Aspiration retires carbon credits to fulfill various promotional offers and to offset gas purchases as part of our Planet Protection program. Carbon credits function as tradeable certificates within the voluntary carbon market. Each carbon credit represents the reduction or avoidance of one metric ton of carbon dioxide, or an equivalent amount of other greenhouse gasses with similar global warming potential, often referred to as CO2e.
Carbon credits are generated by nature-based methods, such as reforestation, or technology-based projects, like renewable energy initiatives, that actively reduce, prevent, eliminate, or capture carbon emissions. When these credits are retired, they transform into carbon offsets, effectively counterbalancing or offsetting your carbon emissions.
The specific credits we use for our offsets are sourced from the following projects:
Project Name: Renewable Wind Power Project by Adani
Location: Gujarat, India
Registry: Verra
Project ID: VCS 2042
Methodology: ACM0002
Project Type: Renewables
Avoidance/Removals: Avoidance
Offsets Purchased From: Aspiration Partners Inc.
Project Name: Northern Kenya Improved Grasslands
Location: Samburu County, Kenya
Registry: Verra
Project ID: VCS 1468
Methodology: VM0032
Project Type: Agriculture Forestry and Other Land Use
Avoidance/Removals: Removals
Offsets Purchased From: Aspiration Partners Inc.
Project Name: Mai Ndombe REDD+ Project
Location: Mai Ndombe Province, Democratic Republic of the Congo, Africa
Registry: Verra
Project ID: VCS 934
Methodology: VM0009
Project Type: Agriculture Forestry and Other Land Use
Avoidance/Removals: Avoidance
Offsets Purchased From: Aspiration Partners Inc.
Project Name: Hydroelectric Project in Kinnaur District in Himachal Pradesh
Location: Himachal Pradesh, India
Registry: Verra
Project ID: VCS 1742
Methodology: ACM0002
Project Type: Renewables
Avoidance/Removals: Avoidance
Offsets Purchased From: Aspiration Partners Inc.
Aspiration's carbon accounting and equivalency methodologies for Planet Protection, reforestation initiatives, and our company's carbon footprint were reviewed and refined by the Anthesis Group in 2023.
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