The PeriCarbon Standard combines technological advancements with a focus on social, environmental, and economic benefits to drive forward climate-conscious solutions and net-zero initiatives.
The PeriCarbon Standard sets a new precedence on how we can achieve sustainability within small-to-medium-sized-businesses globally. Our approach involves immersing technological innovation alongside business through an extensive process of validation. Each project is tailored to the adopter and technology that offers a tangible impact with numerous co-benefits.
What sets PeriCarbon apart?
Our holistic approach incorporates all scopes of carbon accounting. The GHG Protocol Corporate Accounting and Reporting Standards provide requirements and guidelines for corporations to classify their GHG emissions, which are divided into three categories (Scopes) for accounting and reporting purposes. Most companies tend to focus on their own Scope 1 or 2 emissions and neglect the potential for reducing Scope 3 CO2 emissions through the promotion and incentivization of their supply chain network. In certain cases, Scope 3 emissions can account for as much as 80% of a company's total carbon emissions.
An ambitious standard focused on Net-Zero
Net zero refers to the concept of balancing the amount of greenhouse gases (GHGs) emitted into the atmosphere with an equivalent amount of GHGs removed from the atmosphere. Achieving net zero GHG emissions means that all scopes, or sources of GHG emissions, are accounted for and either reduced to zero or offset through GHG removal. Our organization aims to combat climate change by supporting initiatives that achieve net zero.
Our Net-Zero definition is based on the work of Oxford: Link
There are numerous solutions that can make a major difference in addressing climate change in daily life. These include biofuels, restoring topsoil for agriculture, reducing water/ electricity usage, recycled building materials, landfill avoidance, and more. Our goal is to incentivize the uptake of these innovations to enhance the sustainability of our modern world.
Baseline and Credit Quantification
This step establishes a baseline for the emissions from a project or activity, and calculates the reduction in emissions compared to the baseline to determine the quantity of carbon credits that can be generated.
Monitoring, Reporting, and Verification
This involves ongoing monitoring of emissions and reporting of data to ensure that the reductions are being made and can be independently verified. Independent third-party auditors are used to confirm the emissions reductions. Our monitoring system utilizes real-time, cloud-based data to provide precise evaluations of the effects produced by certain technological innovations.
The concept of additionality states that the emissions reductions would not have occurred without the carbon offset project and that the project represents a real and additional reduction in emissions compared to a business-as-usual scenario.
The permanence of the emissions reductions is ensured by ensuring that the reductions achieved by the carbon offset project will not be reversed in the future.