Carbon Assets

The carbon market serves as a vital policy instrument for the global community in combating climate change, as one of the most economically efficient strategies for reducing emissions.

Carbon Assets Business Overview

MioTech's Carbon Credit Services

Overview

Carbon Assets

Carbon assets are GHG emission allowances or offsets that are authorised by the government or verified and approved by international official institutions. These assets can be utilized for compliance trading or offsetting emissions.

Carbon Credits

In the voluntary carbon market, enterprises can develop carbon credits from their emission reduction plans and get certified by the relevant authorities.
According to different emission reduction methods, it can be divided into two major project types: "Avoid emissions/reduce emissions" and "Remove/storage". Depending on the issuing entity, it can be divided into three types of mechanisms.

Carbon Credit Projects

Avoid emissions / reduce emissions

Preventing ecosystem loss or degradation

Preventing deforestation

Protecting coastal wetlands

Technology-based emission reduction

New energy usage

Waste management

Methane utilization

Raw material/fuel conversion

Remove / Archive

Nature-based carbon storage

Afforestation and reforestation

Grassland, wetland or coastal restoration

Carbon removal through technology

Direct Air Carbon Capture and Storage (DACCS)

Biomass with Carbon Capture and Storage (BECCS)

Types of Carbon Credit Mechanisms

Independent

Managed by non-governmental organizations, including the Verified Carbon Standard (VCS) and the Gold Standard (GS)

Local regulations

Carbon credit standards set by countries or regions, such as the China Certified Emissions Reduction (CCER) or the California Compliance Offset Program.

CCER

California Compliance Offset Program

International Mechanism

Established through international agreements like the Kyoto Protocol and the Paris Agreement, as well as other Flexible Mechanisms such as the Clean Development Mechanism (CDM) and the Sustainable Development Mechanism (SDM).