Category: Carbon Offsets
Carbon offsets are a voluntary form of trade where one entity can buy a reduction of carbon dioxide emissions from a third party for money. Carbon offsets fund projects that reduce greenhouse gasses in a series of short term and long term. These projects range from reforestation to renewable energy investments. Carbon offsets are measured in terms of metric tons of carbon dioxide equivalents and are different from RECs
- Easy short term solution to reach carbon neutrality.
- When done correctly, offsets can fund sustainable projects worldwide.
- Offsets are hard to manage and measure and money may be lost to the middleman.
- Additionality is hard to quantify.
- Greenhouse Gas Impact
- Economic Impact
- Small Net Cost
- < 1 year
- Low / None
- Hmm... Okay.
Greenhouse Gas Impact
On paper, offsets can mitigate a lot of CO2.
This is a purchase with no return on investment.
Easiest way to remove responsibility away from the campus to a third party.
Offsets can be bought at any time.
Once paid for, it’s out of sight and out of mind.
Campus users may not be well informed and many times offset programs can literally not exist.
- Ruby Woodside Senior Manager, Climate Programs Second Nature Contact