When cancelling CDRCs and surrendering RECs to offset scope 1 and 2 emissions, it is important to understand what claims can be made.
Direct scope 1 offset claims may be made through the voluntary cancellation of CDRCs. Any entity making an offsetting claim should be aware that the abatement represented by a CDRC may have already been used by the host country to meet its international climate commitments, which may result in double counting of the offset.
An REC can only be used to reduce the scope 2 emissions footprint from electricity purchased and consumed within the country in which the enterprise is located.