E-mobility carbon credit program available in your selected country
The selected e-mobility project would result in an estimated xx tCO2 of carbon savings per annum, which could translate into an estimated financial benefit of xx USD per annum for the project owner. We are actively looking for project owners to set up new e-mobility carbon credit programs around the world.
Whether ITMOs or the voluntary market can be targeted will be dependent on the details of your project and the host country’s carbon market policies, which we can assess for you.
Everything you always wanted to ask about carbon credits markets, projects and program aggregation for the global e-mobility transition
| 1 | What are ITMOs and how do they differ from other carbon credits? | ITMOs (Internationally Transferred Mitigation Outcomes) are a new system of carbon credits created under Article 6 of the Paris Agreement, which was adopted by 196 parties at the UN Climate Change Conference (COP21) in 2015. This new system allows for transfers of emission reductions between countries. The ITMO market is notably different from the voluntary market in terms of prices, procedures, and the credibility of the offsets achieved. The compliance standards required by the Paris Agreement ensure substantially better pricing of credits linked to significantly enhanced credibility from due validation, registration and monitoring procedures. | |
| 2 | Who is buying the carbon credits? | Buyers of ITMOs (main target of Zeroca programs) are currently restricted to nationally accredited entities of a few select countries (typically located in Western Europe, East Asia and the Middle East). This group of buyers will grow as more countries develop their participation, first bilaterally and then multilaterally, under Article 6 of the Paris Agreement. Buyers of voluntary offsets can be any company or individual interested in compensating its own emissions and carbon credits. Voluntary credits can be sold either directly to a buyer or through a specialised broker. | |
| 3 | Who owns carbon credits in an e-mobility project? | By default, the operator of the e-mobility equipment owns the carbon credits. However, a manufacturer, dealer or lessor of e-mobility equipment under a long-term (supply and warranty, maintenance, support and/or financing) contract with the operator can include a provision in such contract making them the owner of the carbon credits. This allows such a party to enter into a global partnership with Zeroca and offer significant discounts to national buyers and operators of their equipment. | |
| 4 | Can I claim carbon credits for e-mobility activities in several countries? | Yes. However ITMOs are registered and transferred under bilateral agreements and require corresponding adjustments in the national carbon registries of both participating countries. Consequently, ITMO programs must be set up at national levels. If you have e-mobility activities in several countries, we offer global partnerships, through which your e-mobility activities around the world can be added to the numerous national aggregator programs Zeroca is currently setting up. | |
| 5 | What is required to participate in a Zeroca program? | The main requirement is to have clear ownership of the emission reduction. Then some basic data is required to calculate and subsequently monitor the emission reduction: annual mileage/vehicle ID (for vehicles) and electricity consumption in kWh (for charge points). | |
| 6 | Can I claim emission reductions for e-mobility equipment that I already own or operate? | Unfortunately no, only new equipment purchased after contract signature with Zeroca can be considered eligible for carbon credits. |
