How Carbon Offsets Work
Verified emission reductions (VERs), also known as carbon
offsets, are designed for companies looking to reduce the environmental impact
of their flying, driving, and some heating and manufacturing methods with real, verified
and permanent carbon reductions. A VER
represents the reduction of one metric ton (2,205 lbs) of carbon dioxide or its
equivalent. Each ton of emissions
reduced by a carbon reduction project results in the creation of one VER, a
commodity sold to finance these projects.
Renewable Choice supports a variety of domestic and international projects that conform to domestic and international standards. Our strategy focuses on project's that capture and destroy methane, a potent greenhouse gas recognized by the United Nations Intergovernmental Panel on Climate Change (IPCC) as a major cause of climate change.
Why Methane? Methane traps 251 times more heat in the atmosphere as carbon dioxide and has a relatively short atmospheric lifetime of approximately 12 years; making methane emissions reductions particularly effective at mitigating climate change in the near term. Its destruction offers an immediate, measurable and permanent greenhouse gas reduction. Methane capture also allow the gas to be used as a clean energy source.
Methane comes from a variety of sources both natural and manmade, such as farm waste and landfills. Renewable Choice projects include a range of methane capture and destruction technologies.
Read more about our carbon and renewable energy portfolios, or visit our interactive offset project map to learn more about our emission reduction efforts.