Peer Reviewed Offsets
When an institution of higher education makes the decision to develop a carbon offset project that will not be independently certified by an accredited third-party verifier, one of the next initial decisions to make is whether to use an accepted protocol from an existing GHG program or to develop / use an Innovative Offset Protocol.
Peer Reviewed Projects use accepted protocols from existing GHG programs (CAR, VCS, Gold Standard, etc.). The primary difference between these and traditional third-party verified offsets is that Peer Reviewed Projects utilize the process of Peer Verification to authenticate the offsets that are generated instead of paying for a formal third-party certification. Thus, while Peer Reviewed Projects produce legitimate offsets which are recognized by Second Nature as acceptable to offset Scope 3 emissions up to 30% of total emissions, these are non-marketable carbon credits.