All Updates

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Product updates
BeZero Carbon introduces new method for retiring carbon credits
Carbon Management Software
Sep 7, 2023
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Carbon Management Software

Carbon Management Software

Sep 7, 2023

BeZero Carbon introduces new method for retiring carbon credits

Product updates

  • BeZero Carbon has released a white paper introducing its new methodology for discounting carbon credits in the voluntary carbon market (VCM). It is formulated to assist customers in understanding how many credits they should purchase to make a tonne-based claim. When a buyer claims one tonne of carbon credit, which represents a tonne of carbon removed from its carbon footprint, that carbon credit is considered retired.

  • BeZero has assigned an estimated discount factor for each level of its carbon credit rating scale for buyers to calculate the amount of credits they should purchase to make a tonne-based claim.

  • This new framework helps buyers retire carbon credits based on project-level quality and avoid double counting in the registry. In addition, companies could account for the risks of carbon credit projects and make informed claims in the VCM. 

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