GUNDER HYDRO POWER PROJECT

This project has vintage years. This means the year in which the credits were issued, corresponding to the tons of CO2 avoided or captured in that same year by the project.

This project type is Hydropower. This means initiatives that generate electricity by the flowing or falling water. The generation of carbon credits in a hydropower plant is based on the principle of avoided emissions. The project calculates the amount of CO2 emissions that would have been released if an equivalent amount of electricity were produced from fossil fuel sources instead of hydropower. The difference between the actual emissions from fossil fuel sources and the emissions avoided by using hydropower represents the carbon credits generated by the plant. This type of project also needs to cover the additionality principle meaning that a hydropower energy project needs to show that without the project, the same amount of clean energy wouldn't have been produced, and fossil fuel sources would have been used instead. If a project lacks additionality or does not replace energy from fossil fuels, it may not generate carbon credits. However, it can still be marketed as Renewable Energy Certificates (RECs), which demonstrate the use of renewable energy sources and promote their adoption.

Carbon standard. This means a set of rules and criterias used to measure, report and verify the emissions reductions or removals from a specific project or activity. Carbon standards are essential in carbon markets, as they provide a transparent and consistent methodology for determining the number of carbon credits that can be issued to project developers. The Verified Carbon Standard (VCS) Program is the world’s most widely used greenhouse gas (GHG) crediting program. Verra is a nonprofit organization that operates standards in environmental and social markets, including the world’s leading carbon crediting program, the Verified Carbon Standard (VCS) Program.