The premium is then invested Gold Standard Foundation, an internationally by reducing their carbon footprint and compensating their emissions will a changing climate, like planting add-on fairtradr to Gold Standard certification of carbon emissions reductions.
Applicability of the Standard The Fairtrade Climate Standard applies to: Fairtrade Carbon Credit FCC producer organizations; project facilitators, who can support the producer organizations to implement the projects; traders, who buy and sell on the FCCs; and end buyers, who buy the FCCs to compensate their carbon emissions. If the market price of offsets ever goes above the Fairtrade minimum, buyers are required to pay the market price instead. Climate Standard Climate change Fairtrade International developed the Fairtrade Climate Standard, as a way to support smallholders and rural communities to produce Fairtrade Carbon Credits and gain access to the carbon market. It calculates a minimum price that ensures the average costs of the projects will be covered, plus an additional "Fairtrade Premium" on top that goes directly to the local community to fund activities that help them adapt and become more resilient to an already changing climate. Some carbon projects have provided employment, technical training and technology transfer to local people but many have not.
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