useful if you already know your carbon footprint or have very precise carbon reduction goals.
Our team can guide you through this process and help you to neutralise the Carbon footprint of your organisation or event with up to 70% funded support on acceptance.
If you don’t already know your footprint, then we will help you to calculate it. This can have significant economic benefit, not only with a potential reduced requirement for carbon credits, significantly more cost effective, the savings and financial efficiencies can be employed in additional and creative ways.
What does “awarded Carbon Neutral International Standard ” mean?
This means that your organisation has established a systematic and methodical approach to a low carbon economy, that you have implemented a strategy and have become engaged, and more importantly that you are experiencing rewards and have become proactive.
How does One Carbon World choose which Carbon Offset projects to support?
Our independent panel choose from programmes that as a prerequisite have a scoring factor of 6 or above in economic impact and supporting the local community, and a scoring factor of 6 or above in local bio-diversity enhancement. However, a score of 6 is a minimum benchmark for a project to be considered; many projects score 8,9 or 10. The social impact of the programmes we carefully select includes improved health and educational facilities. Further checks are carried out on understanding support requirements and future plans.
Why should organisations support Verified Carbon Credit and UN projects and programmes?
As long as fossil fuels are burned, forests are currently the only viable and scalable answer to re-capture carbon or CO2 from our atmosphere. In fact, the Paris Agreement underscores the urgent need for carbon sinks like forests to meet the ambition to limit global temperature rise to ‘well below 2°C’.
Are carbon credits permission to pollute?
No. Carbon credits are an investment in emission reductions to drive the transition to a low-carbon economy. Even with clean energy gaining momentum, there is a tremendous gap to fill to meet the ‘well below 2°C’ target the Paris Agreement sets for limiting global temperature rise. Companies that set ‘Science Based Targets,’ that is, internal emission reduction targets in line with what science tells us to limit warming to 2°C’, and then go beyond by supporting projects that reduce global emissions, are demonstrating corporate best practice in terms of climate action. By choosing high additionality projects for their carbon credit purchases, they are also helping to bring sustainable development benefits – like access to energy and water, new jobs, and better health – to communities around the world.
What are Social and Biodiversity benefits?
All our Carbon Credits are produced by Verified Carbon Credit projects that are carefully selected and assessed by us to ensure that they are ‘holistic’.
The projects we have selected not only reduce carbon but also provide a high level of additional benefits that encompass bio-diversity, social enhancement and micro and macro economic development.
Bio-diversity is defined as the variety of living organisms in all terrestrial or
aquatic ecosystems. Our Verified Carbon Credit projects are part of the ecological complex. The projects have been developed to ensure they have a positive impact on local ecosystems.
The social and economic benefits that are created in local communities include
Sustainable local employment and economic empowerment,
Local education funding,
Improved local health and welfare facilities.
By participating in offset with Carbon Credits you invest in local communities.
My question wasn’t answered here, what can I do now?
Contact us at hello@onecarbonworld.com if you have any further questions.
Why carbon neutral?
According to the United Nations, "to avoid the worst effects of climate change, science tells us that we must limit global temperature rise to less than 2 degrees Celsius, which is also the central goal of the Paris Agreement. To achieve this objective, relying solely on governmental action will not be sufficient." Verified Carbon Offset programs are vital catalysts to achieve real and meaningful change and low carbon economies.
What is the UN Climate Neutral Now initiatve?
We have multi sites internationally, does the grant support this?
A network of global independent Carbon experts working in over 30 languages has been created to support international operations.
What are CERs and VERs?
The grant fund has been created specifically to directly support United Nations Clean Development Mechanism projects e.g. hydro, wind etc. in developing nations such as India. These projects produce CERs (certified emissions reductions) that are used to off-set emissions through the UN platform.
But also, and we believe more importantly, as 1/3 of all global carbon emissions currently come from deforestation, the fund has primarily been created to support forestation projects that are directly linked to health and education projects in South America. These projects produce VERs (voluntary emissions reductions) that are used to off-set emissions through the Verified Carbon Standard
How can I reduce our carbon footprint?
How can I measure my organisation's footprint?
Each organisation has a unique and different carbon footprint.
That is why One Carbon World and its team of technical experts can now report on over 7000 calculations.
What is Scope 1,2 and 3?
Scope 1 Emissions are direct emissions from owned or controlled sources.
Scope 2 Emissions are indirect emissions from the generation of purchased
energy.
Scope 3 Emissions that are a consequence of your actions, which occur at
sources which you do not own or control and which are not classed as scope 2 emissions.
Pre approving your grant application and further help
Do you want to know more about the One Carbon World Grant Fund before you apply?
We now have a dedicated team that will arrange an appointment and send you important funding updates.
Your advisor can now also pre-approve your organisational grant application.
GOOD FOR THE ENVIRONMENT AND FOR THE COMMUNITY
As a global resource partner of the United Nations Climate Neutral Now Initiative, One Carbon World is committed to emission reduction strategies and forestry projects that meet the highest standards, reduce carbon emissions and contribute to sustainable development.
The fund only supports carbon offset projects which are both ecologically and socially effective, with clear sustainable development benefits, such as including positive impacts on the well-being of the community hosting the project, strong biodiversity, job creation, and supporting educational programmes
Our goal is to help over 25,000 organizations to achieve carbon neutrality over the next 4 years. This will equate to a 5% increase in the number of carbon credits retired worldwide.
Our grant fund offer 70% support helps businesses and events of all sizes, local government, schools and regional projects.