How shared value is calculated for Gold Standard Certified Projects

Table 1 shows the average co-benefit value in $ calculated per carbon credit, as per data from the research study Valuating the benefits of improved cooking solutions published by Vivid Economics andThe real value of robust climate action published by Net Balance.

The shared value figures have been calculated by applying the value delivered per carbon credit to the relevant Gold Standard Certified Projects i.e. issued carbon credits. The calculations include both Verified Emission Reductions (VERs) and Gold Standard labels for Certified Emission Reductions (CERs). And have been applied only to the project types listed in the table above. This covers approximately 75% of our issued project portfolio. Therefore, this is a conservative estimate of the shared value delivered by our projects, the real value is actually higher.