The persistence of global warming and the increase in the price of energy have made one thing crystal clear: sustainability initiatives on the part of companies are not only a trend but rather a need if they are to remain competitive in the future. Reducing emissions is the first step in fighting climate change, and offsetting the remainder is the appropriate next step.
To help improve the living conditions of communities all over the world, you will learn how to do so responsibly through carbon offsetting and the support of certified high-quality carbon offset projects, both of which can be implemented in your company right away after reading this article. In addition, you will discover how you can instantly apply sustainable climate action initiatives in your firm.
Carbon offsetting paves the way for immediate climate action.
The word “carbon offsets” may be known to you, and you may assume that it refers to the action of reducing CO2 emissions. However, there is much more to it than that. Let’s start with the basics and define what we mean when we talk about “carbon offsetting.” Surely carbon offset companies can help and you can have all the choices there.
By offsetting emissions of greenhouse gases that are especially difficult to remove, companies may lower their total carbon footprints. These are the remaining emissions after all other preventative measures have been taken. To achieve this goal, resources are allocated to programs across the world that seek to reduce, eliminate, or halt the release of greenhouse gases into the environment.
The global warming trend must be stopped immediately.
Human activities including transportation, agriculture, and energy generation are the primary causes of the atmospheric accumulation of greenhouse gases during the last 150 years. Both climate change and global warming may be traced back to these manmade causes.
Companies should invest in areas outside of their value chains to grow.
The answer is very obvious.
To mitigate the consequences of climate change, companies must reduce their output of greenhouse gases by at least half by 2030. By 2050, it is suggested by the Science Based Targets initiative (SBTi) Standard that emissions be cut by 90–95%. Long-term success is the objective here. It is important for businesses to “take action to mitigate emissions beyond their value chains” as they work toward achieving net zero emissions. Carbon offsetting (investment in climate mitigation projects outside the value chain) is one strategy for achieving this goal. “high-quality, jurisdictional REDD+ credits” and “investing in direct air capture (DAC) and geologic storage” are two examples of these sorts of credits.
As a result, the international community has settled on a set of policies that will have an impact on the whole globe and pave the path for reaching net-zero emissions by 2050. Businesses, among other organizations and individuals, may participate in the fight against climate change via the use of carbon offsetting.
Conclusion
The significance of drastically reducing carbon emissions cannot be emphasized. According to the net zero criteria proposed by the SBTi, firms should not instead focus their efforts on decreasing their emissions by cutting them swiftly and profoundly. This points to the need of following the “mitigation hierarchy,” which states that reducing emissions from a company’s value chains should come first before investing in methods to reduce emissions from other aspects of the business.