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Carbon Projects & Offsetting
Carbon Credits, IRECs, Green-e RECs
Carbon Credits, International Renewable Energy Certificates (I-RECs), and Renewable Energy Certificates (RECs) are the primary instruments used to address Scope 2 electricity emissions and residual carbon positions — but each has specific standards, registry requirements, and limitations that determine their validity for regulatory and voluntary disclosures.
I-RECs are issued under the I-REC Standard (operated by I-REC Standard Foundation), covering markets in Asia, the Middle East, Africa, and Latin America where local REC markets do not exist. Green-e RECs are certified by the Center for Resource Solutions and are the dominant US REC standard. Both support the market-based method for Scope 2 reporting per the GHG Protocol Scope 2 Guidance, which requires contractual instruments (including RECs, I-RECs, Guarantees of Origin, or PPAs) to make zero-emission Scope 2 claims. CSRD ESRS E1 requires disclosure of renewable energy sourcing and the instruments used. Carbon credits — issued under Verra VCS or Gold Standard — must meet ICVCM Core Carbon Principles for credible use in net zero strategies and VCMI-compliant claims. Without structured guidance, organisations risk using instruments that do not meet market-based method requirements, fail ICVCM or VCMI quality thresholds, or create disclosure inconsistencies.
We support UAE and Indian organisations with instrument selection, due diligence, procurement, retirement, and claims guidance based on their operating geography, electricity market, reporting framework, and residual emissions strategy.
Our approach
A structured procurement and portfolio advisory process is delivered across carbon credits and renewable energy instruments. The approach covers requirements assessment, instrument selection aligned with GHG Protocol market-based method and ICVCM/VCMI quality criteria, evaluation of project quality and registry traceability, and procurement support. Outputs are designed to ensure instrument quality, strategic alignment, and disclosure compliance across BRSR Core, CSRD ESRS E1, CDP, and customer reporting requirements.
- Assessment of Scope 2 electricity consumption and residual carbon position requiring instrument coverage
- Identification of applicable REC/I-REC types, vintages, and country of origin for GHG Protocol Scope 2 market-based method compliance
- Evaluation of I-REC Standard, Green-e, or Guarantee of Origin (GoO) certificate quality, registry traceability, and CSRD ESRS E1 eligibility
- Assessment of carbon credit quality against ICVCM Core Carbon Principles, methodology robustness, and VCMI Claims Code conditions
- Support with procurement, transaction documentation, and registry retirement of instruments
- Portfolio development and multi-vintage or multi-geography diversification strategy
- Alignment of instrument usage with BRSR Core, CDP C8/C10, CSRD ESRS E1, and GHG Protocol Scope 2 Guidance disclosure requirements
Outcomes
Access to high-quality I-RECs, RECs, and carbon credits meeting GHG Protocol, ICVCM, and VCMI quality standards
Verified Scope 2 market-based method compliance enabling zero-emission Scope 2 disclosures
Structured procurement and retirement documentation supporting CSRD ESRS E1, BRSR Core, and CDP reporting
Reduced risk of low-quality, non-retirable, or greenwashing-exposed instruments
Structured portfolio management aligned with internal ESG goals
Related insights
Purchasing Carbon Credits and I-RECs
How the instruments differ, what quality checks matter, and how credible procurement works.
Read the insightUAE Carbon Neutrality Case Study
How a UAE media company addressed residual emissions through assessed carbon-credit procurement.
Read the insightCSR and Carbon Offsetting in India
How community-based carbon projects can connect Indian CSR priorities with measurable climate outcomes.
Read the insightClient Perspective
“I have worked with the Carbon Collective Company a few times for carbon credit retirement, and the experience has always been excellent. They offered us a wide selection of both Verra and Gold Standard credits from projects across many countries, giving us the flexibility to choose credits that meet our requirements. The process has always been smooth, with their team providing clear guidance and detailed follow-up steps throughout. I highly recommend their services.”
Tharindi Pathirana
Sustainability Specialist, Compliance & Governance, Mideast Data Systems LLC
Speak with an expert
The team can walk you through exactly how Carbon Credits, IRECs, Green-e RECs applies to your organisation's context and objectives.
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