How do Verified Emission Reductions affect climate change? Will it make a difference?
A Verified (CO2) Emission Reduction is a reduction of one ton of greenhouse gas (GHG) carbon equivalent below a defined baseline or regulatory requirement. VERs allow GHG emitters to “balance” emissions of GHGs produced in one place by procuring GHG reductions from somewhere else (whether next door or around the world), thus meeting either voluntary or mandatory emissions reduction targets. Stringent sourcing criteria and third-party verification ensure that 3Degrees VERs truly represent real emission reductions.
