What is Book and Claim?
The problem: there is a global demand for sustainable fuel and yet the physical supply is not always accessible from where an organisation operates. The solution: Book and Claim separates the verified reduction from the physical fuel, so you can fund certified supply from anywhere in the world, and report the reduction as your own.
You already buy energy this way.
The Book and Claim model addresses the physical fuel problem the same as renewable electricity certificates, and it works for a flight, a ship or a truck.
Renewable electricity
- A wind farm generatesPower enters the grid.
- A certificate is issuedOne unit, tracked and owned.
- You buy and count itYour socket runs on the mix.
Sustainable fuel
- A producer makes itFuel enters the supply.
- A certificate is issuedOne claim, retired once.
- You fund and claim itYour transport runs on the mix, wherever it runs.
Book the attribute, claim the reduction.
A certified batch enters the supply chain, usually near where it was produced. What you fund with Book and Claim is not the fuel itself, but the verified reduction attached to it. That reduction is tracked and retired separately. It can be claimed from anywhere in the world.
One certified batch of sustainable fuel
Produced, audited, and entered into the supply where it was needed.
Burned where it was loaded
By whoever put it in the tank. It never travels to the buyer, and no claim attaches to it.
Separated, tracked, retired once
Recorded on an independent registry and retired to the party that funded it, which produces a statement an auditor can follow.
The carrier
The airline, shipping line or haulier that burns the fuel.
Counted onceThe corporate buyer
For the travel in its value chain.
Counted once