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Life Cycle of aVoluntary Carbon Credit
A carbon reduction or removal project is created and developed.
The project is verified by one of the 6 global carbon offset verification agencies.
Once the project has been verified, the quantum of carbon removed/reduced in each year/vintage is audited by independent auditors
Carbon credits are logged on the verification agencies’ registry.
The Project developer sells carbon credits to corporates looking to offset carbon emissions.
Corporate retires carbon credit against its emission and the credit is removed from the agencies’ registry to ensure against double-counting.