Concrete production offers a new opportunity to generate carbon credits, stemming from the ability to lock carbon in concrete through CO2 mineralization.
While interest in carbon removal credits has recently been gaining momentum, carbon credits aren’t new. First introduced in 1997 as part of the Kyoto Protocol, they were created as a financial incentive for companies to cut their greenhouse gas emissions.
But what exactly is a carbon credit?
Carbon credits are permits or certificates issued by third-party registries, such as Verra or Gold Standard, on behalf of companies that have positively impacted CO2. One carbon credit represents one metric tonne of CO2 that has been reduced, avoided or removed from the atmosphere.
After a company generates a carbon credit, it can be sold to another company that can’t reduce its own emissions, has net-zero goals, or wants to support low carbon initiatives. A carbon credit essentially allows the CO2 reductions made by one party to compensate for emissions made by another.
A number of different projects can be used to create the CO2 impact needed to generate carbon credits. For example:
CO2 mineralized concrete falls into this last category and offers an exciting new revenue opportunity for concrete producers. When a concrete producer mineralizes CO2and receives a verified carbon credit, they can generate additional revenue by selling the credit to another organization.
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