Reducing emissions and decarbonising economies is urgently required, however time is running out and the technology to do so is not always available. That's where carbon credits come in. Companies and individuals can account for their unavoidable emissions by buying carbon credits from certified activities that support community development, protect ecosystems or install efficient technology to reduce or remove emissions from the atmosphere. Read on to find out more! South Pole has hundreds of different types of climate action projects, which cover the following areas:.
You can see a selection of South Pole's climate protection projects here. Director Key Accounts Now you know the score, what climate action are you taking? Carbon Offsets Explained Reducing global emissions, enhancing livelihoods and protecting the planet. Reducing global emissions, enhancing livelihoods and protecting the planet From taking an international flight to producing raw materials to buying a morning coffee.
As businesses and as individuals we generate unavoidable greenhouse gas emissions. The choices we make have an impact on the size of our carbon footprint and many of us are reducing as much as possible.
This can include switching to renewable energy instead of fossil fuels, taking public transport instead of driving or divesting from carbon-intensive industries. But we need to act now. For what we can't currently reduce — maybe due to a lack of technology or prohibitive costs — businesses and individuals can compensate for their unavoidable emissions by financing certified climate action activities around the world by buying carbon credits — a practice sometimes called carbon offsetting.
Carbon offsets - FAQ Why should the levels of carbon and greenhouse gases in the atmosphere be reduced? Why invest in protecting the climate? What are carbon credits and how do they work?
What makes a good climate action project? How do I know that the emission reductions are actually happening? What does additionality mean? Does it matter where in the world the project is located? What are the different types of climate action projects? How do carbon removal and avoidance projects differ? Which project type should a company support? Why do prices of carbon credits vary? What impact does buying carbon offsets have? How can carbon credits support a company's overall climate strategy?
What is South Pole's role in the carbon market? If a client invests into a South Pole project, where does the money go? What impact has South Pole created through climate action projects? Why should the levels of carbon and greenhouse gases in the atmosphere be reduced? Scientists at the IPCC have shown that increased levels of greenhouse gases in the atmosphere are warming the planet. This creates extreme weather changes around the world. Currently, burning fossil fuels - coal, oil and gas — is the main driver of increased GHG levels.
Under the banner of the UN and Paris Agreement, the world's countries have come together to declare that urgent action must be taken to lower emissions if we are to maintain a habitable planet that can support the world's population.
The latest research emphasises that urgent action must be taken by everyone in order to safeguard some of the most vulnerable ecosystems and communities on the planet.
Back to top » 2. The current pledges and actions are falling short and the window to keep climate change in check is shrinking. We need to increase ambition and mobilise climate finance to lower greenhouse gas emissions drastically to reach internationally ratified targets such as the Paris Agreement and the Sustainable Development Goals SDGs.
Beyond the moral drivers, it is becoming imperative for businesses to take action in order to continue their operations, for example building resilient supply chains and mitigating financial risks, or maintaining consumer trust.
Moving capital towards climate-smart solutions opens doors to many opportunities and can be a long-term growth driver. And lays down the ground rules for transparent carbon credit trading. The plan will boost funding to developing countries where many projects are located. One answer is carbon credits. Have you read? The World Economic Forum offsets its emissions - here's what that means 6 ways travelling professionals can cut their carbon footprint People are planting tiny urban forests to boost biodiversity and fight climate change.
There are three basic types of carbon credits:. Those from reduced emissions typically energy efficiency measures Removed emissions carbon capture and planting forests And avoided emissions for example refraining from cutting down rainforests. The cycle, from project development to retirement.
Growth of voluntary carbon markets from Protected forest on the along the banks of the Katingan Mentaya River, Indonesia. License and Republishing. Written by.
More on Forests View all. How is Darwin's observation about plants helping scientists tackle the climate crisis? COP Climate change and nature loss - the world's twin challenges, on Radio Davos Every six seconds, an area of tropical forest the size of a football pitch is destroyed.
Robin Pomeroy 09 Nov Yet some critics worry the programs are an excuse to not take tougher measures to curb climate change. When a company buys offsets, it helps fund projects elsewhere to help reduce greenhouse gas emissions, such as planting trees in Indonesia or installing giant machines inside California dairies that suck up the methane produced by burping and farting cows and turn it into a usable biofuel. Supporters of offsets say they are only an acceptable tool once companies have done everything they can to pollute less, such as tightening up manufacturing processes, cutting down on office heating, or making delivery trucks run on cleaner fuels.
They can also help finance emerging green practices, technologies, and services that otherwise might struggle to find customers. To reach that goal, the university system will have to both cut back on energy use and purchase offsets. Instead, the big push in California now is for forest regeneration namely, planting more trees and changing farming practices.
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