The Core Carbon Principles (CCPs) are designed to define a threshold standard for voluntary carbon market projects. The CCPs are evaluated against an Assessment Framework created by the Integrity Council for the Voluntary Carbon Market (ICVCM), an independent governance body for the voluntary carbon market.
All projects on this portfolio follow CCP-approved methodologies and as more project methodologies are approved, we will add more CCP-approved project types to the portfolio.
An example of one of the projects your purchase will support is Dhaka Methane Leak Repars, Bangladesh registered under the UN Clean Development Mechanism (CDM) and Verified Carbon Standard (VCS).
Challenge: Over 21 million people live in Dhaka, the capital city of Bangladesh, and rely on natural gas networks in disrepair. Gas leaks from the aging infrastructure network mean unreliable service and harmful methane emissions. Reducing methane leakage is an international priority.
Solution: This successful CDM project has transferred to the VCS to continue issuing credits to finance the training and adoption of new technology, called Leak Detectors and Hi-Flow Samplers, to find and repair gas leaks. Advanced sealant materials are used to ensure long lasting repairs.
Impact: To date, the project has trained 70 locals, plus 30 support staff, who have checked over 500,000 gas risers and fixed over 37,000 leaks. Reducing methane emissions is particularly important as methane is 20 times more potent as a greenhouse gas than carbon dioxide.
