Carbon Credits & Offsets

When an organization buys credits, the record needs to satisfy both the verifier and the accountant. CarbonBiz stores each credit with its registry (Verra VCS, Gold Standard, TGO T-VER, CDM or other), credit type (avoidance or removal), project name, ID, country and vintage, quantity in tCO2e, serial number and certificate URL. Serial numbers are parsed to extract the block range and project identifier, which helps prevent double counting.

Credits move through active, retired and cancelled states. Retiring a credit records the beneficiary, the reason and the date, and generates a retirement certificate PDF with the serial and a QR code. Credits retired within the reporting year are deducted automatically from gross emissions in the TGO Fr-05 summary and the GRI 305-5 reduction disclosure.

Prices in USD or EUR are handled under IAS 21: the form asks for the spot exchange rate to THB on the purchase date, links to the Bank of Thailand reference rate, validates that the rate is positive, and shows the THB value per row and in total. A warning flags any foreign-currency credit still missing a rate, and every rate change is captured in the audit log. Beyond the basics, the App also supports VCMI claim statements, a beyond value chain mitigation ledger and insetting coverage analysis across Scope 3 categories.