If you develop a project that reduces carbon dioxide emissions, every tonne of emissions reduced results in the creation of one carbon offset, or carbon credit, carbon offsetting is a mechanism that allows organizations and individuals to invest in projects which mitigate climate change to counter own unavoidable emissions, for example, achieving carbon neutrality is a combination of measuring, reducing, and offsetting emissions.
Credits can be exchanged between businesses or purchased and sold in the markets, the effectiveness of carbon offsets has always drawn a certain level of scrutiny, since some sceptics argue that the offset projects actually create carbon emissions. In the first place, find out how to reduce your carbon footprint, and take responsibility for your residual emissions.
You help your organization source and buy certified carbon credits from a range of approved carbon credits suppliers and originators, like other carbon offset projects, it also can be hard to tell if someone might have been planning to do something even without the incentive of the offset, thereby, to aid a rapid and just transition, organizations can offset any remaining or unavoidable emissions through verified carbon credits.
One is to operate successfully as a market, with a steady supply of carbon offsets and varying prices to ensure that profits can be made, voluntary offset markets function outside of the compliance markets and enable organizations and individuals to purchase carbon offsets on a voluntary basis.
Want to check how your Carbon Credits Processes are performing? You don’t know what you don’t know. Find out with our Carbon Credits Self Assessment Toolkit: