Only a fraction of the vast geothermal reserves that exist worldwide have been utilized and these projects have enormous potential to reduce global emissions.
Using geothermal steam from the earth to generate electricity helps to meet increasing energy demands with clean electricity, driving a low-carbon future. As the world transitions to renewable energy sources, geothermal power can play a vital role in mitigating climate change and creating a sustainable future.
This is a Verified Project that generates a limited number of certified carbon credits. Each credit is equivalent to one tonne of CO2e and has a unique serial number. These are recorded in the Gold Standard Registry, the Verra Registry or the CDM Registry of the United Nations.
After purchase, you will receive a certificate showing the amount of offsets you have bought and the serial number for each tonne which can be independently verified on the Verra Carbon Registry, where the full project specifications are also provided.
Visit our store and get access to high integrity offsets at global spot market prices without the large fees and commissions.
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Offsets are purchased through the Climate Change Institute where they are subjected to a rigorous verification and certification process.
Project
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As well as providing a renewable energy source, geothermal power also creates employment opportunities during construction and operation, supporting communities in developing countries and driving economic growth.
SITUATION
Geothermal power plants generate electricity from a source of geothermal steam. There is huge potential for geothermal energy production to lower worldwide greenhouse gas emissions and there are a large amount of geothermal reserves located around the world. However, only a small percentage have been developed.
SOLUTION
Geothermal Energy projects involve setting up a geothermal power plant which is is costly and risky. Geothermal exploration can often takes place in areas that are difficult to access that have the capacity to effectively power turbines to produce electricity.
IMPACT
By replacing electricity generated by fossil fuels with renewable energy these projects reduce emissions that would have occurred from fossil fuel power plants, and help to drive a low carbon future, as well as boosting local economic development.
OUTCOME
Projects such as these help to meet the growing energy demands of developing counties with clean electricity. The also can improve employment opportunities during both the construction and operational phases, and pave the way for similar projects in the region.
Offset certificates finance verified projects that reduce and eliminate carbon which are subject to a rigorous registration and verification process.
Projects can include wind, solar, hydro, biomass energy recovery, geothermal and GHG abatement. They aim to reduce greenhouse gas emissions whilst supporting sustainable development in developing countries. To deliver genuine emission reductions and meet the UN’s Sustainable Development Goals.
Verification
Certified projects must have the following attributes
Transparency
Information on the project is made readily available.
Efficiency
Projects should offer efficient methods to reduce carbon.
Validity
Projects must be certified to world standards and the procedure fully documented.
The Gold Standard Registry issues carbon credits, each is equivalent to one tonne of CO2e. It is the central repository for all information and documentation relating to Gold Standard projects and units. The Registry also ensures the uniqueness of projects and credits in the system. Projects are subject to a rigorous verification process where transparency underpins the positive outcomes of the carbon projects.
Verra carbon credits are issued under the Verified Carbon Standard (VCS) Program, a leading greenhouse gas (GHG) crediting program. Verra sets the world’s leading standards for climate action and sustainable development. VCS projects have reduced or removed nearly one billion tons of carbon from the atmosphere with activities that reduce and remove emissions, improve livelihoods, and protect nature.
- Additionality: The project is justified and the the carbon emission reductions achieved by the project would not have occurred without the additional funding.
- Permanence: Projects should demonstrate that the emissions reductions achieved by the project will be permanent and the carbon must remain stored for a long enough period to achieve the intended climate benefit.
- Verification: Projects must be verifiable and correctly accounted for, have a low risk of non-additionality, reversal, creating negative unintended consequences, and all forms of double-counting, including double-claiming of the emission reduction benefit, are avoided.
- Co-benefits: Projects may have have additional co-benefits such as poverty reduction, biodiversity conservation, and sustainable development and this should be considered.
Carbon Offset Certificates finance verified projects which slow down the rate of global warming, buying time for the world to make the transition to low-emission economies.
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We assist companies and individuals to go carbon neutral by offering wholesale prices direct from the trading floor of the global carbon spot exchange. Trading floor offers move rapidly, so we select the best projects on a daily basis. We negotiate bulk discounts for our 200,000 followers, allowing us to pass on the best market price.