Project Overview
CarboSol led the development of a new carbon accounting methodology focused on quantifying emission reductions from the refurbishment and reuse of industrial electrical equipment. This initiative responds to a growing demand for standardized frameworks that recognize the circular economy’s role in carbon mitigation. The methodology is being prepared for submission under the Verified Carbon Standard (VCS) by Verra.
Key Highlights:
Challenge & Objective
In the absence of an established methodology for emissions avoided through equipment refurbishment, many refurbishment projects are currently ineligible for carbon credits. This project seeks to fill that gap by providing a quantifiable and verifiable approach that incentivizes extending product lifespans rather than replacing them with newly manufactured devices.
Approach & Framework
The methodology establishes:
• A baseline scenario representing emissions from the manufacturing of new equipment
• A project scenario capturing emissions from refurbishment activities
• Emission factors based on life cycle assessment (LCA) data
• Eligibility criteria, monitoring parameters, leakage risks, and conservative assumptions to ensure environmental integrity
Stakeholder Engagement
The development process included benchmarking against existing methodologies, review by independent technical experts, and consultations with equipment refurbishers to ensure data quality and sectoral relevance.
Deliverables & Impact
• Full methodology documentation aligned with Verra’s latest VCS rules
• A replicable emissions reduction calculation tool
• Projected to unlock significant carbon crediting opportunities for companies in the industrial maintenance and circular economy sectors
• Supports SDG 12 (Responsible Consumption and Production) and SDG 13 (Climate Action)
