206 RBCIAMB | v.57 | n.2 | June 2022 | 206-214 - ISSN 2176-9478 R E S U M O O presente estudo tem o objetivo de mensurar o potencial de redução de Gases do Efeito Estufa por meio do levantamento da geração de metano evitada por uma empresa de coleta e do tratamento dos resíduos orgânicos de grandes geradores através da compostagem. A metodologia utilizada foi a avoidance of methane emissions through composting, do Mecanismo de Desenvolvimento Limpo, considerando como linha de base as emissões do aterro sanitário Central de Tratamento de Resíduos Santa Rosa, localizado em Seropédica, Rio de Janeiro. Com os dados de quantidade de resíduos orgânicos compostados pela empresa, foram calculadas as emissões de CO 2 eq em função dos fatores de emissão padrão estabelecidos na ferramenta metodológica. Os dados mostram que se evitou que 22.062 toneladas de CO 2 equivalentes fossem lançadas na atmosfera, o que corresponde a uma redução de 83,5% das emissões de CH 4 que ocorreriam caso os resíduos compostados pela empresa fossem destinados à Central de Tratamento de Resíduos Santa Rosa. Contabilizando, em termos de crédito de carbono, esse valor corresponderia, atualmente, a aproximadamente 17 mil euros anualmente. Dessa forma, a aplicabilidade deste trabalho contribui como base científica para auxiliar a tomada de decisão e efetividade de demais projetos de compostagem, possibilitando ainda mais reduções de emissões de Gases do Efeito Estufa em longo prazo, bem como adequação às perspectivas futuras de desenvolvimento do mercado de carbono. Ao mesmo tempo, esperamos contribuir para a construção de cenários alternativos para mitigação e redução das emissões de Gases do Efeito Estufa no Brasil e promover a gestão de resíduos sustentável, como determinado pela Política Nacional de Resíduos Sólidos. Palavras-chave: gases do efeito estufa; metano; emissões evitadas; aproveitamento energético; mitigação de CO 2 ; mercado de carbono; mecanismo de desenvolvimento limpo. A B S T R A C T This study aims to measure the potential for reducing Greenhouse Gases by surveying the amount of methane avoided by a company that collects and processes organic waste from large generators through composting. The applied methodology was the avoidance of methane emissions through composting, from the Clean Development Mechanism, considering as a baseline the emissions of the Santa Rosa sanitary landfill, located in the city of Seropédica, state of Rio de Janeiro, Brazil. With data on the amount of organic waste composted by the company, the emissions of carbon dioxide equivalent (CO 2eq ) were calculated, considering the standard emission factors established in the methodological instrument. The data show that the emission of 22,062 tons of CO 2eq was avoided, which corresponds to a reduction of 83.5% of CH 4 emissions, if the waste composted by the company were deposited in the Santa Rosa sanitary landfill. In terms of carbon credit, according to the calculation, this value would correspond to approximately 17 thousand euros annually (considering current values). Thus, the applicability of this study contributes as a scientific basis to assist decision-making and effectiveness of other composting projects, enabling greater reductions in emissions of Greenhouse Gases in the long term and adequacy to the future perspectives of carbon market development. At the same time, it contributes to the construction of alternative scenarios for mitigation and reduction of Greenhouse Gases emissions in Brazil and promotes sustainable waste management, as determined by the National Solid Waste Policy. Keywords: greenhouse gases; methane; energy use; avoided emissions; CO 2 mitigation; carbon market; clean development mechanism. Potential of carbon credits generation from organic waste composting of large generators: an alternative to the final disposal in sanitary landfills Potencial de geração de créditos de carbono via compostagem de resíduos orgânicos de grandes geradores: uma alternativa à disposição final em aterros sanitários Carlos Felipe Catorza1 , Ana Ghislane Henriques Pereira Van Elk1 , Luiz Henrique Soares Passos1 1Universidade do Estado do Rio de Janeiro – Rio de Janeiro (RJ), Brazil. Correspondence address: Ana Ghislane Henriques Pereira van Elk – Universidade do Estado do Rio de Janeiro – Rua São Francisco Xavier, 524 5 andar, Bloco F, Sala 5029 CEP: 20550-900, Rio de Janeiro (RJ), Brazil. E-mail: anaghislane@eng.uerj.br Conflicts of interest: the authors declare no conflicts of interest. Funding: none. Received on: 05/03/2021. Accepted on: 02/17/2022 https://doi.org/10.5327/Z2176-94781121 Revista Brasileira de Ciências Ambientais Brazilian Journal of Environmental Sciences Revista Brasileira de Ciências Ambientais Brazilian Journal of Environmental Sciences ISSN 2176-9478 Volume 56, Number 1, March 2021 This is an open access article distributed under the terms of the Creative Commons license. https://orcid.org/0000-0002-9941-2405 http://orcid.org/0000-0002-7816-3622 https://orcid.org/0000-0003-3174-9279 mailto:anaghislane@eng.uerj.br https://doi.org/10.5327/Z2176-94781121 http://www.rbciamb.com.br http://abes-dn.org.br/ https://creativecommons.org/licenses/by/4.0/ Potential of carbon credits generation from organic waste composting of large generators: an alternative to the final disposal in sanitary landfills 207 RBCIAMB | v.57 | n.2 | June 2022 | 206-214 - ISSN 2176-9478 Introduction The main greenhouse gas in the solid waste treatment sector is methane (CH4), a fuel gas resulting from the decomposition of the or- ganic fraction of municipal solid waste in sanitary landfills and dumps (Jeswani and Azapagic, 2016). According to the United Nations Environment Programme (UNEP), solid waste management is responsible for 5% of anthro- pogenic greenhouse gas (GHG) emissions on a global scale (Kaza, 2018). However, the sector has the potential to become one of the largest reducers of GHG emissions, because when waste is recovered and reinserted into the supply chain, emissions from the extraction and transportation processes of natural resources are avoided, posi- tively affecting the entire production flow (UNEP and ISWA, 2015; Firmo et al., 2019). Therefore, municipal solid waste (MSW) management plays a stra- tegic role in policies on climate protection and implementation of a low-carbon economy, considering its potential for integration with several economic sectors (Reichert and Mendes, 2014; Jensen et  al., 2017). The improvement of waste management can contribute about 15 to 20% to the reduction of total emissions, considering the entire life cycle of materials and the hierarchy in waste management (UNEP and ISWA, 2015). The predominant component of MSW in Brazil is organic matter, which represents approximately 45% of the waste (ABRELPE, 2021). Of this amount, only 1.5% goes to composting units (Brasil, 2021). The vast majority of organic waste is destined for sanitary landfills and open dumps, which represents a waste of valuable resources, gener- ation of greenhouse gases – as a result of the anaerobic digestion of these final disposal sites –, generation of leachate, and other environ- mental impacts (Jeswani and Azapagic, 2016; Sharma and Chandel, 2016). An important tool for the valorization of organic waste in Brazil is composting (Deus et al., 2017; Rodrigues et al., 2019), which consists of the controlled degradation of the organic fraction of solid waste in the presence of oxygen, producing organic fertilizer at the end of the process (Kiehl, 1998; Awasthi et al., 2020). With the use of this technique, it is possible to reduce the amount of waste destined for sanitary landfills, the generation of leachate, and methane emissions to the atmosphere, as well as reducing the use of chemical fertilizers (Andersen et al., 2010; Jensen et al., 2016; Chen et  al., 2020). Another relevant aspect for the valorization of this waste is the possibility of obtaining carbon credits with the val- orization of organic waste (Andersen et al., 2012). Zago and Barros (2019) highlight the need to comply with the National Solid Waste Policy, which prioritizes recycling and treatment before disposal in sanitary landfills. Sanchez et al. (2015) and Mortula et al. (2020) indicate that com- posting is one of the cheapest technologies to treat organic waste, con- sisting in a sustainable strategy and one of the technologies that can be employed in any scenario of solid waste management, including devel- oped and developing countries. However, in Brazil, millions of tons of organic waste are still buried, burned, or disposed of in dumps due to the lack of knowledge of the potential to use this waste, as well as the negative impacts they cause when disposed of inappropriately (Zago and Barros, 2019) . Menezes et  al. (2019) highlight that, considering the high incidence of organic waste in the gravimetric composition of MSW, in addition to the low percentage of recovery and treatment, the structure of selective waste collection must be reassessed to ratify a po- tential to be explored. According to Jensen et  al. (2017), the use of natural compounds implies better absorption of nutrients from the soil, reduced energy in the production of fertilizers and release of nitrous oxide into the atmosphere, in addition to increasing water retention in the soil. Polzer (2016) highlights the use of fertilizer generated in the compost- ing process in urban green spaces such as squares, vegetable gardens, vertical gardens, and even green roofs. Due to the environmental impacts arising from global warming and directly related to greenhouse gas emissions, policies were imple- mented to propose international trade cooperation actions to mitigate GHG emissions. This concern culminated in the creation of the carbon market, defined by Article 12 of the Kyoto Protocol, allowing the nego- tiation of carbon credits generated from the implementation of Clean Development Mechanisms (CDM) projects (UNFCCC, 2015; Diniz Oliveira et al., 2019). CDM projects had bureaucratic characteristics, strict criteria, and high costs involved in their implementation (Godoy, 2013). Nevertheless, due to the trade of carbon credits generated, 344 proj- ects registered with the CDM Executive Board were implemented in Brazil. Of these, 52 are sanitary landfill projects with biogas recovery to burn in flare or power generation (UNFCCC, 2020), promoting job creation, income, and technological development (IPEA, 2018). The total number of GHG emission reductions from Brazilian projects reached 379  million in December 2019 (Brasil, 2019; UNFCCC, 2020). The CDM was incorporated into Article 6 of the Paris Agreement as a Sustainable Development Mechanism (SDM), strengthening the expansion trend of the carbon market, focused on shared interests of  mitigation and sustainable development, without differentiation of groups or parties (Santos et al., 2017; Stua et al., 2022). With the advent of the Paris Agreement, in force since 2016, new opportunities for carbon credit generation arise, resulting from projects in the solid waste sector, as the 195 countries that signed the Agreement committed themselves to meeting voluntary emission re- duction goals, with the aim of reducing carbon dioxide (CO 2) by 2030 and achieve carbon neutrality by 2050. To this end, the adoption of the composting technological route to treat the generated organic waste contributes to the reduction of greenhouse gas emissions and the gen- eration of carbon credits, as organic waste is no longer disposed of in sanitary landfills and can be computed as avoided CO2 emissions. Catorza, C.F. et al. 208 RBCIAMB | v.57 | n.2 | June 2022 | 206-214 - ISSN 2176-9478 In addition to markets regulated by jurisdictions to meet the goals set by the Nationally Determined Contributions (NDCs), there are vol- untary markets, which are sought after by companies that seek to meet environmental standards, but which can be audited by independent agencies (Mota, 2021). Both carbon credit markets have been growing, reaching values of approximately 50 euros in 2021 (ICAP, 2021). Considering this context and aiming at strategic changes in reduc- ing emissions in waste management, it is expected that the regulation of the carbon market will be a way to advance solid waste management in Brazil (van Elk et  al., 2021), as companies and countries that have a goal of reducing waste emissions may be interested in buying car- bon credits from projects in the solid waste sector (Stua et al., 2022). In this sense, large waste generators play an important role due to their responsibility in the collection and treatment of generated waste, and with the possibility of gains from the sale of carbon credits as a stimu- lus to comply with the legislation (Catorza, 2020). Some countries have already launched their compliance markets. Among the most important ones are the markets from Europe, Chi- na, Germany, and in the state of California (Ricce, 2021). In Brazil, Bill No. 528 aims to establish guidelines for the regulated and vol- untary carbon markets, with the creation of the Brazilian Emissions Trading System. The objective of this study was to measure the potential for reduc- ing GHG emissions and generating carbon credits by choosing the composting technique as an alternative to the disposal of organic waste in sanitary landfills, using as a case study a company from Rio de Janei- ro that treats the organic fraction of solid waste from large generators and the methodology for calculating the CDM. Material and Methods For conducting the present study, a case study was carried out based on a company that collects and treats organic waste from large generators in the state of Rio de Janeiro, Brazil. The study consisted of surveying the amount of carbon that would be generated if the waste treated at the company was destined for the sanitary landfill of the city of Seropédica, called Santa Rosa. Carbon credits will be presented in euros, as the European market is one of the pioneers and most import- ant carbon markets in the world. Company for collection and treatment of organic waste from large generators Based on the proposed objectives, a survey of companies collecting and treating organic waste from large generators in the state of Rio de Janeiro was carried out. The company in question was chosen for the study because it operates the composting process on an industrial scale, with the capacity to process 1,500 tons of organic waste per month, and also because it has data on its activity dating from up to ten years. Waste treatment is carried out in the municipality of Cachoeiras de Macacu, in the mountainous region of Rio de Janeiro, and the compa- ny operates using the Windrow Composting technique, in which aera- tion is passive and windrow turnover is mechanized. The waste treated at the company is transformed into organic fertilizer within 45  days, completing the cycle from the collection of waste from large generators to the composting process, compost production, cultivation, and mar- keting of organic foods by the company itself. Clean Development Mechanism methodology: avoidance of methane emissions through composting Estimations of methane reductions were performed using the Clean Development Mechanism (CDM) methodology: avoidance of methane emissions through composting (AMS-III.F.), version 12.0, which consists of avoiding methane emissions to the atmosphere by applying treatment measures for organic waste such as composting. Therefore, CH 4 emissions to the atmosphere are reduced and carbon credits are generated as a result, which can be explained by Equation 1: ERy = BEy – PEy (1) Where: ERy = reductions in CH4 emissions in year y (tCO2e/year); BEy = CH4 emissions at baseline in year y (tCO2e/year); PEy = CH4 emissions by the composting project in year y (tCO2e/ year). In this context, methane emissions from the sanitary landfill repre- sent the baseline, while the application of waste destined to treatment with composting and its respective emissions constitute additionality (UNFCCC, 2016). CH4 emissions at baseline: Santa Rosa sanitary landfill, in Seropédica The calculation of emissions at the baseline consists of estimating the amount of methane that would be generated if the organic waste collected by the composting company were destined for the Santa Rosa sanitary landfill, in the city of Seropédica, which is the business as usu- al of destination of solid organic waste in the study region. No measurements were performed at the activity site of the sani- tary landfill to monitor GHG emissions; hence, the calculations used standardized values, presented in the Project Design Document (PDD) of the Seropédica Sanitary Landfill — entitled CPA-1: Recuperação do gás de aterro, geração de energia e distribuição de biogás da CTR Santa Rosa em Seropédica [Landfill gas recovery, power generation, and bio- gas distribution from Santa Rosa sanitary landfill in Seropédica] — as well as standardized emission factors from the CDM Tool AM04 Meth- odological tool: Emissions From Solid Waste Disposal Sites — Version 08.0 and updated according to the United Nations Framework Con- Potential of carbon credits generation from organic waste composting of large generators: an alternative to the final disposal in sanitary landfills 209 RBCIAMB | v.57 | n.2 | June 2022 | 206-214 - ISSN 2176-9478 vention on Climate Change (UNFCCC) and the Intergovernmental Panel on Climate Change (IPCC) (UNFCCC, 2012, 2017a). The CDM Tool AM04 was chosen because of the requirement to apply this tool to CDM projects that avoid the disposal of munici- pal solid waste in sanitary landfills, and consequently avoid GHG generation in these locations (Santos et al., 2017; UNFCCC, 2017a). Equation 2 presents the formula for calculating CH4 emissions in sanitary landfills. BECH4, SWDS, y = φ ∙ (1 – f ) ∙ GWPCH4 ∙ (1 – OX) ∙ (16/12) ∙ F ∙ DOCf ∙ MCF ∑ y x = 1∑j Wjx . DOCj . e -kj (y-x) . (1-e-kj) (2) Where: BECH4, SWDS, y = baseline methane emissions during year y, with the dis- posal of organic waste in sanitary landfills, during the period from the beginning of the composting project activity until the end of the year y (tCH4); φ = standard value for the correction factor to account for model un- certainties; f = fraction of methane captured at the sanitary landfill and burned in flare, incinerated, or otherwise used; GWPCH4 = global warming potential of CH4; OX = oxidation factor, which reflects the amount of methane from the landfill that is oxidized in the soil or other material that covers the waste; F = methane fraction in landfill gas (volume fraction); DOCf = fraction of degradable organic carbon (DOC) that can de- compose; MCF = methane correction factor; DOCj = fraction of degradable organic carbon (by mass) in type-j waste; Kj = decay rate of type-j waste; Wj,x = amount of type-j organic waste disposed of at the landfill in year x (tons); X = year when the composting company began its activities; Y = year for which methane emissions were calculated, considering the total time for degradation of all organic matter deposited until 2019. Input data, emission factors, and equations were entered into Mi- crosoft Excel spreadsheet software to perform the calculations and ob- tain the results, using the following values: φ = 0.9; f = 0.5; GWPCH4 = 28; OX = 0.1; F = 0.5; DOCj = 0.15; Kj = 0.4; Wj,x = 78,053; X = 2007; Y = 2031 (UNFCCC, 2012, 2017a). CH4 emissions with additionality: composted organic waste Additionality, in this context, consisted of measuring the CH4 emissions that were avoided with the application of composting for the treatment of organic solid waste, avoiding the generation of large amounts of this GHG to the atmosphere. The tool that enables to inventory GHG emissions from compost- ing, required by the AMS-III.F. methodology, is the CDM Tool Meth- odological tool AM013: Project and leakage emissions from compost- ing — Version 02.0 (UNFCCC, 2017b). Measurements were not performed to monitor GHG emissions by composting in loco; therefore, the calculations were made using standardized values, presented in the CDM Tool AM013 (UNFCCC, 2017b) calculation tool, according to Equation 3. PECOMPy = PEECy + PEFCy + PECH4y + PEN2Oy + PEROy (3) Where: PECOMPy = emissions associated with the composting project in year y (tCO2e/yr); PEECy = emissions associated with electricity consumption in the com- posting project in year y (tCO2 e/yr); PEFCy = emissions associated with fossil fuel consumption in the com- posting project in year y (tCO2e/yr); PECH4y = methane emissions in the composting project in year y (tCO2e/yr); PEN2Oy = nitrous oxide emissions in the composting project in year y (tCO2e/yr); PEROy = methane emissions from the sanitary effluents in year y (tCO2e/ yr). The term PEROy was not considered for estimating GHG emis- sions, as the composting company does not treat sanitary effluents in its process. Conversely, the variables PEECy, PEFCy, and PEN2Oy were disregarded, in such a way that only CH4 emissions between the composting process and methane emissions at the sanitary landfill (baseline) can be compared. Thus, it is possible to reduce Equation 3 to PECOMP = PECH4. According to the CDM Tool AM013, CH4 emissions in the com- posting process can be estimated by finding the results for the term PECH4, using Equation 4 as follows: PECH4y = Qy x EFCH4y x GWPCH4 (4) Where: PECH4y = methane emissions in the composting project in year y (tCO2e/yr); Qy = amount of composted waste (78,053 t/yr); EFCH4y = methane emission factor (CH4) per ton of composted waste in year y (0.002tCO2e/yr); GWPCH4 = global warming potential of methane (CH4) (28tCO2/ tCH4). Catorza, C.F. et al. 210 RBCIAMB | v.57 | n.2 | June 2022 | 206-214 - ISSN 2176-9478 The CDM Tool AM013 uses conservative values for emission fac- tors, when it is not possible to guarantee the efficiency of the compost- ing process; hence, it is important to carry out monitoring campaigns to obtain specific CH4 emission factors for each project. CH4 emission reductions and carbon credits with aerobic composting The amounts of GHG emission reductions attributed to a CDM project activity result in Certified Emission Reductions (CER) traded on the carbon market. Based on the results of the calculations of the emissions at the base- line (Seropédica sanitary landfill) and the emissions from the compost- ing process, it was possible to find the methane emission reductions with the application of composting for the treatment of the organic fraction of municipal solid waste. By Equation 5, the amount of CH4 avoided when using aerobic composting for the treatment of organic waste was obtained; this will also be the value of GHG reductions to obtain carbon credits (CER). CERy = BEy – PEy (5) Where: CERy = Certified Emission Reductions of CH4 in year y (tCO2e/yr); BEy = CH4 emissions at baseline in year y (tCO2e/year); PEy = CH4 emissions by the composting project in year y (tCO2e/ year). The amount of CH4 emissions avoided by composting was mul- tiplied by the historical price values of the CER quotation during the period of activity of the composting company, and, thus, the values that could be acquired – if carbon credits were claimed – were found, as indicated in Equation 6. For the period after 2021, the value of the last quotation (€48.64) was considered. The values of the quotations of Carbon Credits used in the calculation were collected on the Interna- tional Carbon Action Partnership (ICAP) platform (ICAP, 2021). €CER = € x CER (6) Where: €CER = value obtained with CER in year y; € = value of Euro/tCO2eq in year y; CER = CH4 emissions avoided in year y. Results and Discussion Data on the amount of composted organic waste are presented in Table 1 and concern the company’s period of activity, from 2007 to 2019, when the last annual balance sheet was released, totaling 78,053 tons of organic waste treated throughout the period. This val- ue will be the reference for the construction of the baseline and ad- ditionality scenarios. In Table 1, the evolution of the amount of organic waste treated in the company is noteworthy, especially as of 2010, when the Na- tional Solid Waste Policy was enacted, considering that, from that moment on, there was greater demand for the correct disposal of or- ganic waste. According to the data obtained from the AMS-III.F. method- ology, the composting company prevented 22,062 tons of CH4 in equivalent CO2 from being released into the atmosphere when per- forming the treatment of the organic fraction of waste from large generators in the state of Rio de Janeiro, which corresponds to a re- duction of 83.5% in CH4 emissions that would be generated at the Santa Rosa sanitary landfill; that is, for each ton of organic waste treated by composting, 283 kg CO2eq are prevented from being re- leased into the atmosphere. Figure 1 shows the GHG emissions that would be generated at the Santa Rosa sanitary landfill in Seropédica (baseline), the emissions generated during the composting process, and the emission reductions over time (additionality). Regarding the possibilities of earning revenues from carbon cred- its, the results estimated values higher than €422,000, the currency used in carbon market transactions in the European market, as shown in Figure 2. Table 1 – Amount of organic waste composted in the company under study. Composted organic waste (food waste) Year Wj,x (Tons) 2007 2,500 2008 3,110 2009 3,470 2010 4,010 2011 5,140 2012 5,220 2013 6,010 2014 6,580 2015 7,070 2016 7,430 2017 8,020 2018 9,303 2019 10,190 Total 78,053 Source: Catorza (2020). Potential of carbon credits generation from organic waste composting of large generators: an alternative to the final disposal in sanitary landfills 211 RBCIAMB | v.57 | n.2 | June 2022 | 206-214 - ISSN 2176-9478 It should be noted that the identified methane emissions resulting from composting could be even lower, as the default emission factor (2 Kg.Mg-1), defined in the calculation tool for obtaining carbon cred- its through aerobic composting in CDM projects, is deemed conserva- tive (UNFCCC, 2017b). Thus, when applying specific emission factors available in the technical literature, such as the emission factor devel- oped by Inácio (2010) for composting (1.2 Kg.Mg-1), the reduction of total CH4 could reach 90%. However, the calculation tools indicate that, when there are no measurement campaigns at the site of activity, the emission factors defined in the tool itself should be used (UNFC- CC, 2017b). Data on emission factors in composting can be found in Amlinger et al. (2008) and Jensen et al. (2017). Therefore, it is possible to identify that, even with small changes and variations in the values and parameters of the used formulas, sig- nificant impacts can be generated. The results show that the development of composting as the main form of final disposal of organic waste is essential for the management of low carbon waste and the achievement of national and global goals for re- ducing GHG emissions and, most importantly, for the success of the con- tainment strategies of global warming (Jeswani and Azapagic, 2016; Mor- tula et al., 2020). The gain from the use of this technological route does not only refer to large-scale composting plants; composting plants for industri- al kitchens, condominiums, shopping malls, and other small and medium scale generators are equally advantageous (Lima Júnior et al., 2017). The valuation of organic waste can help solving serious environmen- tal problems such as soil degradation, erosion, and climate change. Both cities and companies and agriculture widely benefit from considering their organic solid waste as a precious “resource,” converting it into fer- tilizer and/or energy, creating jobs, and contributing to the reduction of the costs of its disposal (Zago and Barros, 2019). Despite the numerous advantages of recycling organic waste, there are difficulties, including in countries with high recycling rates, such as European countries and the United States of America, because technologies are not always economi- cally feasible and there are difficulties inherent in the collection of organ- ic waste that is not contaminated (Abramovay et al., 2013). As for carbon credit revenues, the amounts represent an average of €17 thousand per year, which can be used to purchase equipment, im- proving infrastructure, vehicles, and human resources, thus boosting the operation of the composting company, promoting greater customer reach, greater amount of organic waste collected and treated, reduction of GHG emissions, and revenues from carbon credits, in addition to a more sustainable and circular waste management. Composting projects can be developed with the aim of achiev- ing higher revenues when considering carbon credits, which can en- able small-scale and decentralized projects, which, in the absence of credit mechanisms and government incentives, would be unfeasible. Within this context, it is possible to improve the management of or- ganic waste, avoiding greater environmental impacts with the improp- er disposal of waste, as well as promoting the valorization of organic waste with the aid of carbon markets (Galgani et al., 2014; Paiva et al., 2015; Torres et al., 2016). New circular business models that seek the valorization of organic waste are essential to the success of public policies in the waste sector. Considering this scenario, there must be incentives for these ventures, as determined by the National Solid Waste Policy (PNRS in Portu- guese), as they provide an environmental service by avoiding the im- pacts related to CH 4 emissions and leachate generation – which would occur if organic waste were not correctly treated (Firmo et  al., 2019; Rodrigues et al., 2019) — as well as promoting cost reduction with the disposal of organic matter in sanitary landfills (Polzer, 2016; Zago and Barros, 2019). In this sense, the continuity and evolution of the carbon market may represent a competitive advantage for waste treatment ventures aimed at CER revenues, considering that, according to a study carried out by the University of Maryland (Edmond et  al., 2019) on the eco- nomic potential of Article 6 of the Paris Agreement, the regulated car- bon market can reach US$250 billion annually by 2030. No monitoring campaigns were carried out during the activities of the composting company and, therefore, the CDM Tool AM013 conser- vatively considers CH4 and N2O emissions in its standard emission factors (UNFCCC, 2017b). Figure 2 — Carbon credit revenues during the project lifetime. Figure 1 — CO2 emissions at baseline and with additionality. http://Kg.Mg http://Kg.Mg Catorza, C.F. et al. 212 RBCIAMB | v.57 | n.2 | June 2022 | 206-214 - ISSN 2176-9478 The development and application of research to define optimal aer- ation rates, maintenance of oxygen and water contents through defined operating procedures, while studying the variation in GHG emissions during the composting stages, allows determining a specific emission factor for composting projects on an industrial scale, and thus contribute as a scientific basis to greater use of composting as a technological route for treating organic waste, aiming at low carbon waste management. Conclusion In this study, the authors estimated CO2eq emissions that were avoided when composting was used to treat organic waste from large generators collected and treated by a medium-sized company. The methodology applied in the research was the AMS-III.F., and, through the calculation tools of the MDL, AM04, and AM013, the baseline and additionality were calculated. The results showed that the treatment of organic waste by composting processes has the potential to prevent 22,062 tons of equivalent CO2 from being released into the atmosphere, taking as a reference scenario the waste disposed of at the Santa Rosa sanitary landfill. This value corresponds to 283 kg CO2eq for each ton of composted waste. The amount of emission reduction recorded in carbon cred- its, considering the value in euros, represents an average revenue of 17 thousand euros per year for the company. These values may be more significant with the expansion of the carbon market and the prospect of increasing the value of carbon credits in regulated and voluntary markets, as a consequence of the regulation of Article 6 of the Paris Agreement at the 2021 United Nations Conference on Climate Change (COP26), in Glasgow, Scotland. The costs related to fees and other investments required in the ac- creditation and validation process of the composting company’s pro- cesses were not considered to calculate the revenues found with carbon credits. It should be noted that these represent considerable invest- ments and should be analyzed beforehand. Thus, the applicability of this study contributes as a scientific basis to assist decision-making and effectiveness of other composting proj- ects, enabling greater reductions in GHG emissions in the long term and adequacy to the future perspectives of carbon market develop- ment. 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