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FAQS
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What are CADRs?A Climate Action Digital Receipt (CADR) is equivalent to one tonne of carbon dioxide equivalent emission avoidance or drawdown for a period of one year, evidenced, and retrospectively issued.
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How much is each CADR worth?CarbonPump does not speculate on the value of CADRs. The value is set in the open market on reputable carbon exchanges around the world.
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What is Carbon Farming?Carbon Farming is the measurement of carbon on agricultural land. It includes measurement of soil carbon, biomass and biodiversity.
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What is additionality?Additionality is the extent to which the carbon measured is additional to what would have occurred without the project.
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How does CP determine the additionality of their Carbon Farming CADRs?CarbonPump requires projects to declare additionality, and to then pass an independent audit of additionality. This methodology is an evidence based measurement system which includes scientific calculations of carbon additionality.
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Won't this encourage Carbon Offsetting?CarbonPump issues evidence based and real climate action tokens. The purchaser may use CADRs as offsets, or may purchase CADRs as substantiation of sustainablity-related financial disclosures. The use if CADRs is at the discretion of the Purchaser.
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What makes CarbonPump better than other methodology providers?CarbonPump has had decades of experience in the carbon, agricultural and mining industries. We have developed methodologies that are viable for industry to adopt at scale, and which are based on completed climate action.
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What is a Dynamic Baseline and why is it important?A dynamic baseline is one which may change over time as against a static baseline which remains the same for the life of a project. Globally static baselines are used because it was impossible to prove the counterfactual carbon stock – that is what would the carbon stock be, if the project was not initiated. The problem however in carbon farming is that a static baseline essentially passes the cost of climate change from governments to farmers. Farmers are required to maintain carbon in soil despite increasing depletion from climate change. Worse, farmers can exert significant effort and still find their carbon stocks depleted. There is more at play, and CarbonPump has developed a dynamic baseline that effectively measures the impact of environmental carbon degradation in the agricultural setting.
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What criteria do land holders need to meet to run a CP Carbon Farming project on their land?A serious desire to engage in climate action, to increase soil carbon in their soil, and more than 50ha of agricultural land.
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