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  2. Carbon offsetting

What is a carbon offset?

Individuals and corporations around the world are recognizing the importance of reducing their GHG emissions. As a result, many of them are reducing their carbon footprints through energy efficiency and other measures. Quite often, however, it is not possible for these entities to meet their targets or eliminate their carbon footprint, at least in the near term, with internal reductions alone. They need a flexible mechanism to achieve these aspirational goals and enter the carbon markets. 

By using the carbon markets, entities can neutralize, or offset, their emissions by retiring carbon credits generated by projects that are reducing GHG emissions elsewhere. Of course, it is critical to ensure, or verify, that the emission reductions generated by these projects are actually occurring. 

Companies and private individuals are interested in contributing to their living environment. In order to translate this willingness into implementation, nature offsets and especially carbon offsets make nature compensation easy and provide an appropriate, flexible system of compensation. 

Although there is an interest in contributing to nature conservation from the point of view of corporate social responsibility (CSR), this interest has seen a rise in the last year due to the need to reduce and offset carbon emissions. Carbon offsetting happens on a mandatory basis, as well as on a voluntary basis for Corporate Social Responsibility (CSR) and public relations.