Carbon Offsets are generated by emissions reduction projects. A Carbon Offset represents the reduction of one metric ton of carbon dioxide (CO2) that, because of the project, was not emitted into the atmosphere. Projects are developed for the sole purpose of reducing emissions and generating different types of carbon credits or voluntary offsets.

The key to the value of offsets is quality. Quality projects produce quality offsets or credits. A quality project can only be economically viable with the additional revenue generated by selling the credits; without the credit revenue there would be no emissions reduction project.

Emissions reduction projects are the basis for Certified Emissions Reductions (CERs) which are the offsets of the Kyoto Protocol. Green Piggy has looked to copy the model of the Kyoto Protocol and avoid many of the bogus credits currently being sold as voluntary offsets.

Green Piggy purchases credits only from projects that meet Kyoto Protocol standards for credit quality. This is not some internal standard developed by a company to verify their low quality credits. This is a system developed by 168 countries around the world to ensure credits are only generated by projects with proven emissions reduction methodologies (http://www.unfccc.int). The revenue from the credits is needed to finance the development of these projects. In addition to reducing emissions, these projects provide benefits to the local societies and economies in developing countries.

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