On December 9, Connecticut Green Bank and its partners announced a unique collaboration that is the first joinable, grouped carbon offset credit project registered under the new methodology for electric vehicle (EV) charging systems. Read more.
Connecticut Green Bank is seeking partners for a pioneering carbon offset credit transaction backed by EV charging stations.
We are leveraging our position as the nation’s first green bank to create a single, comprehensive project that aggregates others’ charging systems. In the process, we are demonstrating a new market for carbon offset credits while generating societal benefits at the same time. Your charger site could be eligible for decades of revenue from carbon offset markets, secured by the Green Bank. Participate and identify yourself as a leader in the EV movement.
How does it work?
Hosting an electric vehicle charging station helps reduces greenhouse gas emissions. To quantify these emissions reductions, the Green Bank helped develop a methodology that’s been accredited by the Verified Carbon Standard (VCS) program. This lets EV datasets support the creation of third-party certified carbon offset credits. By accessing difficult-to-reach voluntary carbon trading markets and helping EV charging stations earn carbon credits through this new and innovative approach, the Green Bank is making it easier to get emissions reductions certified.
Across the United States, we calculate that an EV charger may generate an average of four carbon credits per year. This can be higher or lower depending on the carbon intensity of your state’s power grid, and how much electricity is dispensed. The number of credits produced by a typical charging station may increase with time as the use of charging stations increases and the power grid gets cleaner.
How much revenue could my charger produce? Who is eligible?
Please download our informational sheet on the Electric Vehicle Charging Station Offset Credits program to learn more! Or contact us by emailing EVoffsets@ctgreenbank.com or using the form below.
To get started:
Work with the Green Bank to estimate how many carbon credits your charging station has produced (one ton of CO2 reduction equals one carbon credit). Use the below form to get started!