Hills and distance are secondary, it's the infrastructure that allows this beatiful stat.
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The most scientifically rigorous and trustable carbon credit market possible is a system where people are bribed to bicycle to work instead of driving their car.
Would it still be a market full of people bullshitting and taking the bribe while still driving to work? Probably. Would people end up enjoying the benefits of bicycling so much they don't even need to be bribed? Probably but is that actually technically even a fail state of a carbon credit system? Even considered in the worst light a Carbon Credit Bicycle Bribing System would still be an order of magnitude less full of bullshit and fraud than in the currently existing carbon credit markets so I think it would it be a net benefit to the earth to abandon current fantasies and refocus entirely on bribing people to bicycle to work.
Up to 10k with a hill or two is fine to cycle every day.
I do 16k with 1.5 hill - still definitely doable!
I do 12Km with a lot of hills, but I have an e-bike so it's pretty easy
Typical commute 20k, 500m ele, MTB, my doctor was asking if I take statines when he saw my blood tests...