Technology & Data

BeZero Unveils Tool to Identify ‘Quality’ Carbon Credits  

Global carbon ratings agency BeZero Carbon has published a methodology that it claims enables organisations to calculate how many carbon credits they need to retire or buy to make credible net zero claims. This is achieved by estimating a discount factor for each rating bucket on BeZero’s eight-point rating scale, that can be used to calculate an over-purchasing factor per tonne required. Buyers or re-sellers will also be able to use new tools on BeZero Carbon Markets to calculate how many credits they should purchase in order to make a certain tonne-based claim, while accounting for the risks involved. Chief Innovation Officer and Co-Founder at BeZero Sebastien Cross said: “One of the biggest challenges facing voluntary carbon market is that all carbon credits have been treated as equal – this is simply not the case. Everyone knows quality isn’t binary. But we lack the framework and tools to reflect the fact that credits perform better than others. A risk-adjusted approach allows customers to select the quality of credits they invest in. This is essential to tackling a lack of confidence on the demand side, and helping scale the VCM effectively.”  

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