What makes PCT’s offsets high-quality?
PCT Offset projects are regulated under the Ministry of Environment’s Emission Offsets Regulation and have to meet strict criteria. These projects meet all the requirements of a high quality offset, as follows: • Within scope – the emission reductions are for eligible greenhouse gases (CO2). • Real – the reductions are derived from specific and identifiable actions, are associated with defined projects, and the projects result in a net reduction of GHG emissions. • Measurable – the difference between the baselines and the projects can be scientifically measured using methods that maintain the principles of accuracy and conservativeness. • Additional – the baselines represents conservative estimates of the most likely emissions scenarios that would have occurred in the absence of the offset mechanism. • Verifiable – project plans have been developed, have been validated by an independent assurance provider, and will be verified by an independent assurance provider in accordance with the
