Home > Solutions > Energy Supply Innovation > Carbon Management > CLP Carbon Credits

Energy Supply Innovation

Energy Supply Innovation

CLP Carbon Credits

CLP Carbon Credits

Carbon reduction
remedy to offset
unavoidable emissions

Carbon reduction remedy to offset unavoidable 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, stakeholders are still looking for ways to cope with unavoidable emissions that remain due to uncontrollable factors throughout the value chain. To accelerate the decarbonisation journey, CLP’s Carbon Credits serves as a reliable remedy 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 is avoided by completing an activity in a less carbon intensive way. CLP Carbon Credits are generated from renewable sources (like wind or solar) which avoids the carbon emissions that would have otherwise been emitted from fossil fuel sources (like coal or gas). Such carbon emission avoided can be used to offset carbon emissions generated by governments, organisations or even individuals.

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 VCS Registry or the CDM Registry based on opinion of a third party auditor and their internal quality checks. They are ‘created’ when Registry confirms ‘avoidance of Greenhouse Gas’ by the project and issues ‘Credit’. These 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 or buy-forward carbon credits to flexibly 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 the carbon emitting activity incur. Organisations and individuals can flexibly purchase carbon credits to either offset unavoidable on-going operational emissions or occasional emissions of one-off projects or events.

To increase the visibility of climate commitments, an electronic certificate is issued for the purchasing party. A hardcopy certificate can also be made available upon request for keepsake purposes.

Benefits

Benefits

Cost-Effective

Achieve carbon neutrality with cost-effective offsetting tool

Increase Competitive Advantage

Establish resiliency and competitive advantage with proactive decarbonisation actions

Achieve Sustainability

Drive renewable energy transition for a sustainable future