Carbon Credits

Carbon Credits

Did you know that a medium-haul flight, 5,000 to 8,000 kilometres driven in a car, or using streaming services for one year each produce about one tonne of CO₂? While living without streaming services is possible, emissions from many operational processes cannot easily be avoided.

Especially for many greenhouse-gas-intensive business processes in the industrial sector there are currently not yet any alternatives. Also, most products still have a Product Carbon Footprint (PCF). These unavoidable emissions can be balanced by purchasing and retiring Carbon Credits.

What Are Carbon Credits?

Carbon Credits are an essential element of a stringent and credible sustainability strategy, because offsetting with Carbon Credits is not based on a rough estimate, but is transparent and clearly calculable: one Carbon Credit equates to one tonne of greenhouse gases. By purchasing Carbon Credits, you invest in a climate protection project of your choice to either avoid the release of greenhouse gases to the atmosphere or the removal of existing emissions outside your own value chain.

How Carbon Credits Work in Practice

Companies purchase a certain amount of Carbon Credits and receive a one-off certificate upon retirement or cancellation, which permanently documents the individual contribution to climate protection. This mitigates the emissions, for example an annual CO₂ output, via a voluntary contribution. In this context, it is important to identify reputable projects and providers.

This Is What thyssenkrupp Materials Trading’s VCC Desk Offers

It is normal that the dynamic Carbon Credits market seems confusing at first glance. The VCC Desk provides clarification and offers you a tailored access point into the topic of Carbon Credits with the help of our extensive consulting services.

It functions as a central contact point and one-stop-shop for high-quality emission certificates.

• Consulting: We advise you about how to optimally utilize Carbon Credits in your sustainability and ESG strategy.

• Selection: We help you choose and check the suitable Carbon Credits from the international project pool.

• Handling: We support you in handling emission reduction certificates, from procurement to retirement or cancellation.