- One Carbon offset = 1 tonne of Carbon emissions. A carbon offset is a generic term for a tradable certificate representing the right to emit one tonne of carbon.
- Global Warming means too many Green House Gases (GHGs) are continuously being released into the Earth’s atmosphere, trapping heat and increasing the Earth’s temperature. It is generally believed that this has been caused largely by human activity over many years since the start of the Industrial Revolution. Resulting with the witnessed and recorded melting ice caps, rising sea levels and extreme weather patterns.
- A carbon offset is the financial instrument that represents 1 metric ton of GHG that has been reduced, stored or avoided. This can be achieved by any organisation that has produced the technology to attain this sequestration (a wind farm for example) and that is recognised and recorded by credible sources as having done so.
- The ultimate goal of purchasing carbon offsets is to offset emissions by “retiring” the offsets so that they can never be purchased or sold again and that the emissions they represent are removed forever.
Sources of Voluntary Carbon Offset projects reducing emissions
Links of current or past Projects details:
Types of Energy offset projects
- Renewable energy sources
- Energy (renewable/non-renewable)
- Energy distribution
- Energy demand
- Manufacturing industries
- Chemical industry
- Mining/Mineral production
- Metal production
- Fugitive emissions-from fuels (solid, oil and gas)
- Fugitive emissions-from Industrial gases (halocarbons and sulphur hexafluoride)
- Solvents use
- Waste handling and disposal
- Agriculture Forestry and Other Land Use
- Livestock and manure management
Why will the market contiune to grow?
With the huge pressure on the US to join the rest of the world in developing methods to reduce their enormous emissions, particularly with the additional pressure of China announcing the launch of their own carbon trading market in 2012, we believe it is not a matter of “if” the US will introduce their cap & trade system but “when.” For individuals or businesses wishing to participate in this exciting new market and gain the highest benefits, early involvement before the US system comes into place (between 2 and 5 years according to market professionals) means that they will be well positioned well.
With voluntary US offsets trading relatively low at present we firmly believe that those with the foresight to enter now realistically stand to earn very good returns with some market specialists expecting strong growth within the next 2-5 year time frame.
All voluntary offsets are set to increase in value because, at the Copenhagen COP15 conference in 2009, the Kyoto Protocol failed to be extended beyond 2012. The CDM offsets born out of the protocol may, therefore, cease to exist so the marketplace is now rushing to buy voluntary offsets to mitigate this situation and diversify their portfolios.
The Voluntary Carbon Market is a great starting point due to low cost entry and recognised and identifiable carbon standards, true and transparent verifications by credible third party organisations and official public registries and exchanges.