Practice Test GeeksCCA - Certified Carbon Auditor Practice Test
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Portfolio Management Flashcards

7 cards from real CCA practice questions. Tap to flip, then mark Knew It or Still Learning — missed cards come back until you master them.

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  1. When managing a carbon credit portfolio, why must credits be retired in a registry before an offsetting claim is made?

    Answer: To prevent the same credit from being sold or claimed twice

    Retirement permanently removes the credit from circulation, preventing double counting.

  2. The Oxford Offsetting Principles recommend that an offset portfolio shift over time toward which type of credit?

    Answer: Carbon removals with durable, long-lived storage

    The principles call for moving from avoidance toward removals and from short-lived to long-lived storage.

  3. What is the purpose of a buffer pool in forestry carbon credit programs?

    Answer: To insure against reversals such as fires or illegal logging

    A share of credits is set aside in a buffer pool to cover potential carbon reversals.

  4. Under Article 6 of the Paris Agreement, what prevents both the host country and the buyer from counting the same emission reduction?

    Answer: A corresponding adjustment

    Corresponding adjustments ensure the host country deducts transferred reductions from its NDC accounting.

  5. Which body issued the Core Carbon Principles used to assess high-integrity carbon credits?

    Answer: ICVCM (Integrity Council for the Voluntary Carbon Market)

    The ICVCM sets the Core Carbon Principles as a global integrity threshold for voluntary credits.

  6. An auditor finds a company's offset portfolio is 90% composed of 2012-vintage renewable energy avoidance credits. What is the primary concern?

    Answer: Weak additionality and outdated vintages undermine credibility

    Old grid-connected renewable credits are widely viewed as low-additionality and of questionable integrity.

  7. Under SBTi corporate net-zero guidance, how should carbon credits from a company's portfolio be treated relative to its reduction targets?

    Answer: They cannot substitute for value-chain reductions toward targets

    SBTi does not allow credits to count toward science-based emission reduction targets; they serve beyond-value-chain mitigation or residual neutralization.