A carbon credit is a practical tool designed to address climate change. It's essentially a tradable certificate or permit representing the right to emit one ton of carbon dioxide (CO₂) or an equivalent amount of another greenhouse gas (GHG). This concept is part of a broader strategy aimed at reducing global greenhouse gas emissions and mitigating climate change.
A carbon farmer is someone who actively removes CO₂ from the air and stores it in various reservoirs like soil, trees, plants, oceans, or rocks. The goal is to mitigate climate change by reducing the concentration of CO₂ in the atmosphere and creating a more sustainable and resilient environment.
Durability and permanence refer to the longevity of carbon storage once removed from the atmosphere. It's essential for carbon removal methods to keep CO₂ out of the atmosphere for several decades, if not centuries or millennia, to effectively mitigate climate change and ensure a more sustainable future.
Nature-based solutions offer a multitude of benefits, from capturing and storing carbon dioxide to conserving biodiversity, improving soil health, enhancing water quality, and fostering climate resilience. These solutions leverage the power of nature to address environmental challenges effectively while creating economic opportunities and promoting sustainable development.
Net Zero refers to reducing the CO₂ emissions as much as possible and achieving a balance between greenhouse gas emissions and removals, where the total emissions produced are offset by the amount removed from the atmosphere. It's a crucial milestone in addressing climate change and transitioning to a more sustainable and resilient future.
Understanding the weight of our carbon footprint is key to addressing climate change. For instance, annually, the average European emits between 7 to 10 tons of CO₂, while in the U.S., it's significantly higher at 16 to 20 tons. On a smaller scale, a one-way flight from New York to London emits about 1.2 tons of CO₂ per passenger, or a gasoline car covering 10,000 km/year emits about 2.4 tons. These figures provide insight into the impact of our daily activities on the environment.
A regenerative economy is an economic system focused on restoring and sustaining the health of both people and the planet. It prioritizes practices that regenerate natural resources, minimize waste, and promote social equity, fostering a more sustainable, resilient, and equitable society.
A removal credit is a practical tool designed to address climate change. It is essentially a tradable certificate or permit that represents the right to remove one ton of carbon dioxide (CO₂) from the atmosphere, thereby offsetting your own unavoidable emissions. This concept is part of a broader strategy aimed at reducing global greenhouse gas emissions and mitigating climate change.
Scope 0: This refers to emissions that happened in the past from activities controlled by the organization. This includes emissions that occurred prior to current reporting periods.
Scope 1: These are emissions that come directly from activities currently controlled by the organization. For instance, if a company has vehicles or machinery that burn fuel, the emissions from those vehicles or machinery would be Scope 1 emissions.
Scope 2: These are emissions that happen indirectly because of the energy the organization uses. For example, if a company buys electricity to power its buildings or equipment, the emissions from generating that electricity would be Scope 2 emissions.
Scope 3: These emissions are also indirect but arise from activities outside the organization's direct control, including its entire supply chain, business travel, and the use of its products by customers. For example, if a company's products require materials that are produced with a lot of emissions, those emissions would be part of Scope 3. Additionally, emissions from transporting products to customers and the subsequent use and disposal of those products contribute to Scope 3 emissions. Understanding and addressing Scope 3 emissions is essential for a comprehensive approach to reducing an organization's overall carbon footprint and environmental impact.
The Sustainable Development Goals (SDGs) are a set of global objectives adopted by all United Nations member countries to address social, economic, and environmental challenges and create a more sustainable and equitable world. CO₂ removal aligns with several SDGs, including Goal 13: Climate Action, by mitigating climate change and supporting broader sustainable development efforts.