Global Carbon Exchange (“GCX”) is a company focussed on assisting organisations and businesses meet their pledge to mitigate climate change by reducing greenhouse emission through the provision of carbon credits on a local and global basis.
Sources of Carbon Credits
At GCX we only source carbon credits that are verifiable and auditable from sites and locations that comply with the United Nations Climate Change Reporting and Review Protocols 2015 Paris Agreement and updated at the Glasgow COP 26 conference.
We deal in the following types of carbon credits generated by:
Energy produced by solar is virtually CO2 Free and is verifiable at source of energy supply
renewable energy produced is from waste and not fossil fuels, reduces the amount of CO2 produced per Megajoule (MJ) of energy produced and is verifiable at source of production
Carbon in Soil
Assisting farmers IMPROVE their farming methods can increase the carbon soil composition with the added benefit of increased farming yields. The increase in carbon soil sequestration is verifiable through annual sampling and satellite thermal imaging
GCX provides strategies and products to enable a low-carbon, climate-resilient businesses.
Gold Standard Carbon Credits*
Verifiable, auditable carbon credits.
*All Gold Standard carbon credits represent the reduction or removal of one tonne of CO2 equivalent (tCO2e), plus the Sustainable Development Goals (SDG) and benefits associated with the project from which they are issued. Buyers of Gold Standard carbon credits are able to use Certified Emission Reductions (CERs) status for compliance targets.
Design, development and integration of renewable energy projects, including scaling up sustainable technologies
Clean/sustainable technology capital funding
Provision of debt, equity and leasing options to clients including co-ownership of projects
Significant expertise in emerging markets
International Renewable Energy Certificates (IREC) trading
Frequently Asked Questions
The solution is, in a way, quite simple. We need to reduce all human made greenhouse gas (GHG) emissions to zero. Ultimately this will be achieved by:
- Fully Decarbonising Electricity Generation (making it zero carbon e.g. from renewable energy sources)
- Fully Decarbonising Transport (cars, trucks, aircraft, ships etc.)
- Stopping Deforestation (this currently contributes around 10% of global greenhouse gas emissions)
- Planting lots more trees (trees sequester the carbon already in the atmosphere and store it away)
- Reduce emissions from farming / agriculture
Whilst positive progress is being made in many of these key areas, there is still much more to be done. Until we reach these goals we also need to reduce energy consumption across the board to slow down the rate of climate change.
Carbon offsetting is about funding projects around the world that help reduce carbon emissions by a measurable and verifiable amount. Without the extra “carbon finance” from people or organisations offsetting their emissions, these projects would not have happened.
Individual carbon offset projects around the world are being set up thanks to carbon finance provided by individuals and organisations offsetting their emissions. These projects include renewable energy generation, improving energy efficiency, reducing deforestation and planting more trees. The projects Global Carbon Exchange supports are projects that meet the leading international carbon offsetting standards and are rigorously inspected and regularly audited to assure that they are generating the carbon reductions. Carbon credits are only issued once these carbon savings have been made and verified. These carbon credits can then be purchased and used to offset the unavoidable emissions of other individuals and organisations (‘carbon offsetting’).
Your offsetting programme with Global Carbon Exchange is focused on retiring these carbon credits so that they cannot be used by other individuals or organisations. This then encourages the development of more carbon reduction programmes.
It is not currently possible to reduce emissions to zero on a global level. There presently isn't enough renewable (or zero carbon) electricity to meet the global energy demand. There isn't anywhere near enough zero carbon forms of transport that can be practically used to meet the needs of international trade. No matter what you do to reduce your energy consumption and carbon footprint you are almost certainly going to still be responsible for some carbon emissions - not just from your direct energy usage, but indirectly from things you buy and services you use.
By supporting carbon offsetting projects, you are supporting the solutions to climate change, through choosing to help fund more renewable energy production; help fund improved efficiencies in developing countries; help fund teams working to reduce deforestation (which currently contributes around 20% of global greenhouse gas emissions); and helping plant more trees to capture and store carbon that has already been emitted into the atmosphere.
Carbon emissions do not respect international borders; as the CO2 enters the atmosphere, it spreads out and has an impact on the global climate. This means that 1 tonne of CO2 emissions emitted in Mumbai is the same as 1 tonne of CO2 being emitted in Brisbane. This is the reason why we can compensate carbon emissions by supporting projects in other nations.
The solution to climate change cannot be provided by one country going zero carbon - we need global energy supply and global transportation to also be zero carbon, as well as helping protect established forests (the carbon stores) from deforestation. Supporting and encouraging more and more projects like these around the world through finance initiatives is a significant part of the solution to climate change. Whilst governments (around the world) delay in providing the funding and support needed for these project, you have the chance to step up and help out by offsetting your emissions.
In a perfect world, every organisation would be able to reduce its carbon emissions to zero – and perhaps even be net positive (e.g. with sufficient access to on-site renewable power and export to the National Grid). In practice, this is far more difficult, not only down to capital investment needs, but also cultural barriers and supply chain decisions (particularly relating to transport/travel).
There are several further benefits for offsetting with projects outside your own organisation. Frequently these projects are more cost effective than reducing CO2 on-site (this can cost in excess of 10 x more depending on where your organisation is located). Also, frequently the projects are located in developing countries where additional benefits include local employment, health and education.
The vast majority of organisations claiming carbon neutrality are achieving this with at least some carbon offsetting. Brands that offset include Microsoft, DHL, Telstra etc., whilst having programmes to reduce emissions they also support global carbon offsetting initiatives - recognising the importance of the global solution.
Global Carbon Exchange certifies under the VERRA ( Verified Carbon Standard) process and aligns with the Sustainable Development Goals (SDG’s)
Carbon offsets are retired on international carbon registries – such as Markit, APX and Gold Standard, Clean Energy Regulator these will either be retired in the name of Global Carbon Exchange or in the name of the client (as requested by the client). All Global Carbon Exchange retirements are available for audit as part of the verification process to check that we have retired enough carbon credits of the appropriate type and standards to meet all our annual carbon offset sales.
You may also chose a carbon offset project that has a high level of synergy with where your offices/key clients/stakeholders are located and it is then a key way to ‘give back’ to those communities.
Alternatively, you may have chosen a project that is synergistic with your organisation’s line of business – e.g. a clean water borehole project for food and drinks company or a landfill gas reclaim project for a waste management business.
For both these examples, your choice is strategic and needs to be communicated in this way to your audience and markets.
Find the right Sustainability Solutions to reach Net Zero
Get in Touch
If you would like to know more about how we can help, please email us.