How Carbon Offsets Help Accelerate Decarbonization

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's carbon offset consultants 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.

Why Use Carbon Offsets or Renewable Energy Credits?

Carbon 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 natural carbon removal machines (forests, wetlands, etc.).

Are Carbon Offsets Credible?

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.

Financial and Reputational Risk Management

ENGIE Impact works with clients to define their carbon offset strategy and procure renewable energy credits by leveraging extensive industry knowledge to facilitate a comprehensive RFP process. We also actively participate in the Taskforce for Scaling the Voluntary Carbon Market (TSVCM) initiative, serving on the offset quality and governance working groups, which are designed to drive the development and implementation phase of this initiative.