What follows is an introductory overview of the work Compassion Carbon is undertaking. We operate within each tier, having a purpose and methodology behind each.
Values based investment in restoring landscapes and the communities that depend on them
Voluntary Carbon Offsets
Emissions reduction and removal through quantified carbon impact or verified carbon credits
Nationally Determined Commitements
Pledges made in support of the Paris Agreement
The first tier allows individuals and businesses to immediately engage in global reforestation through any one of Eden's countries of operation (currently 9 and expanding every year). These project sites provide internal monitoring and accountability through on the ground team engagement and reporting to the donors through photos, written updates, and annual reports on planting activities. There is no quantification of carbon at this level but the work does have impacts on carbon, contributes positively to environmental restoration, and has genuine social impact as the surrounding communities are transformed through access to fair labor and living wages.
Philanthropic Reforestation is ideal for individual or corporate clients who are motivated by a sense of social responsibility or internally held values that have direct environmental objectives. Additionally, some organizations may have majority owners, such as shareholders or key executive stakeholders, which are motivated by global citizenship goals measured in emissions.
Voluntary Carbon Offsets
Quantified Carbon Impact
For a quantified carbon project, we apply a more rigorous methodological process than philanthropic reforestation, in line with the globally-recognized quantification methodologies, based on the principles provided by the Intergovernmental Panel on Climate Change (IPCC) and aligned with Registry Standards. A quantified carbon project begins with historical modeling through independent digital sources (also used by the Standards organizations) to create a historical baseline. Then planting and other restoration activities are implemented. Periodic digital evaluations will continue over the life of the project as part of the commitment to Monitoring, Reporting, and Verification (MRV) processes in keeping with IPCC best practices.
As a result, Compassionate Carbon can provide a client with accurate data to project and support the net carbon stock change over time of a specific site which can be used in making qualitative and quantitative claims of the carbon impact achieved through a given project. Quantitative carbon is a reported value based on independently sourced data, but importantly, it is not a Carbon Credit and cannot be used for industry or regulatory compliance obligations nor can it be sold or traded and has no transferable value.
Quantified Carbon projects are ideal for clients who are motivated by internal values, some aspect of environmental and social governance (ESG), voluntary commitments, and those desiring externally quantified carbon impact data to support company claims, such as those in net-zero commitments. Quantified Carbon additionally adds the co-benefit impacts of the Philanthropic work to provide a robust narrative of environmental and social good.
Verified Carbon Credits
Both Quantified Carbon and Verified Carbon are estimates of carbon impacts with the first accounting for net change of carbon stock while the second is expressed as a carbon credit. A Verified Carbon project is “verified” because it follows an independent Standards Organization’s specifications, quantification methodologies, monitoring, and reporting requirements. Carbon Standards organizations include Verra’s Verified Carbon Standard (VCS), The Gold Standard, and others. Each standard has a defined process and established criteria for various types of restoration work for generating carbon credits, with one carbon credit corresponding to one metric tonne of carbon dioxide equivalent (tCO2e) prevented from entering the atmosphere, or removed from the atmosphere. These credits may be used, or traded globally to meet internal targets, meet global emission reduction targets, or meet obligations for industry specific compliance.
Similar to Voluntary Quantified Carbon, Verified Carbon projects are ideal for clients who are motivated by internal values, some aspect of environmental and social governance (ESG), voluntary commitments, and those desiring independently verified carbon impact claims to meet company goals, with the distinction that Verified Carbon projects produce a fungible, tradeable asset for the company.
Nationally Determined Commitments
According to the United Nations, 191 Parties (190 countries plus the European Union) have ratified the Paris Agreement. The Agreement includes commitments from all countries to reduce their emissions and work together to adapt to the impacts of climate change, and calls on countries to strengthen their commitments over time.
Compassionate Carbon works with sovereign states to provide nature based solutions through restoration for meeting their global emissions targets also referred to as Nationally Determined Contributions (NDCs). Each nation has multiple pathways to employ in order to meet these targets and restoration is one of them. Additionally, the Paris Agreement has created a pathway for nations with low emissions, but high mitigation potential, to trade a form of credit directly between each other (instead of trading on the carbon market) through an arrangement referred to as ITMOs (Internationally Transferred Mitigation Outcomes).