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DESCRIPTION: Significant price spikes in the energy attribute certificate (EAC) and carbonoffset markets have many companies are wondering whether environmental commodities are the right way to reach their goals, asking: is carbonoffsetting worth it? Is carbonoffsetting worth it?
You can download the entire report here. body, set a course for airlines to offset emissions of international flights above a 2019-20 baseline. The pandemic led ICAO to scale back the program, CORSIA (for CarbonOffsetting and Reduction Scheme for International Aviation), to make it easier for airlines to comply.
That means avoiding “greenwashing,” or false communications about environmental action. Greenwashing is a big problem. You’ve probably heard of greenwashing. We define greenwashing and explain why it hurts your company. What Is Greenwashing? Greenwashing can be either intentional or unintentional.
VCM offerings primarily include: Offsets Renewable energy certificates (RECs) Carbon dioxide removal (CDR) projects The VCM expanded in the late 2000s and through the 2010s to meet escalating demand for carbonoffset solutions. But one thing is for certain: action is imperative, both for businesses and for the planet.
While almost a third of those questioned (33%) believed carbonoffsetting is a viable strategy for achieving net-zero emissions, just 37% have employed it as a strategy to reduce their businesses’ environmental impact. The full report and survey findings can be downloaded here.
In line with last year’s survey findings, strategies that focus on carbon removal credits are favored by respondents from larger companies, whereas smaller companies are more likely to have strategies that focus on carbon reduction or avoidance credits. Download the report
For those businesses, one of the steps to consider is calculating their carbon footprint. Once the footprint is determined, they can take actions to reduce their emissions, and between reductions and carbonoffsets, become carbon neutral. Any remaining emissions can be addressed by purchasing carbonoffsets.
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