Karnataka Solar

This renewable energy project has vintage years, indicating the specific years when carbon credits were issued. Each vintage year corresponds to the tons of CO₂ avoided or captured by the project in that same period, marking its annual impact.
As an avoidance project, this initiative supports climate action by implementing activities that actively prevent harmful emissions from being released into the atmosphere. Using solar power as its energy source, this project displaces the need for electricity generation from fossil fuels like coal or natural gas, effectively reducing greenhouse gas emissions.
 To generate carbon credits, the project calculates the CO₂ emissions that would have been produced by fossil fuel sources to match the same level of electricity generation. The difference between these hypothetical emissions and the avoided emissions from the solar project represents the carbon credits.
The project also meets the additionality principle, which requires that it provides environmental benefits beyond what would have happened without the project. This means that without this initiative, fossil fuels would still dominate the electricity grid, as the same amount of clean energy would not have been produced. If a project does not meet this standard, it may still generate Renewable Energy Certificates (RECs). Although not equivalent to carbon credits, RECs certify the use of renewable energy, promoting its adoption and market growth.