This guide provides good practice guidelines on what a voluntary emissions offset is, the requirements of what constitutes a voluntary offset and examples of how voluntary emissions offsetting can be applied in the New Zealand context.
Voluntary emissions offsetting enables an organisation to reduce emissions to the atmosphere outside the boundary of their organisation. Voluntary emissions offsetting is an action that should take place only after the measurement of emissions and subsequent reductions of emissions have occurred.
For the voluntary emissions offset to be considered credible, it must be:
- real, measurable and verified
- not double counted
- address leakage
Further information about these principles can be found in the guidance.