Hi there,
We have achieved Net Zero in Scope 1 & 2 (97% reduction and 3 % carbon removal) and we have chosen to use carbon removal (DAC, biochar, enhanced weathering) for Scope 3.
We now wonder if, rather than buying carbon removal credits to offset, is a way we can invest in carbon credits directly and potentially hedge / neutralise our exposure e.g.
Direct Investment in Carbon Credit Projects
- Invest directly in projects that generate carbon credits. By investing directly, we can potentially receive carbon credits at a lower cost than purchasing them on the open market?
Carbon Credit Funds and ETFs
- Invest in funds that specialise in carbon credits e.g. ETFs that track the price of carbon credits and can provide exposure to the carbon credit market.
Thanks for the support.
All the best
Michelle