By providing safe drinking water to consumers, we are eliminating the need for boiling water. Consequently we are reducing CO2 emissions. To calculate those savings we are comparing the carbon emissions emitted by our current process to the baseline situation where people use firewood or charcoal to boil the water. The difference is equivalent to carbon credits, generating by our activities.
What is a Carbon Credit ?
Carbon credits are a financial instrument that represents the right to emit one metric ton of carbon dioxide into the atmosphere. They are part of a market-based approach to mitigate climate change by reducing greenhouse gas emissions. To counteract carbon emissions, initiatives and projects are implemented to reduce or remove greenhouse gases from the atmosphere. When such activities result in a reduction in emissions, they are awarded carbon credits. Carbon credits can be bought, sold, and traded in the carbon market. By purchasing carbon credits, entities can offset their own emissions and contribute to the overall reduction of greenhouse gas emissions.
Overall, carbon credits serve as a tool to incentivize emission reductions and encourage the transition to a low-carbon economy.
All Dreams Cambodia partnership
Teuk Saat 1001 celebrated World Water Day, on 22nd March 2023, at the Ministry of Environment. Our Executive Director introduced our model and explained how we generate a green impact, thanks to the carbon credit mechanism. In fact, the O-we entrepreneurs deliver at their doorstep safe drinking water to their consumers, so they don’t have to boil water with wood or charcoal to make the water safe. In this way, CO2 emissions are avoided. Teuk Saat 1001 is proud to be one of the very few organisations emitting carbon credits globally from a Cambodian project.
In 2022, All Dream Cambodia bought Gold Standard Carbon credits from Teuk Saat 1001, equivalent to 128 tonnes of CO2. During the conference, Teuk Saat 1001 received a $7000 contribution from All Dreams Cambodia to support the Water in School program.