Carbon Offsetting and "Insetting," Renewable Energy Credits and other Environmental Attribute Commodities
Voluntary carbon markets are playing a central role in climate action strategies for corporations and governments alike. Alongside ambitious decarbonization goals to reduce business’ carbon footprint, high-quality greenhouse gas (GHG) offsets and clean energy certificates are unlocking more ambitious near-term action and delivering environmental and social co-benefits.
As a result, the demand for carbon offsets and renewable energy credits is rising, and company needs are becoming more complex. ENGIE Impact advisors have decades of experience in the carbon and renewable energy markets and are helping to shape the futures of those markets today, offering comprehensive support to address a broad range of environmental commodity needs.
Offsets and renewable energy credits help soften the hard edges of the transition to low or zero-carbon ways of working, producing and transporting. They enable companies to make a more significant contribution to climate action sooner and provide space to invest in developing and deploying transformational technologies within their businesses and supply chains. They also channel investment into critical decarbonization levers, including preservation, restoration, and regeneration of nature's carbon removal machines (forests, wetlands, etc.).
Over the past two decades, offset project developers have continued to pioneer innovative emission reduction technologies to advance progress to Paris Agreement Goals. Furthermore, voluntary offset standard organizations have made – and continue to make – great strides in developing robust and rigorous approval systems. Standards are continuously updated to ensure credits are legitimate and ‘additional’ to a business-as-usual scenario. However, not all standards or developers are created equal, making it difficult to navigate these evolving markets.
ENGIE Impact helps clients navigate rapidly changing market conditions, identify offset projects that support their unique sustainability story, and secure high-quality offsets and renewable energy credits now and long into the future.
ENGIE Impact is supporting EDF to convene a dialogue with approximately 30 influential stakeholders of a well-functioning voluntary carbon market - NGOs, Offset Standards and Corporations – to develop a broad consensus and recommendations for key challenges in the ever-changing market to enable the acceleration of corporate ambition.
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ENGIE Impact specializes in developing tailored solutions that go beyond carbon reduction, to facilitate environmental, economic and societal gains.