AEGIS performed a broad market assessment for carbon credits that would meet the emission reduction goals as set out by the oil & gas producer.
Carbon credits are not as standardized as commodities. The purchaser has choices: the vintage (the year the credit was created), the location, and the type. One specific project likely has similar projects available that offset the same amount of carbon.
Given the lack of standardization, two similar, equally effective projects could have different prices. In fact, they often do.
AEGIS worked with multiple project developers, trading houses, and other carbon credit holders to counsel the oil & gas producer about the range of credits that would apply.