The Climate Action Reserve is a national offsets program focused on ensuring environmental integrity of GHG emissions reduction projects to create and support financial and environmental value in the U.S. carbon market. It does this by establishing high-quality standards for quantifying and verifying GHG emissions reduction projects, overseeing independent third party verification bodies, issuing carbon credits generated from such projects and tracking the credits over time on a transparent, publicly-accessible system. These standards not only ensure the environmental integrity of using offsets, but they also bring credibility and efficiencies to the carbon market by creating a trusted and valuable commodity.
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The Climate Action Reserve’s GHG emissions reduction project protocols provide regulatory-quality guidelines for project development and the quantification of carbon offset credits, known as Climate Reserve Tonnes (CRT). They are developed through a rigorous, transparent process that involves participation from stakeholders representing a variety of sectors, including industry, government, science, academic, public and environment. The protocols are widely regarded as among the highest quality standards for carbon reduction projects.
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Adherence to the Climate Action Reserve’s standards ensures emissions reductions associated with projects are real, permanent and additional. The Climate Action Reserve only registers projects that have been independently verified as adhering to its project protocols. It also assigns unique serial numbers to all generated carbon credits. This prevents the possibility of double counting and assures buyers that when a CRT has been retired, it cannot be sold or transferred again and has created a real and permanent offset. All project information is made publicly available through the Climate Action Reserve system.
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Industry reports indicate the market price for CRTs ranks in the top tier among carbon credits. CRTs can be traded in the voluntary carbon market or transferred into the Voluntary Carbon Standard’s unit of measurement, the Voluntary Carbon Unit (VCU).
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