Nature Entrusted Land Minerals Projects
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Impacts
Project Information
Fossil fuels account for nearly two-thirds of global Greenhouse Gas “GHG” emissions. Scientists advise that significant volumes of oil, gas, and coal must be left in the ground - unextracted and unburned - through 2050 to stay in alignment with the United Nations Paris Climate Agreement. PHH is leading a new era of fossil fuel “prospecting” that leaves hydrocarbon reserves unextracted and unburned, permanently. PHH eliminates 100% of GHG emissions before emission as compared to curbing emissions that have already entered the atmosphere. PHH has environmental co-benefits that eliminate the extreme soil, air, and water pollution and degradation caused by drilling and fracking.
Media
Sustainable Developement Goals
Additionality
ISO 14064-2 GHG emissions additionality. GHG emission mitigations are additional to the baseline scenario.
Statutory additionality. The project implements actions that go beyond statutory requirements.
Technology, institutional, common practice additionality. The project implements climate actions that are subject to barriers to implementation or accelerates deployment of technology or activities.
Financial additionality. Carbon credit revenues are the major or only source of revenues
Participants
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