Is there any method to track the offset measures and then the explanation behind it is, for example: if an operator exceeds the emissions cap and the operator deploys to offset carbon by investing in green projects. How will it be determined how much he is able to achieve and how is it measureable?
Is there any method to track the offset measures and then the explanation behind it is, for example: if an operator exceeds the emissions cap and the operator deploys to offset carbon by investing in green projects. How will it be determined how much he is able to achieve and how is it measureable?
No, that’s fine. The only way that that can be used is through the mechanism that we spoke about earlier, so if your emissions offset projects, as you called them, are either clean development mechanism (CDM) or joint implementation (JI) projects then you can use 15% of your total emissions to be surrendered as credits from those schemes rather than European Union allowances. No other offset projects are acceptable under the scheme, so essentially only credits from projects under CDM or JI are currently acceptable.
