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What are carbon credits and how do they work?

Carbon credits are certificates representing the reduction or removal of one metric ton of carbon dioxide or its equivalent from the atmosphere. At SikaFields, we help individuals (Farmers), companies, and governments purchase these credits to offset their own carbon emissions, effectively balancing their carbon footprint.

How are carbon credits generated and verified?

Carbon credits are generated through projects that reduce, remove, or avoid greenhouse gas emissions. At SikaFields, we ensure these projects are rigorously verified by third-party organizations to guarantee the emissions reductions are real, measurable, permanent, and additional to any that would have occurred without the project.

What types of projects can generate carbon credits?

Projects that can generate carbon credits include reforestation, renewable energy installations (such as wind and solar), methane capture from landfills, and energy efficiency improvements. SikaFields used nature Based solutions including Agroforestry, Reforestation to generates its carbon credit. We also supports carbon credit generation from transition to energy efficient alternatives such as energy efficient cooking stoves.

How can individuals or companies purchase carbon credits?

Individuals or companies can purchase carbon credits through SikaFields' platform. We provide access to a range of verified carbon credits from multiple projects, making it easy to offset your emissions.

What is the cost of carbon credits and how is it determined?

The cost of carbon credits varies widely based on factors such as the type of project, value chain, location, and market demand. At SikaFields, we provide transparent pricing based on current market conditions and the specific characteristics of each project.

How can I ensure that my carbon credit purchase is legitimate and effective?

To ensure legitimacy and effectiveness, purchase carbon credits through SikaFields. Our credits are verified by recognized third-party standards such as the Verified Carbon Standard (VCS) or the Gold Standard. We provide full transparency in project documentation and monitoring reports.

What is the difference between voluntary and compliance carbon markets?

Voluntary carbon markets allow businesses and individuals to offset their emissions on a voluntary basis, while compliance markets are regulated by governments and require entities to adhere to mandatory carbon reduction targets. SikaFields operates primarily in the voluntary market, offering credits that follow stringent verification processes.

How can carbon credits help companies achieve their sustainability goals?

Carbon credits enable companies to offset emissions that are difficult to eliminate, helping them achieve carbon neutrality or meet specific reduction targets. By partnering with SikaFields, companies can demonstrate a commitment to sustainability and enhance their reputation while complying with environmental regulations.

Can carbon credits be used for offsetting emissions from specific activities (e.g., flights, events)?

Yes, carbon credits can be used to offset emissions from specific activities such as flights, events, or manufacturing processes. SikaFields helps you calculate the emissions from these activities and purchase an equivalent number of carbon credits to neutralize the impact.

How do carbon credits contribute to global efforts to reduce greenhouse gas emissions and combat climate change?

Carbon credits support global efforts by funding projects that reduce or remove greenhouse gas emissions. By purchasing credits from SikaFields, you help lower overall emissions and encourage sustainable practices and innovations with broader environmental and social benefits.

What is the difference between carbon offsetting and carbon reduction?

Carbon offsetting involves compensating for emissions by funding projects that reduce or remove an equivalent amount of greenhouse gases. Carbon reduction refers to directly lowering emissions through changes in processes, technologies, or behaviors within an organization or activity. SikaFields provides solutions for both offsetting and reduction.

How are carbon credits retired and what happens to them after they're purchased?

Once carbon credits are purchased through SikaFields, they are retired, meaning they cannot be resold or reused. This ensures that each credit only accounts for a specific reduction once. We register retired credits in a recognized registry to maintain transparency and accountability.

Can carbon credits be used for regulatory compliance or only for voluntary purposes?

Can carbon credits be used for offsetting emissions from specific activities (e.g., flights, events)?

How does the verification process ensure that carbon credits represent real and additional emissions reductions?

The verification process involves third-party auditors who review project documentation, monitor emissions reductions, and ensure compliance with established standards. SikaFields partners with these auditors to guarantee that the reductions are real, measurable, permanent, and additional.

What are the different types of carbon credits (e.g., VCUs, CERs, CCNs) and how do they differ?

Different types of carbon credits include Verified Carbon Units (VCUs), Certified Emission Reductions (CERs), and Carbon Credit Notes (CCNs). They differ in their certification standards, the markets they serve (voluntary or compliance), and the methodologies used for verification and issuance. SikaFields offers a range of these credits to meet diverse needs.

How can companies use carbon credits to meet their Scope 1, 2, and 3 emissions targets?

Companies can use carbon credits to offset emissions across their operations. Scope 1 covers direct emissions from owned sources, Scope 2 covers indirect emissions from purchased energy, and Scope 3 includes all other indirect emissions. SikaFields helps companies offset emissions they cannot eliminate to meet their targets.

Are carbon credits taxable and what are the accounting implications?

The tax treatment of carbon credits varies by jurisdiction. They may be considered a deductible expense or an asset, depending on how they are used. SikaFields recommends consulting with tax professionals to understand the specific implications and ensure proper accounting treatment.

How do carbon credits fit into broader sustainability and Environmental, Social, and Governance (ESG) strategies?

Carbon credits can be a key component of broader sustainability and ESG strategies by helping companies reduce their carbon footprint, demonstrate environmental responsibility, and meet stakeholder expectations. SikaFields supports these strategies by providing high-quality, verified carbon credits.

Can individuals and organizations purchase carbon credits to offset their personal carbon footprint?

Yes, individuals and organizations can purchase carbon credits to offset their personal carbon footprint from activities such as, farming, travel, home energy use, and daily commuting. SikaFields offers easy access to verified credits, allowing you to take responsibility for your emissions and contribute to global climate action.

How does SikaFields ensure that its carbon credit projects have additional social and environmental benefits?

SikaFields ensures that our carbon credit projects provide additional social and environmental benefits by selecting projects that also support community development, biodiversity conservation, and sustainable livelihoods. We prioritize projects with co-benefits verified by reputable standards.

I am a farmer, how do I get my farm to listed on your carbon credit program?

If you are a farmer living in one of our operational countries, you can contact us directly by filling the form below or call our contact number. Our dedicated staff will contact you immediately.

How does organizations and large cooperations work with you to develop carbon projects?

SikaFields provides a rare opportunity for companies and multinationals to invest in specialized carbon projects to either offset their own emissions or a CSR or use them as investments avenues. We help these organization to develop a dedicated carbon project using degraded lands across Africa and planting them with high carbon removal tree species such as hybrid bamboo specifically bred for carbon removal. Contact us if you represent an organization or a company that is seeking to invest in dedicate carbon project that benefits the environment, rural communities and your own organization.