iSwitch2Green Carbon Credit Offset
The world is moving towards a more carbon neutral footprint. At iSwitch we are not only committed to help you save on your electricity but also helping you to offset your carbon emissions. The iSwitch2Green product allows consumer to offset their carbon emissions through the purchase of UN Certified Carbon Credits.
Here’s how it works
Carbon credits are generated and issued by United Nation certified projects.
Based on your energy usage, we can estimate your impact by calculating the carbon emissions you are responsible for. iSwitch will then obtain carbon credits on your behalf.
These credits allow you to offset your use of electricity to become carbon neutral. iSwitch will issue a formal certificate of retirement with UN generated serial number relating to your specific project.
You demonstrate a concious effort towards making Singapore more sustainable.
Our Customers' Experience
Ms. Harpreet Bedi
“iSwitch understands our business needs and directions. Besides reducing our electricity bills, as part of our CSR drive to support environmental sustainability, hotel vagabond Singapore is proud to be the first Carbon Neutral hotel in Singapore and iSwitch.”
“iSwitch has allowed us to create a sustainable and low carbon global community, through the take up of the iSwitch2Green product. By choosing to procure 100% carbon neutral electricity until the end of 2020, we are not only supporting renewable projects such as wind farms but also setting an example for our 2000 students. This initiative will filter down through to the next generation and help in the education and promotion of sustainable initiatives.”
What is the iSwitch2Green product?
iSwitch’s carbon efficiency program is committed to supporting renewable initiatives – a key part in the company’s Corporate Social Responsibility goals. We intend to purchase sufficient United Nations certified carbon credits for selected customers. With the iSwitch2Green product, the conventional electricity consumed in your facility purchased through iSwitch will be offset by carbon credits throughout the duration of your contract. We will provide you with a UN backed certification that will provide a credible tick against a carbon neutral claim towards your electricity usage.
What does it mean to be iSwitch “carbon neutral”?
By being “carbon neutral”, your company will have achieved a state in which the net amount of carbon dioxide emitted into the atmosphere as a result of your electricity consumed is fully offset by actions to reduce or offset these emissions.
What are the benefits of iSwitch2Green?
– Achieves carbon footprint reduction targets set by the company.
– Creates brand differentiation and associations with new clients and customers. Your company can serve as a leader on sustainability and climate action.
– Enhances Corporate Social and Environmental Responsibility initiatives and marketing purposes, giving them a competitive edge.
– Prepares and complies with regulations established through government policies.
– Supports sustainable development by financing clean energy projects mostly found in developing countries. Many of these projects also prioritize community development focused on education and health.
What other countries and cities have a Carbon Scheme?
There are 46 other countries and cities worldwide that promote carbon emissions offset and encourage carbon footprint reduction.
Carbon Credits FAQ
What are Carbon Credits?
They are tradable certificates which are linked to a project or activity that reduces carbon pollution. One certificate will offset one tonne of carbon dioxide equivalent in the atmosphere. For example, building a wind farm would reduce the need to generate from coal and would therefore reduce the amount of carbon pollution being emitted. The wind farm developer would be issued with carbon credits from the United Nations, which he can then trade to help fund the wind farm.
How did Carbon Credits come about?
They are the most commonly used mechanism to put a price on carbon and to help encourage and legitimately measure carbon reduction activities. They are transferable certificates and the owner holds the right, or claim to offsetting against their carbon liability. They are also used to fund new initiatives and projects because the carbon credits that are generated will have a value.
How do I know if the Carbon Credits are legitimate?
Carbon credit offsets are legitimatized though certificates, such as Certified Emission Reductions (CERs) credits, which go through stringent standards of auditing and international approval processing under the United Nations Framework Convention on Climate Change (UNFCCC).
How are Carbon Credits valued?
Each type of carbon credit certification has its own distinct value, depending on the type of credit it is. The most widely accepted certification standards are the Voluntary Carbon Standard (VCS), the Social Carbon Standard, the Gold Standard and the International Renewable Energy Certificates Standard (I-REC Standard). As they are a tradable product across many exchanges, their value is transparent and measurable.
How do I use and retire my Carbon Credits?
Every carbon credit used to offset your greenhouse gas emission will go through a retirement process. This is done through the services of an authorized registry organization. Once retired, the carbon credit can no longer be used. Retirement is the final stage of the lifecycle of a carbon credit. It prevents the retired carbon credit to be sold more than once.
What is a Certificate of Retirement?
A Certificate of Retirement serves as an official record of retirement of a carbon credit, highlighting the following:
- The name of the user of the certificate
- The standard type
- The unique serial numbers
- The name of the organization that issued the certificate
Why do I need Carbon Credits?
The world is moving towards a more carbon neutral footprint. Countries around the world, including Singapore, are considering how best they can fight against climate change. With Carbon Credits ultimately purchased and retired by an end user, it means you can offset your carbon emissions. These Carbon Credits provide a type of proof that your actions did offset pollution.
Carbon Credits Resources
United Nations Framework Convention on Climate Change
The United Nations Framework Convention on Climate Change (UNFCCC) is an international environmental treaty negotiated at the Earth Summit in Rio de Janeiro from 3 to 14 June 1992, then entered into force on 21 March 1994. The UNFCCC objective is to stabilize greenhouse gas concentrations in the atmosphere at a level that would prevent dangerous anthropogenic interference with the climate system.
National Climate Change Secretariat
The National Climate Change Secretariat (NCCS) was established on 1 July 2010 under the Prime Minister’s Office (PMO) to develop and implement Singapore’s domestic and international policies and strategies to tackle climate change.
Certified Emission Reduction (CERs) credits
CERs, each equivalent to one tonne of CO2, are earned by emission-reduction projects in developing countries and issued by the United Nation’s Clean Development Mechanism (CDM). These CERs can be traded and sold, and used by industrialized countries to a meet a part of their emission reduction targets under the Kyoto Protocol.
Verified Carbon Standard (VCS)
VCS develops and manages standards that help countries, the private sector and civil society achieve their sustainable development and climate action goals.
Social Carbon Standard
SOCIALCARBON is a standard developed by the Ecologica Institute that certifies carbon reduction projects for their contributions to sustainable development.
The Gold Standard is a standard and certification body that is established in 2003 by WWF and other international NGOs to ensure that energy projects, developed under the UN’s Clean Development Mechanism (CDM), delivered genuine emission reductions and long-term sustainable development.
International Renewable Energy Certificates Standard (I-REC Standard)
The International REC Standard (I-REC Standard) is a nonprofit foundation providing a standard for energy attribute tracking systems with the goal of empowering electricity purchasers to make informed renewable consumption choices.
Climate Resources Exchange (CRX)
CRX offers an array of services directed at energy efficiency, clean energy and renewable energy.
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