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Energy Supply Innovation

CLP Carbon Credits

CLP Carbon Credits

Tool to offset unavoidable carbon emissions

Tool to offset unavoidable carbon emissions

With growing emphasis on sustainability, governments and organisations are actively investing in different efficiency improvement initiatives to reduce their carbon emissions. Despite best efforts to improve resource efficiency, some stakeholders may still look for ways to cope with unavoidable emissions across their value chain. To accelerate their decarbonisation journey, CLP Carbon Credits serve as a tool to offset any inevitable emissions.

Transition to renewable energy is vital to eliminating energy-related greenhouse gas emissions. However, the effectiveness and efficiency of renewable electricity is limited by location and scale. For example, the most suitable location for renewable assets may not be where the demand is, and the generation capacity may not be commensurate with the amount of electricity needed, particularly in urban, commercial and industrial areas.

How does it work?

How does it work?

A carbon credit represents one metric ton of carbon emissions that has been reduced or removed from the atmosphere. CLP Carbon Credits are generated from renewable sources (like wind or solar) which avoid the carbon emissions that would have otherwise been emitted from fossil fuel sources (like coal or gas). A carbon credit can be used to compensate an emission.

When you buy a carbon credit from CLP, the money goes directly back to the project company which holds the wind or solar farm. This money then helps to fund the development and operations of the wind or solar farm.

These operations can include:

  • Donations to and investment in the local community
  • Taxes paid to local and national governments
  • Wages for employees, who are also part of the local community
  • Ongoing maintenance and repairs of the wind turbines, solar panels and associated infrastructure

Features

Features

All CLP Carbon Credits are issued either by the Verified Carbon Standard (VCS) registry or the Clean Development Mechanism (CDM) registry based on the opinion of a third-party auditor and their internal quality checks. The carbon emissions avoided can be allocated to an individual or business through their purchase of a Carbon Credit.

We offer organisations and individuals buy-back and buy-forward carbon credits to suit their needs. The buy-back option is used for offsetting a defined amount of emissions that have already been emitted. Whereas buy-forward option allows advanced purchase of carbon credits before a carbon-emitting activity occurs. Organisations and individuals can flexibly purchase carbon credits to either offset unavoidable ongoing operational emissions or occasional emissions of one-off projects or events.

To increase the visibility of support for climate action, an electronic certificate is issued for the purchasing party. A hard copy certificate can also be made available upon request.

Benefits

Benefits

Cost-Effective

Offset emissions cost-effectively

Increase Competitive Advantage

Establish resilience and competitive advantage with proactive decarbonisation actions

Contribute to Sustainability

Drive renewable energy transition for a sustainable future