According to the United Nations, Climate Action is to take urgent action to combat climate change and its impacts. The UN has included Climate Action as its 13th Sustainable Development Goal.
According to the UN, Climate Action aims to intensify efforts to reduce greenhouse gas emissions and carbon offsetting is about compensating the carbon dioxide emitted through participation in environmental projects. The ultimate goal of climate action is to make the company net-zero and that the objective of carbon offsetting is to make the company carbon neutral.
Net-zero emissions are achieved when anthropogenic emissions of greenhouse gases to the atmosphere are balanced by anthropogenic removals over a specified period.
Carbon-neutrality refers is when a company is measuring and mitigating it’s CO2 footprint, compensating their residual carbon emissions. Net-zero carbon means that the company is measuring and mitigating its impact on climate (all GHG emission, local environment, water etc.) Residual emissions are compensated by carbon removals . Net zero emissions are achieved when anthropogenic emissions of greenhouse gases to the atmosphere are balanced by anthropogenic removals over a specified period.
Carbon neutrality happens when the CO2 released into the atmosphere is balanced or offset by an equivalent amount being removed. Climate-neutrality is the mitigation of all greenhouse gases (GHG), not just carbon dioxide. Carbon dioxide comprises around 80% of all gases but there is also water vapour (H₂O), nitrous oxide (N2O), methane (CH4), ozone (O3) and some Halocarbons (such as CFCs, HCFCs, HFCs and PFCs).
Carbon offsets help reduce or avoid emissions but have no effect on current levels of CO₂ in the atmosphere. Carbon dioxide offsets remove CO₂ that has already been emitted into the atmosphere, thereby reducing the absolute amount of CO₂ in the atmosphere
Carbon credits in the voluntary market allow companies to compensate for their emissions. For each carbon credit purchased and retired, a company can claim an emission reduction of 1 ton of CO2 equivalent emissions. These carbon credits come from projects that can pertain different methodologies and different co-benefits, but all serve the same purpose: of compensating emissions, regardless of the project type.
Greenwashing happens when you give a false impression or misleading information about how an organization’s products or services are more environmentally sound. It is a practice that deceives consumers into believing that an organization is environmentally friendly.
It is the action or process of compensating emissions from business or human activity by participating in projects that are designed to make equivalent reductions in the amount of carbon dioxide that one has released into the atmosphere.
No. The mission of companies must always be to set and meet carbon reduction targets while offsetting their emissions. It is not a matter of choosing between the two, but of meeting both simultaneously. Offsetting allows companies to compensate for emissions that could not have been avoided.
As we have seen in recent years, wildfires are a global problem. This is also affecting forestry projects, as there is a possibility of wildfires in the project area. However, this issue is mitigated by a buffer pool or buffer mechanism, where a certain number of credits are withheld as insurance in case of unexpected events.
The price of offsets can vary from less than one dollar per ton to more than 50 dollars per ton. This is because the price depends on several factors such as the project, the standard under which it was developed, the location and the co-benefits associated with the project.
Claims can be made after an end-user or intermediary has cancelled a credit or energy certificate. Once emissions have been cancelled or offset, the organization can claim neutrality. Claims can be done for a company, product, service or event. At Strive we help you achieve carbon neutrality and give you the necessary documents and labels of proof.