Traditional projects are developed, implemented, and verified according to third party standards. Offsets generated from these projects can be sold (on the voluntary market) and retired; information about these offsets is stored in carbon registries. In 2016, 99% of offsets sold to voluntary (that is, non-regulated) buyers were certified by a third-party standard. To prove that real emissions reductions have taken place, project developers pay auditors to assess the project’s integrity initially, and then return to verify the emissions reduced after a project is operational.
Duke University Loyd Ray Farms
In collaboration with Google Inc. and Duke Energy, the Duke Carbon Offsets Initiative (DCOI) has assisted in the design and implementation of an anaerobic digester that converts swine waste into methane, a potent greenhouse case, which is used to generate renewable energy on-site.
Colgate’s Patagonia Sur Project
In partnership with the company Patagonia Sur, Colgate University embarked upon a project to plant 225,000 native trees on 430 acres of ecologically degraded land in Chile’s Aysén Region of Patagonia.
University of Florida Voluntary Offset Program
The Neutral UF Coalition is an innovative carbon offset program that allows University of Florida employees to voluntarily offset the carbon emissions associated with their daily commutes to and from campus.