Green Coin Carbon Ratings & Standards Framework – Establishment of rating standards, verification, and protocol
GC intends to provide a framework encompassing a set of standards and ratings to record and track all emissions as they go from asset to product, from company to company, in order to influence supply chain decisions that will decarbonize industries. Currently, this method does not just require adding up direct emissions from customers and suppliers.
Instead, the emissions of a certain product are the share of emissions that were released during production of the product you purchased (embodied carbon) or as a result of the product you sold (downstream carbon). Because of the chaos, taking strategic action may seem difficult or impossible.
Additionality
The possibility that a credit purchased and retired doesn't result in the avoidance or sequestration of a tonne of CO2e that would not have occurred otherwise.
Non-permanence
The possibility that the carbon avoided or removed by the project won't do so throughout the duration of the commitment, plus any informational risks.
Illogical incentives
​The chance that a project will reap rewards, such as offset profits, encouraging behaviour that lowers efficacy.
Over-crediting
The possibility that a given project would issue more credits than actual tonnes of CO2e due to components like irrational baseline assumptions.
Leakage
​The chance that emissions a project avoids or removes are pushed outside its boundaries.
Policy implementation
The danger that the project's ability to reduce carbon emissions will be compromised by the political climate.