A valuable tool for supplementing a company’s emission mitigation efforts
CARBON OFFSETS
Carbon Offsets are reductions in greenhouse gas (GHG) emissions that compensate for emissions elsewhere, resulting in a net reduction. They can be an important tool for companies trying to meet their voluntary carbon footprint timelines, provided they are responsibly integrated into a comprehensive sustainability strategy.
Each Carbon Offset or Carbon Credit is the equivalent to the reduction of one metric ton of CO2 generated by an environmental project.
Each Carbon Offset or Carbon Credit is the equivalent to the reduction of one metric ton of CO2 generated by an environmental project.
Carbon offsetting can supplement mitigation methods as part of a comprehensive roadmap to decarbonization.
Carbon Offset Projects must meet quality assurance standards which are set by governments and independent certifying bodies. Companies can invest in these projects directly, or buy transferable Carbon Offset Credits. The purchaser of an offset credit is able to claim the underlying reduction toward their GHG reduction goals when their credit is “retired.”
Types of Carbon Offset Projects include:
Types of Carbon Offset Projects include:
Carbon Offset Projects
Each Carbon Offset Project is validated by an independent verifier and registered with a Carbon Offset Program. Because the Carbon Credits they generate are not simple commodities, these standard-setting organizations provide quality assurance, each generating its own brand of credit. There are two basic kinds of Carbon Offset Programs:
Carbon Offset Programs
Even with the quality assurances of Carbon Offset Programs, price discovery requires time and expertise. There are various pros and cons specific to project methodology, requiring careful consideration to ensure that the credits purchased fit with a company’s comprehensive roadmap to sustainability.
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