A carbon offset is a reduction or removal of greenhouse gasses that enables compensation for carbon emissions made elsewhere. Offsets are measured in tonnes of CO2-equivalent. The offsets are issued by projects, which resulted in real, permanent and measurable greenhouse gas emission reductions / captures.

Carbon offset credits can be produced by a variety of activities that reduce GHG emissions or increase carbon sequestration. In most cases, these activities are undertaken as discrete projects. Usually, carbon offset projects are implemented by project owners and project developers.

Project owner is the operator and owner of the physical project installation where the emission reduction project takes place. An owner can be any private person, company or other organization.

Project developer is a person or organization with the intention to develop an emission reduction project. This could be a consultant or specialized services provider.

Each carbon forward represents one tonne of carbon offsets that a project is expected to achieve according to its validated estimations. Purchasing a carbon forward is essentially a purchase of a carbon credit with a delayed delivery.

As noted by UNFCCC and other organizations, the application of DLT provides certain benefits to the carbon markets. The transparency and immutability enabled by this technology prevent the risk of double accounting, which is cruical for carbon markets. Integration of DLT with monitoring tools such as satellites, drones and IoT enables higher transparency, traceability and immutability of impact data. It also helps to assess sustainability risks and automate impact reporting.

The underlying technology is an open-source protocol built on Hedera Hashgraph. It is a carbon-negative distributed ledger network with low transaction fees. The cornerstone of this ecosystem is built around the Guardian, which is expected to become a game changer in environmental markets by offering greater auditability, discoverability and liquidity particularly with additional open source tooling around Automated Regression Market Makers.

First step for a project owner is to describe the initial project concept in a Project Idea Note. This information can be presented to various stakeholders as a teaser of your project.

Evercity connects a wide network of climate experts and stakeholders, so we will be happy to provide you with a matchmaking service to connect you with qualified partners for successful implementation of your project. Project developers and early investors can study your PIN and project card on Evercity Marketplace and get connected to proceed on your carbon credit project.By default we use three time periods: near-term (2021-2040), medium-term (2041-2060) and long-term (2061-2080). However we can customize these periods under your requirements.

Once you have completed and validated your PDD and registered your project, you may issue carbon forward contracts to attract early funding which will cover the implementation costs.

We provide our internal due dilligence to make sure that the platform is supplied is only with high quality carbon offsets, following the strictest market guidlines.

Yes, before being eligible to issue or purchase carbon instruments on Evercity Platform, all users undergo thorough KYC.