Carbon Offsets & Carbon Projects

Carbon Offsets & Carbon Projects

Carbon offsets are a way to compensate for the greenhouse gas emissions produced by individuals, companies, or activities by investing in projects that reduce or remove an equivalent amount of carbon dioxide (CO2) or other greenhouse gases from the atmosphere. The idea is to create a balance between emissions released into the atmosphere and emissions removed or reduced elsewhere.

We believe (certainly in the voluntary carbon offset markets) that purchasing carbon offsets should be a last resort. We promote working on finding internal efficiencies and opportunities for carbon footprint reductions first, then looking outside at your social investment projects and other opportunities to help support climate adaption rather than just mitigation.  Our view is that stakeholders, investors and customers take a much more favourable view of companies who are transparent about their carbon footprint, who work hard to minimise their impact and find innovative ways to make a difference rather than just "paying for cargon credits" and carrying on in a business as usual scenario.

There are so many ways to incorporate various climate change adaptation strategies into your social investment projects and work to help communities adapt to climate change rather than buying carbon credits which may be far removed from your actual business. In some instances, there could be a strong case for developing your own carbon offset projects. Ultimately, at ETC-Africa, we promote looking inward first and using external, commercial / on-market carbon credits as an absolute last resort.

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Our Approach To Reducing Your Carbon Footprint 

Reducing your carbon footprint should be like investing for retirement, a diversified approach ensures a safer, long term return on investment! We don't believe in just buying carbon credits to reduce your footprint, we believe the right way to address climate change for companies is through a diversified, strategic and holistic approach 

Reduce Internally 

Finding ways to internally reduce your emissions saves money, creates efficiency and is the ethical way to do things. Every company has a carbon footprint, We believe that the number is less important than what you're doing about it. 

Adaptation 

There are so many innovative ways a business can help address climate change (beyond offsets) that leaves a meaningful impact, especially in those potential impact areas where climate mitigation and climate adaptation cross over. 

Here's how carbon offsets typically work:

  • Emission Calculation: First, the amount of greenhouse gas emissions generated by a specific activity or entity is calculated. This could include emissions from activities like transportation, energy production, or manufacturing.
  • Offset Purchase: To offset these emissions, individuals or organizations can purchase carbon credits or offsets from projects that either reduce emissions or remove greenhouse gases from the atmosphere.
  • Types of Projects: Carbon offset projects can take various forms, including:
    • Renewable Energy Projects: Supporting wind, solar, or hydroelectric projects that generate clean energy.
    • Afforestation and Reforestation: Planting trees or protecting existing forests to absorb CO2 from the atmosphere.
    • Methane Capture: Capturing and utilizing methane emissions from landfills or agricultural operations.
    • Energy Efficiency Initiatives: Implementing technologies or practices that improve energy efficiency and reduce emissions.
  • Verification and Certification: To ensure the credibility of carbon offset projects, they often undergo third-party verification and certification processes. These processes assess the project's effectiveness, its additionality (whether the emission reductions wouldn't have happened without the offset funding), and its overall environmental and social impact.
  • Retirement: Once the carbon credits are purchased, they are retired or cancelled to ensure that the emission reductions or removals are not double-counted. This means the entity or individual claiming the offset can no longer use it, ensuring that the impact is properly accounted for.

Carbon offsets are often seen as a temporary solution to address emissions while more permanent and direct emission reduction measures are implemented. Relying solely on offsets may allow some entities to continue emitting greenhouse gases without making substantial efforts to reduce their carbon footprint. However, when used responsibly, we agree that carbon offsets can play a role in a broader strategy to combat climate change.

 

We'd Love To Work With You On This Journey ....Get In Touch 

Give us a call on +27 (0) 83 2255960 

or email us on This email address is being protected from spambots. You need JavaScript enabled to view it. | This email address is being protected from spambots. You need JavaScript enabled to view it. 

 

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