Understanding PrintReleaf's Integration with the Verra Registry for Carbon Offsetting
PrintReleaf partners with the Verra Registry, the world's largest carbon offset registry, to manage and record carbon offset transactions.
PrintReleaf sources and sells these credits, transferring them from an active state to a retired state (or a completed state) in their inventory, with each transaction recorded on the Verra Registry. This process is transparent, with each credit's serial number publicly traceable on the Verra Registry and linked in client's PrintReleaf Certificates, ensuring accountability and public verification of the carbon offset projects.
FAQ's
Is the Verra Registry a Marketplace? Verra is not an ecommerce marketplace. It is simply a registry, a place to record all verified carbon offset transactions.
How does PrintReleaf work with Verra? PrintReleaf sources and sells carbon credits and all transactions are recorded and searchable on the Verra Registry.
Can you give me an example of how it works? For instance, if ABC Bank's carbon footprint is 100 metric tons for January, PrintReleaf would source 100 credits from the Verra Registry, issue a certificate of carbon offset for 100 metric tons to ABC Bank citing the project details and serial number and post the certificate to ABC Bank’s PrintReleaf portal.
How much CO2 does a single credit offset? Credits are sold in units of 1 metric ton of emissions (MTCO2e) and, based on the AF&PA LCA, is equivalent to 117,647 standard sheets of paper or 1,173.42 lbs of fiber-based print or packaging material.
What does "Retired" mean for carbon credits? Credits marked "Retired" in the Verra system are no longer sellable, i.e., the credits are transferred from an “Active” to a “Retired” state and no longer can be sold, traded or retired in another customer’s name.
Can the public track these credits? Yes, each carbon offset comes with a publicly available serial number. Accessing this number on the Verra Registry shows the credit's active or retired status.