KWOTA Standard is designed to digitally verify CO₂ reduction from material recycling and increased circularity. It is the first global standard for digital verification of CO₂ reduction from material recycling in the voluntary carbon market. It consists of high-quality CO₂ reduction methodologies for different materials
Explained by the paper and board industry example
1
Logging and transport
2
De-barking
3
Chipping
4
Chemical pulping
5
Mechanical pulping
6
Fibre washing, screening and drying
7
Paper making
1
Collecting and transporting waste paper
2
De-Pulping waste paper
3
De-inking
4
Fibre washing, screening, drying
5
Paper making
Did you know replacing 1 tonne of raw materials with one tonne of recycable materials would reduce CO2 emissions by up to 50% ?
.png)
.png)
When KWOTA receives the data, It will go through an integrity check and be sent to the verification process, which will take up to one month. After the data has received confirmations from the supply chain participants, it is created into credits and placed on the marketplace. When the credit has been sold, the Producer can invoice KWOTA. For example, if the data verification is done in May and credits are also sold in May, then the Producer can invoice KWOTA in June. KWOTA creates an Invoicing summary every month for the previous month's credit sales.
The secondary material baseline is unique to the relevant Production Facility and its supply chain, and it depends on the recyclable secondary material and on the historical and projected activity data. It is renewed regularly and at least after three years. A secondary material baseline is recalculated and renewed when a significant change in the relevant supply chain is set up, i.e. a new production line.
KWOTA can assure that all data is confidential to any third party. The data is used only by KWOTA for analyses and calculations to create carbon credits. Protecting our partner's data is a top priority for us. Data is securely stored only in Amazon Web Services, which meets the highest security compliance policies. Communication with KWOTA’s servers is encrypted; only authorised users can access the data.
KWOTA creates carbon credits based on a verified CO₂ reduction at the Production Facilities. Carbon credits will expire two years after the creation date and are, therefore only available for sale for two years.
80% of proceeds are given to material producers to reinvest in acquiring more recyclable materials for reproduction, reducing the need and reliance of taking from the earth and preserving the environment
