Carbon Offsetting Explained
Want to Reduce Your Footprint, But Can Only Reduce So Far?
Buying Carbon Credits Is Like Outsourcing Your Emission Reductions
Fossil fuels are combusted each time we fly, drive, or use electricity. Similarly, when we buy products and services from the market, fossil fuels are combusted to produce and deliver these to the market.
The combustion of these fuels creates greenhouse gas emissions which contribute to climate change.
There are many things that we all need to do to reduce these greenhouse gas impacts. In addition to this, companies can buy carbon credits to offset the greenhouse gases that they can’t reduce.
Carbon credits are created by new infrastructure based projects that save greenhouse gas emissions and displace common-place polluting alternatives. Examples of these include renewable energy power plants, energy efficiency installations, methane capture projects and more.
Each tonne of greenhouse gas that is saved by these projects can registered through 3rd party accreditation agencies and then sold as a carbon credit.
A company can then purchase the carbon credits from these infrastructure projects to offset their own unavoidable emissions impact. This effectively forces the footprint of the company to zero.
The revenue received for the sale of a carbon credit helps finance the infrastructure project and drives further investment into clean technologies. Hence, buying carbon credits not only cancels out a company’s emissions, but it helps transform society to become more green and efficient.
Purchasing carbon credits fit into the NoCO2 Certification Program’s Measure, Reduce and Offset philosophy.
To read more about our current carbon credit project,
click here.