What Are Carbon Credits? | southpole.com

Global #sustainability organisation South Pole breaks down this complicated concept in a simple bite-sized video.

What Are #CarbonCredits? Chances are you've heard the phrase 'carbon credits' mentioned on the news or in companies’ sustainability plans. But what does it actually mean? How do carbon credits help combat #ClimateChange? How can companies reduce their #CarbonFootprint and offset their unavoidable emissions? And how does it all contribute to sustainable growth, healthier communities, and positive environmental and social impacts?

How did carbon credits come about? The international political response to climate change began in 1992 with the adoption of the UN Framework Convention Climate Change (UNFCCC). To boost climate action and the effectiveness of the UNFCC the Kyoto Protocol was adopted in 1997. Signatories of the agreement committed to reducing emissions by an average of 5.2% below 1990 GHG level by 2012. Emissions trading and Carbon Credits were decided to be the main mechanism for achieving this target and the international carbon market was established.

Developing emission reduction projects and mobilising climate finance is part of the DNA of South Pole. We are deeply committed to protecting and restoring critical ecosystems, increasing investment in renewable energy infrastructure and enabling companies to translate commitments into real action on the ground.

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About South Pole
South Pole is a leading project developer and provider of global climate solutions, with around 350 experts in 18 global offices. South Pole helps companies, capital markets, and the public sector reduce their impact on the climate while mitigating corporate risk and creating value. South Pole is a science-based company and its expertise covers project finance, data collection, and climate risk analysis, as well as the development of environmental commodities such as carbon and renewable energy credits. South Pole has mobilised climate finance to over 700 projects that reduce greenhouse gas emissions in areas such as renewable energy, energy efficiency and sustainable land use. Follow #OurClimateJourney.