More than 40,000 tons of CO2 emissions per year are saved due to HELIOZ’s climate and water projects.
Together with international and local partners, HELIOZ has been successfully implementing climate and water projects with a social and ecological impact for several years. In the course of the planned large scale climate project in India, per year up to 300,000 t of CO2 will be saved. These savings are achieved through the focus on solar water disinfection with WADI instead of boiling water with firewood. With those carbon savings, CO2 certificates can in turn generate for the voluntary carbon market.
How are CO2 certificates created?
HELIOZ is setting up the project in India according to the criteria specified by the Gold Standard– the leading standard for verified emission rights on the voluntary market. The Gold Standard has a specifically developed methodology which clearly specifies how activities in India save CO2. These savings are documented annually in accordance with the Gold Standard and verified by an independent auditor. Based on the auditor’s report, the CO2 savings are recognized then the corresponding number of CO2 certificates are issued and finally transferred to the project owner.
How are the certificates traded?
The certificates have their own registration number and can be traded. They are therefore transferable and are offered to companies that use them in the course of corporate social responsibility activities or to offset CO2. As soon as a company buys certificates and includes them into their carbon footprint, the certificate must be decommissioned. As a result, they can no longer be transferred – double or multiple counting is avoided.
The CO2 certificates are administrated on platforms such as the Environmental Registry of the HIS Markit. End customers obtain the certificates from project developers such as HELIOZ or intermediaries such as myclimate, ClimatePartner or Climate Austria. The negotiation therefore often takes place in the context of consulting services.
Which factors influence the price of the certificates?
The price of certificates depends on various factors. The most relevant are:
- Project type (certificates from large energy projects are for example, cheaper than from water projects)
- Vintage (How old is the certificate? When did the CO2 savings take place?)
- Co-benefits (which impact is realized in addition to the CO2 savings? Which sustainable development goals are addressed in the project?)