ERC credits are a type of carbon offset that can be purchased by individuals and businesses to offset their own carbon emissions. The credits are generated through projects that reduce greenhouse gas emissions, such as renewable energy projects or energy efficiency measures.
In the past, ERC credits were widely available through various programs and platforms. However, over the past few years, the availability of these credits has decreased due to a number of factors.
One reason for the decline in ERC credits is the shift towards other types of carbon offset programs. In particular, the growth of voluntary carbon markets and the development of new offset methodologies has led to increased competition for ERC credits.
Additionally, changes to international regulations have also impacted the availability of ERC credits. For example, the European Union has phased out the use of ERC credits under its Emissions Trading System, and other countries have similarly limited their use.
Despite the decline in availability, ERC credits are still available through some programs and platforms. For example, some carbon offset providers still offer ERC credits as part of their portfolio of offset options. However, these credits are often more expensive and less widely recognized than other types of offsets.
Overall, while ERC credits are still available, their use has decreased in recent years due to changes in regulations and the growth of other carbon offset programs. As such, individuals and businesses looking to offset their emissions may want to consider other options, such as verified emissions reductions or renewable energy certificates.