Monetizing GHG Emissions

Carbon Advantage Verified Emission Reductions (VERs): Earth Advantage Institute is the developer and manager of an emerging program to monetize carbon emission reductions into carbon credits for trade on the voluntary carbon market. The program uses energy efficiency and renewable energy measures in new construction and existing building retrofits to mitigate carbon emissions that are quantified and monetized into carbon credits (also called voluntary emission reductions or VERs).

In particular, Earth Advantage Institute is leveraging its multi-state Energy Performance Score (EPS) program to boost residential retrofit rates. The EPS software tool calculates a miles-per-gallon style rating for a home based on its estimated annual energy consumption and its associated carbon emissions.  In cases where a retrofit has been completed, a second EPS audit of the house enables quantification and verification of the energy and carbon savings.  The Carbon Advantage program is working to monetize the carbon savings indicated by the EPS score.

If you are a retrofit program manager and are interested in an additional funding stream for your program through capturing carbon savings associated with energy efficiency, please contact us before you launch your program – integration of carbon offsets or VERs in the planning stage is key.