What is a Verified Emission Reduction (VER) credit, Carbon Credit or Offset Credit?
For every one ton of carbon dioxide that a company or an individual is not able to reduce, the company or individual can pay for one ton to be reduced somewhere else in the world. Monies from Verified Emission Reduction (VER) credits, also known as carbon credits or offset credits, go towards forestry sequestration (36%), renewable energy (33%) and industrial gases (20%), energy efficiency (5%) coal mine methane and landfill methane projects (3%) and others. Carbon emissions are thus counterbalanced by carbon savings.