The SOCIALCARBON Standard is a certification adept at bringing demonstrable social, environmental and economic benefits to the stakeholders of carbon offset projects. SOCIALCARBON:
- Improves projects’ social and environmental benefits.
- Helps project developers identify areas for project improvement and measure the impact of changes in these areas.
- Provides opportunities to involve local stakeholders, enabling them to share the benefits from carbon offset projects.
The Standard is widely applicable to all project types and countries:
As an additional Standard for co-benefits, SOCIALCARBON can be used together with any other carbon accounting standard (e.g. VCS, CDM, CAR or others) and may be adapted to suit different types of projects, including hydropower plants, landfills, fuel switching, forestry and others.
SOCIALCARBON theoretical framework is based on the Sustainable Livelihood Approach (SLA), a world wide methodology used in planning new development activities and assessing the contribution that existing activities have made to sustaining livelihoods. The SLA method is applied by several NGOs and multilateral institutions, such as: CARE, OXFAM, World Bank, FAO (Food and Agriculture Organization of the United Nations) and the UNDP (United Nations Development Programme). Its holistic approach and flexibility allow small organizations and large enterprises alike to apply it with reliable and efficient results.
SOCIALCARBON provides flexible and comprehensive criteria:
SOCIALCARBON is unique among standards for co-benefits because it is not selective; rather, its criteria and procedures are flexible, to adapt to different realities and include local stakeholders perspectives in the assessment and planning of a carbon offset project. The emphasis on project betterment over time allows developers to identify and improve upon project deficiencies and more easily effect positive change.
The Standard’s criteria for co-benefits are very similar to the concept of emission reductions:
- Project developers establish a baseline using the Standard’s indicators that point to degrees of sustainability correlated to six resources: social, human, financial, natural, biodiversity and carbon.
- Developers must then demonstrate that there is an improvement along the lifetime of the project in relation to this baseline through SOCIALCARBON monitoring reports, which are independently verified.
SOCIALCARBON Improves the attractiveness of the carbon credits for buyers:
According to Bloomberg and Ecosystem Market Place, SOCIALCARBON adds significant premium prices value to VERs. Price may be up to 80% higher when compared to common VCUs.