At GoClimate, we prioritize quality and efficiency in our support for climate projects. Our rigorous selection process is based on the following criteria to ensure that every project we support truly contributes to climate improvements.
Certification: We require that an independent third party certifies the projects, guaranteeing that they meet continuously updated and increasingly higher standards.
Additionality: It’s crucial that the projects would not have been realized without funding from climate initiatives. This principle ensures that our investment leads to a real change.
Verification: The climate benefit of each project is verified by an independent third party, ensuring its efficiency and credibility.
Traceability: We ensure that funding is traceable through transparent and open databases. This prevents double counting and ensures the project’s uniqueness.
Durability: The projects must offer lasting effect, meaning the benefits do not disappear over time.
Contribution to Sustainable Development: Beyond the direct climate benefits, the projects should also contribute to sustainable development, such as creating job opportunities or contributing to cleaner air. It’s important that the projects do not contribute to negative social development where they are implemented.
At GoClimate, we focus on supporting the best climate projects. We have chosen to work only with projects certified by Gold Standard. This is because we believe that Gold Standard has the strictest and best requirements for climate projects.
What Makes Gold Standard So Special?
Stringent Requirements: Gold Standard has stricter rules compared to other standards. They ensure that the projects really need the money to be implemented and continue to make a difference.
Focus on the 1.5-Degree Target: Projects supported by Gold Standard are those that help us reach our global climate goals. This means that they do not support projects linked to fossil fuels or nuclear energy.
Updated Requirements: Gold Standard regularly updates its requirements to ensure that the money is used where it is most beneficial for the climate.
Our conclusion is that supporting Gold Standard-certified projects is the best way to make a difference right now. However, we are open to changing our approach if we find other ways to achieve even greater climate benefits in the future.
Please feel free to contact us if you think there’s something we’ve missed, as we are always open to learning more!