Carbon Project End to End
Process for carrying out a Carbon Project Development
Activity Mapping
Data Collection & Processing
Calculation
Results
Reporting & Action
International company activities
Scope 1
Supply chain and energy activities
Scope 2
Scope 3
Spend data
How much spent on a purchased goods or service
Activity Data
Amount of a particular product or material
Conversion factors
Converting data into unit of measurement
Emission factors
Translating data into GHG emissions
Spend-based emission factors are typically built on industry averages
Activity-based emission factors are often taken from scientific studies and are more regular
Target setting
Reduction Initiatives
Regulatory requirement reporting
Communication and branding
The process of developing a carbon project typically involves the following steps:
1. Identifying the opportunity: Evaluate the potential of the project by assessing the source and type of emissions and the availability of local regulations and incentives.
2. Conceptual design: Develop a preliminary design of the project, including an estimate of emissions reductions and the costs involved.
3. Feasibility study: Conduct a detailed analysis of the technical, financial, and environmental feasibility of the project, including the potential for emissions reductions and the costs and benefits of different options.
4. Project design: Develop a detailed project design that takes into account the results of the feasibility study, local regulations and incentives, and any potential barriers to implementation.
5. Securing financing: Identify and secure funding for the project, either through grants, loans, or investment from private or public sources.
6. Implementation: Install and operate the carbon reduction project, including any necessary monitoring and reporting.
7. Monitoring and verification: Monitor the project’s emissions reductions and verify its compliance with relevant regulations and standards.
8. Carbon credits generation: Generate carbon credits through the verification process, which can then be sold on carbon markets.
9. Continual improvement: Continually evaluate the project’s performance and make adjustments as necessary to ensure its continued success.