Characteristics of eligible carbon credits

Not double-counted

Additional

Carbon credits must not be counted, and hence used, more than once.

Carbon credits must be additional, representing projects that would not have happened without the carbon credit market.

Real

Quantified and verified

Carbon credits must have been calculated based on a realistic and conservative estimate of the amount of emissions that would have occurred without the carbon offsetting project.

Carbon credits must have been calculated based on a conservative and transparent methodology, and must have been verified by an accredited and independent third-party verification entity.

Permanent

No net harm

Carbon credits must not be reversible.

The project or programme that generated the carbon credits must comply with any relevant laws, regulatory requirements, or international obligations of the host nation.

No leakage

The project or programme that generated the carbon credits must not end up with an increase in emissions elsewhere.

Source: Ministry of Sustainability and the Environment and the National Environment Agency of Singapore

Characteristics of eligible carbon credits

Not double-counted

Carbon credits must not be counted, and hence used, more than once.

Additional

Carbon credits must be additional; representing projects that would not have happened without the carbon credit market.

Real

Carbon credits must have been calculated based on a realistic and conservative estimate of the amount of emissions that would have occurred without the carbon offsetting project.

Quantified and verified

Carbon credits must have been calculated based on a conservative and transparent methodology, and must have been verified by an accredited and independent verification entity.

Permanent

Carbon credits must not be reversible.

No net harm

The project or programme that generated the carbon credits must comply with any relevant laws, regulatory requirements, or international obligations of the host nation.

No leakage

The project or programme that generated the carbon credits must not end up with an increase in emissions elsewhere.

Source: Ministry of Sustainability and the Environment and the National Environment Agency of Singapore

Characteristics of eligible carbon credits

Not double-counted

Carbon credits must not be counted, and hence used, more than once.

Additional

Carbon credits must be additional, representing projects that would not have happened without the carbon credit market.

Real

Carbon credits must have been calculated based on a realistic and conservative estimate of the amount of emissions that would have occurred without the carbon offsetting project.

Quantified and verified

Carbon credits must have been calculated based on a conservative and transparent methodology, and must have been verified by an accredited and independent verification entity.

Permanent

Carbon credits must not be reversible.

No net harm

The project or programme that generated the carbon credits must comply with any relevant laws, regulatory requirements, or international obligations of the host nation.

No leakage

The project or programme that generated the carbon credits must not end up with an increase in emissions elsewhere.

Source: Ministry of Sustainability and the Environment and the National Environment Agency of Singapore