The scheme was launched by Ministry of the Environment in May 2012, to promote awareness to implement Carbon Offsetting and build fair market. This Scheme consists of two programs; Third Party Certification Program and Carbon Offset Provider Program.
Carbon Offsetting primarily encourages individuals/businesses to become aware of the greenhouse gas (GHG) emissions they emit, and to act to reduce them. Offsetting is a way of compensating the unavoidable GHG emissions by purchasing “offset credit” equivalent GHG emissions.What is Carbon Neutral?
Carbon Neutral is a more extensive form of Carbon Offsetting, whereby companies achieve net zero through self-efforts to reduce greenhouse gas (GHG) emissions and purchasing “offset credit”.