Why does Less source offsets from renewable energy projects?
Less is focused on providing the highest quality offsets. Gold Standard-certified projects achieve GHG emission reductions through international projects that focus on renewable energy and energy efficiency projects that reduce emissions at the source. All projects are tested to ensure that they go beyond business as usual in terms of creating positive impacts for the environment, social networks and the local economy in which they operate. Currently, Less offsets are from renewable energy projects that are achieving quantifiable emissions reductions by replacing fossil fuel-based energy generation sources. The emissions reductions calculated are permanent and are verified to have taken place. By contrast, projects that rely on storing carbon, such as tree planting, run the risk sequestering carbon over an undetermined period of time. In some cases, there is no certainty that the amount of carbon projected to be offset at the beginning of the project will actually be mitigated/offset.
Related Questions
- What type of renewable energy and pollution control projects generate the offsets available for retirement on e-BlueHorizonsSM ?
- Does my local utility offer any special rebates or incentives for utilizing a renewable energy source?
- What is the value of a renewable energy source as opposed to nonrenewable?
