The Global Carbon Council (GCC) is the first international carbon credit and sustainable development program, based in the Global South. It was established (as Global Carbon Trust) by the Gulf Organisation for Research and Development (GORD) in 2016.
The GCC Program contributes to a more sustainable and low-carbon future, by registering high-quality projects from around the world that have demonstrated their additionality in the reduction or removal of greenhouse gas (GHG) emissions, while ensuring that project construction and operations do not cause any net-harm to the environment and society.
GCC issues tradable credits to registered projects based on their verified result-based achievements in GHG emission reduction/removal. Therefore, the Program directs much-needed climate finance to projects which mitigate climate change and contribute towards the UN Sustainable Development Goals (SDGs). By doing so, GCC contributes to achieving Paris Agreement’s objectives.
Credits certified by GCC can be used by governments and companies to meet and enhance their climate ambitions. In particular, the GCC Program can support governments in their efforts to meet Nationally Determined Contributions (NDCs) and trade Internationally Transferred Mitigation Outcomes (ITMOs).
It is globally agreed that reducing greenhouse gas emissions should be the first choice for any climate action. However, it is expected that it will be investment-intensive, and some hard-to-abate GHG emissions will remain, irrespective of the effort expended. Therefore, offsetting may complement efforts to reduce GHG emissions. Offsetting allows for the optimization of emission reduction costs by retiring carbon credits certified by internationally recognized certifiers, including the Global Carbon Council.