Contributions to climate protection only have an impact if the funds actually benefit projects directly. As a charitable foundation, myclimate guarantees that at least 80 per cent of contributions to climate protection finance projects. The remaining 20 per cent is used by the charitable foundation to cover operating and internal costs of the foundation.
Only projects that meet the globally recognised, highest standards can successfully help protect the climate. So myclimate draws on the strictest, most independent quality standards when selecting and structuring its own climate protection projects. The foundation works closely with experienced and independent partners in the respective countries to implement climate protection projects. These local partners make sure that local projects are realised professionally, and they also regularly review the projects’ impact. In addition, climate protection projects undergo an annual review (every five years for land use projects) by another independent, external body. In addition, the projects are supplemented by our own strict due diligence process. They are selected on the basis of myclimate's own strict criteria.
myclimate supports projects that use renewable energies, realise energy-efficiency measures or cut methane emissions, as well as reforestation and new forest initiatives or renaturation of moorland, which reduce the pressure on forests and biodiversity “hot spots”. Biochar projects are more recent. Climate protection projects result in lower CO₂ emissions or bind CO2 from the atmosphere whilst contributing significantly to sustainable development in the region, and thus benefit people and nature directly. myclimate demonstrates this transparently for each individual project using the UN’s Sustainable Development Goals (SDGs).
myclimate supports climate protection projects on a service-specific basis. Only emissions reductions that have actually been realised and can be proven over a longer contract term of 7 to 14 years are accounted for in energy projects. Contributions to climate protection are generally paid out to the projects after the services have been rendered. The actual contribution amount depends on the volume of climate-impacting emissions saved. Land usage projects (forest, moorland, agriculture) are slightly different in that their timelines naturally stretch over a longer span of 30 to 50 years.
myclimate guarantees its customers that the emission reductions achieved in energy projects will be realized and decommissioned in the climate protection projects within three years at the latest. Carbon storage in forests occurs within 10 to 30 years, depending on the project region and tree species. There are comprehensive, special mechanisms in place to monitor the reductions achieved in forestry.
Through contributions to climate protection, myclimate finances the additional costs that are incurred, for example, by the use of renewable energy sources compared to fossil fuels. Without these external funds for these additional costs, the projects could not be implemented effectively. This price depends on the size of the project, the technology used and the country in which the project is carried out. myclimate offers the opportunity to make a climate protection contribution in two project portfolios with average prices in selected specific projects:
