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Also known as the compliant market, it depends on regulatory obligations under the Kyoto Protocol. Only countries subject to reduction targets can participate in this market, in which two types of carbon assets can be found: emission quotas and carbon credits.
Alongside the regulated market, other players have wanted to voluntarily offset their GHG emissions. All the transactions carried out between them constitute the voluntary market, which is not governed by any public institution. These are certification labels that guarantee the quality of carbon credits.
There are carbon standards, such as Gold Standard, VERRA or UNFCCC (CDM or JI).
They each have a PDD (Project Design Document), a real technical dashboard of the project. They are monitored according to procedures similar to the methodologies established by the United Nations Framework Convention on Climate Change. In addition, CO2 reductions generated are verified by independent bodies, approved by the UN or not, depending on the quantity of greenhouse gases avoided.
The « Low Carbon Label » is a national carbon certification tool, managed by the French Ministry of Ecology and Solidarity Transition. It enables project owners to enhance the value of their actions in favour of the climate. They get official recognition and financial compensation from economic players committed to a societal and environmental responsibility (CSR) approach or voluntary carbon funds.
This mechanism, which has recently become operational for projects involving forests and agriculture, is still not well known but is already promoted by Global Climate Initiatives.
The price of carbon has been integrated in order to limit the negative impacts on the economy and society as a whole.
Every person emits GHGs through their actions and these GHGs accumulate in the atmosphere and contribute to climate change.
We are all responsible for what we do and what we release on earth, so putting a price on carbon is like paying for the use of the atmosphere.
Putting a price on carbon provides an incentive for society and businesses to emit less, minimizing their cost of production. Therefore, the price of carbon must be fair to ensure that it works.
There are two possibilities for simultaneous action:
GCI offers a set of proven calculators in usage since 2012 allowing the company to perform its own calculations and reports usable enforceable for each of the scopes concerned.
GCI’s digital platform offers everyone, from small businesses to large corporations, a set of online recommendations and tools to share best practices in order to reduce their carbon footprint.
As an international stakeholder, Global Climate Initiatives offers carbon offset projects, linked to SDOs, selected and (co-)developed by our experts directly on site.