What is Shift?
Shift is a sub-brand within of St1 Nordic that providesding a possibility for customers the opportunity to invest in climate change mitigation through Shift carbon credits. Shift carbon credits are issued from investments in registered high- integrity carbon sequestration projects.
What is a Shift carbon credit?
A Shift carbon credit is the product thatwhat you buy through the Shift program offers., 1 Shift carbon credit represents the reduction or removal of 1 ton of CO2 -equivalents. Shift carbon credits are sold as a voluntary investment on a voluntary carbon market.
Can SHIFT carbon credits be used as allowances for the EU ETS?
No, they can’t. Allowances are handled separately the voluntary carbon market is not affiliated with the EU ETS.
Why is St1 launching Shift?
St1 is working with the energy transition towards a sustainable carbon cycle in all markets. Capturing excess carbon from the atmosphere is one of the important actionsessential steps in climate change mitigation work. Shift only offers only high- integrity projects that have a positive societal impact, while also conserving biodiversity and sequestering carbon at the same time.
Do carbon credits give you permission to pollute?
No, we need to do everything we can to reduce emissions and capture any emissions that can't be reduced, as well as to remove carbon from the atmosphere. The money from carbon credits goes towards supporting sustainable development by providing, for example, new job opportunities and establishing nature conservation efforts in specific regions.
What is a voluntary carbon market?
A voluntary carbon market is a market-based platform that enables customers to invest in climate mitigation initiatives. By purchasing Shift carbon credits, customers can help fund projects that help to create a more sustainable future. Voluntary markets operate as a complement to legislated initiatives and regulations.
How do I buy Shift carbon credits?
All Shift carbon credits are purchased through the St1 online portal. Please contact your local sales representative for further guidance.
What can I do with a Shift carbon credit?
Carbon credits can be used to demonstrate your commitment to climate change mitigation initiatives that go beyond legislated obligations.
How do I get a certificate for my purchased emissions reductions or carbon removal?
You will receive a SHIFT verification and a Verra retirement certificate after we have retired credits on your behalf. The retirement process is carried out monthly.
How can I see my retired credits in the registry?
We register and retire all purchases once a month, meaning that it can take up to 30 days before you are able see the retirement of your credits in the Verra registry. If you don’t see your retired credits after 60 days of purchase, please contact us.
How can I be sure that my Shift carbon credits are real?
All credits are listed in a third-party registry to ensure transparency and credibility. You can find your retired credits in the Verra registry by searching for the unique serial number provided on your retirement certificate. If you need additional guidance, please don’t hesitate to get in touch with us.
What do I do if I don't receive an email confirmation?
Please get in touch with us. The confirmation email should arrive the same day you ordered the Shift carbon credits.
What kinds of projects does Shift offer?
Currently we focus on nature-based projects, such as afforestation, avoided deforestation or blue carbon. We are also looking into solutions based on new technologies, like direct air capture and bio-energy carbon capture; however, as these are still under development, we see these projects as possibilities for exciting future investments.
The project crediting period is 30 years. What happens after that?
For every project, we strive to ensure that the management plan in place is longer than the actual project timeline. In forestry projects, for example, our objective is to promote long-term forestation within the project area, and, depending on the area, permanence requirements are between 50 and 100 years. Additionally, every project includes a buffer pool to cover reversals from unintentional damage, e.g., a fire before the claimed permanence time is over. The buffer pool size is usually 10%.
What is the Verra registry?
The Verra registry is a platform where information on certified projects, as well as issued and retired units are registered and listed. Trading units is also possible through the registry. The registry is the central repository for all information and documentation relating to Verra projects and credits. The Verra Registry also ensures the uniqueness of projects and credits in the system.
What does investing in the Shift program mean?
By investing in Shift carbon credits, you support sustainable initiatives and projects that focus on mitigating climate change. Shift does not offer any cash in return, as you are investing in a better future through carbon removal. By supporting Shift , you enable the development of additional climate mitigation projects, research and development.