Export to PDF

CDP Climate Change 2022 Reporting Guidance

(C11.2a) Provide details of the project-based carbon credits originated or purchased by your organization in the reporting period.

Question dependencies

This question only appears if you select “Yes” in response to C11.2.

Change from last year

Modified guidance

Rationale

Carbon credits can be originated from a variety of projects and are verified to a number of standards, data users are interested in learning about the scope of project types that are contributing to credit origination and purchase. Data users are also requesting information on the objectives of organizations who have originated or purchased carbon credits and the extent to which they are used to achieve these objectives.

Connection to other frameworks

SDG

Goal 13: Climate action

NZAM (FS only)

Commitment 4

Response options

Please complete the following table. The table is displayed over several rows for readability. You are able to add rows by using the “Add Row” button at the bottom of the table.

Credit origination or credit purchase Project type Project identification Verified to which standard

Select from:

  • Credit origination
  • Credit purchase

Select from:

  • Agriculture
  • Biomass energy
  • Cement
  • CO2 usage
  • Coal mine/bed CH4
  • Energy distribution
  • Energy efficiency: households
  • Energy efficiency: industry
  • Energy efficiency: own generation
  • Energy efficiency: service
  • Energy efficiency: supply side
  • Forests
  • Fossil fuel switch
  • Fugitive
  • Geothermal
  • HFCs
  • Hydro
  • Landfill gas
  • Methane avoidance
  • N2O
  • PFCs and SF6
  • Solar
  • Tidal
  • Transport
  • Wind
  • Other, please specify

Text field [maximum 2,400 characters]

Select from:

  • CDM (Clean Development Mechanism)
  • JI (Joint Implementation)
  • Gold Standard
  • VCS (Verified Carbon Standard)
  • VER+ (TÜV SÜD standard)
  • CAR (The Climate Action Reserve)
  • ACR (American Carbon Registry)
  • CCBS (developed by the Climate, Community and Biodiversity Alliance, CCBA)
  • Plan Vivo
  • Emissions Reduction Fund of the Australian Government
  • Not yet verified
  • Other, please specify
Number of credits (metric tons CO2e)Number of credits (metric tons CO2e): Risk adjusted volumeCredits cancelledPurpose, e.g. compliance

Numerical field [enter a number from 0-99,999,999,999 using a maximum of 2 decimal places and no commas]

Numerical field [enter a number from 0-99,999,999,999 using a maximum of 2 decimal places and no commas]

Select from:

  • Yes
  • No
  • Not relevant

Select from:

  • Compliance
  • Voluntary Offsetting
  • Not applicable
  • Other, please specify

[Add Row]

Requested content

General

  • If you select “Other, please specify”, provide a label for the Project type, Verified to which standard or Purpose, e.g. compliance.

Project-based carbon credit types

  • Credits can be originated by a variety of projects and for several markets, which configures several project-based carbon credit types.
  • Examples of project-based carbon credits include:

- Certified Emission Reductions (CERs) generated by activities under the Clean Development Mechanism (CDM);
- Emission Reduction Units (ERUs) generated by activities under the Joint Implementation mechanism; and
- Voluntary Emission Reductions (VERs) generated by activities that reduce emissions, but do not result in the creation of compliance-grade carbon units.

Credit origination or credit purchase (column 1)

  • Credit origination - Select this option if you are the company to which the credits are originally issued (e.g. you are one of the participating entities of a Clean Development Mechanism (CDM) project and you are entitled to a share of the credits issued by the CDM registry).
  • Credit purchase - Select this option if you bought the credits from another company.

Number of credits (metric tons CO2e) (column 5)

  • Enter the total number of annual credits that you have originated or purchased in metric tons CO2e based on the figures supplied in the agreements.
  • The number of credits reported should be the credits that were originated in the reporting period, irrespective of whether you have already sold them and of whether they have been canceled or not.

Number of credits (metric tons CO2e): Risk-adjusted volume (column 6)

  • Credits are sold at different stages in the life cycle of a project and therefore the volume of credits predicted will be adjusted according to different criteria, such as sector of project, stage of project, etc.
  • Use this column to enter the number of annual credits that you are originating (in the pipeline), or, when you have purchased projects/credits that are still in the pipeline, provide a risk-adjusted figure (in metric tons CO2e) according to the level of risk.
  • For the most part, this column applies to CDM projects that are in the pipeline and are not yet approved. Often the actual GHG reductions from a project are lower than initially forecasted, largely due to the materialization of risks associated with the project. This uncertainty means that these credits can usually be purchased at a significantly lower price than credits pertaining to more advanced stages of a project. Credits that are not yet produced in the CDM register, or in other words those that pertain to a project that is in its initial stages, are adjusted according to the risk factors and measured in “risk-adjusted volume.” If companies have no risks associated with their credit portfolio, then risk-adjusted volume can be equal to “number of credits.”

Credits canceled (column 7)

Purpose, e.g. compliance (column 8)

  • [Financial services only] “Other, please specify” can be used by banks and asset managers to solicit information on the approch to offsets to meet commitments under the Net-Zero Banking Alliance and the Net Zero Asset Managers initiative respectively, e.g. if the offsets are used to balance residuals, long-term, additional and certified, and only used where no alternatives to eliminate emissions exist.